Recompete of contract number 16PBC20C0024 for provides IT and actuarial support services to sustain pbgc's legacy pims that enables prad to model single-employer and multi-employer plans.

Active Definitive Contract Awarded Last action

Contract number
16PBGC25C0073
Awardee
Awarding agency
Obligated
$1,990,753

Award facts

Contract value 27% obligated
  • $1,990,753.00 Current, with exercised options
  • $7,399,809.00 Potential, with all options
Completion date 38% complete
  • Current, with exercised options
  • Potential, with all options
Set-aside
Total Small Business
Competition
Competed under SAP · 14 offers Simplified Acquisition
Pricing
Firm Fixed Price
Place of performance
Washington, DC 20024, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Exercise an Option P00009 · Exercise option clin 0011 $163,375
Exercise an Option P00008 · Exercise option year 1 $844,752
Supplemental Agreement for work within scope P00006 · The purpose of this modification is to implement executive order 14398, "addressing DEI discrimination by federal contractors." $0
Other Administrative Action P00005 · The purpose of this modification is to implement executive order 14173, "ending illegal discrimination and restoring merit-based opportunity." $0
Other Administrative Action P00004 · Administrative modification - to UN-cancel clin 0004 and adjust the clin total to account for the previously invoiced amounts. $38,969
Other Administrative Action P00003 · Administrative modification - funding being administratively RE-obligate back to this order to resolve issue due to IPP quantity section issue. $116,906
Other Administrative Action P00002 · Administrative modification - funding being administratively DE-obligate to resolve issue due to IPP quantity section issue. Funding will be replaced containing… -$155,874
Other Administrative Action P00001 · Administrative modification to clarify PWS language. $0
Original award $982,626

About this award

Written by GovTribe AI ·

The Pension Benefit Guaranty Corporation awarded a $7.4 million definitive contract to Lynchval Systems Worldwide, Inc. for IT and actuarial support services on September 29, 2025, under a total small business set-aside. This is a recompete of contract number 16PBC20C0024.

The contract sustains PBGC's Legacy Pension Insurance Modeling System (L-PIMS), which enables the Pension Risk Analysis Division (PRAD) to model single-employer and multi-employer pension plans. The award exercises option CLIN 0011 under firm fixed-price terms. Performance occurs in Washington, DC 20024 with a period of performance from September 1, 2025 through August 31, 2028.

Quick answers

Who was awarded contract 16PBGC25C0073?

16PBGC25C0073 was awarded to Lynchval Systems Worldwide, Inc. by Pension Benefit Guaranty Corporation on September 29, 2025.

How much is contract 16PBGC25C0073 worth?

The government has obligated $1,990,753 on 16PBGC25C0073. Its potential value, with all options, is $7,399,809.

Was contract 16PBGC25C0073 competed?

The extent of competition for 16PBGC25C0073 was competed under sap. The government received 14 offers. It was set aside: Total Small Business.

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