Portfolio management services

Ended Definitive Contract Awarded Last action

Contract number
16PBGC24C0035
Awardee
Awarding agency
Obligated
$1,516,102

Award facts

Contract value 100% obligated
$1,516,102.44 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 26 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
New York, NY 10006, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Close Out P00010 · DE-obligation of excess FY-25 and FY-26 funds in preparation for contract closeout. -$793,032
Terminate for Convenience P00009 · The purpose of this modification is to fully terminate the contract for the government's convenience. This termination is in accordance with far 52.212-4(L)… $0
Other Administrative Action P00007 · The purpose of this modification is to implement executive order 14173, "ending illegal discrimination and restoring merit-based opportunity." $0
Funding Only Action P00006 · Deobligate excess funds from the base period. -$120,866
Exercise an Option P00005 · The purpose of this modification is to exercise and fund option period 2 from january 1, 2026 through december 31, 2026 in the amount of $970,000. As a result… $970,000
Other Administrative Action P00004 · Active investment management and related services for a U.S. Core fixed income portfolio. $0
Exercise an Option P00003 · The modification is to exercise and add funding to option period one of the conformed contract. $900,000
Funding Only Action P00002 · The purpose of this modification is to incrementally increase funds for the base period of performance of this contract. $160,000
Funding Only Action P00001 · The purpose of this modification is to add fundinge to the contract. $300,000
Original award $100,000

About this award

Written by GovTribe AI ·

The Pension Benefit Guaranty Corporation awarded a definitive contract to Ramirez Asset Management, Inc. for portfolio management services on January 1, 2024, with a ceiling value of $1.516 million.

The contract covers de-obligation of excess FY-25 and FY-26 funds in preparation for contract closeout. Pricing is firm fixed price. Place of performance is New York, NY. The ultimate completion date is July 29, 2026.

Quick answers

Who was awarded contract 16PBGC24C0035?

16PBGC24C0035 was awarded to Ramirez Asset Management, Inc. by Pension Benefit Guaranty Corporation on January 1, 2024.

How much is contract 16PBGC24C0035 worth?

The government has obligated $1,516,102 on 16PBGC24C0035.

Was contract 16PBGC24C0035 competed?

The extent of competition for 16PBGC24C0035 was full and open competition. The government received 26 offers.

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