Investment risk management system

Active Definitive Contract Awarded Last action

Contract number
16PBGC23C0006
Awardee
Awarding agency
Obligated
$5,550,000

Award facts

Opportunity
Contract value 40% obligated
  • $5,550,000.00 Current, with exercised options
  • $13,875,000.00 Potential, with all options
Completion date 36% complete
  • Current, with exercised options
  • Potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 4 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
New York, NY 10022, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Other Administrative Action P00007 · The purpose of this modification is to implement executive order 14173, "ending illegal discrimination and restoring merit-based opportunity." $0
Exercise an Option P00006 · Exercise option year three $1,387,500
Other Administrative Action P00005 · Update the COR in the system $0
Exercise an Option P00004 · Exercise and fund option period and change COR. $1,387,500
Funding Only Action P00003 · The purpose of the modification is to DE-obligate excess funding for a cancelled line item on this contract. -$1,851
Exercise an Option P00002 · The purpose of this modification is to exercise and fully fund option period one. $1,387,500
Other Administrative Action P00001 · Investment risk management system: price reduction and added clause. $0
Original award $1,389,351

About this award

Written by GovTribe AI ·

The Pension Benefit Guaranty Corporation awarded a $13.875 million definitive contract to Blackrock Financial Management Inc. for an Investment Risk Management System on March 28, 2023, under a firm fixed price structure with no set-aside.

The system measures, manages, and monitors investment risks across PBGC's single-employer and multiemployer pension programs, which hold over $150 billion in assets and $170 billion in estimated liabilities. The solicitation, posted May 25, 2022 with proposals due June 13, 2022, evaluated offerors on operational approach, implementation plan, organizational experience, and past performance. Place of performance is New York, NY 10022. The contract carries a one-year base period and nine one-year options, with an ultimate completion date of March 27, 2033. NAICS code 524210 and PSC code D302.

Quick answers

Who was awarded contract 16PBGC23C0006?

16PBGC23C0006 was awarded to Blackrock Financial Management Inc. by Pension Benefit Guaranty Corporation on March 28, 2023.

How much is contract 16PBGC23C0006 worth?

The government has obligated $5,550,000 on 16PBGC23C0006. Its potential value, with all options, is $13,875,000.

Was contract 16PBGC23C0006 competed?

The extent of competition for 16PBGC23C0006 was full and open competition. The government received 4 offers.

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