Retirement systems modernization defined benefits technology solution

Ended Definitive Contract Awarded Last action

Contract number
OPM490600004
Awardee
Awarding agency
Obligated
$21,002,796

Award facts

Contract value 7% obligated
  • $21,002,795.50 Current, with exercised options
  • $289,726,326.00 Potential, with all options
Completion date 100% complete
Current and potential, with all options
Set-aside
No set-aside
Competition
Follow On to Competed Action · 1 offer Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
Prairie View, IL 60069, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action 17 -$6,036,029
Exercise an Option 14 $4,650,000
Funding Only Action 13 $4,965,000
Exercise an Option 12 $0
Other Administrative Action 11 $341,000
Other Administrative Action 10 $1,400,000
Funding Only Action 9 $156,110
Other Administrative Action 8A $2,068,084
Other Administrative Action 7A $0
Other Administrative Action 6 $933,928
Other Administrative Action 5 $0
Other Administrative Action 1 $0
Modification $3,232,314
Exercise an Option 4A $9,292,389
Other Administrative Action 3 $0
Other Administrative Action 2 $0
Show all 16

About this award

Written by GovTribe AI ·

This is a definitive contract awarded by the U.S. Office of Personnel Management (OPM) to Hewitt Associates Limited Liability Company, a prime contractor, for a Retirement Systems Modernization Defined Benefits Technology Solution. The contract has a ceiling value of $289,726,326.00 and is a firm fixed-price contract. The place of performance is Prairie View, Illinois. The contract is not set aside for a specific business type. The contract appears to be part of the OPM's efforts to modernize its retirement systems, with the prime contractor providing a range of services including actuarial services, strategic human capital analyses, and defined benefits technology solutions. Over time, the contractor has expanded its services to the government, working primarily with the Treasury Department but also potentially with other agencies like the FBI.

Quick answers

Who was awarded contract OPM490600004?

OPM490600004 was awarded to Hewitt Associates LIMITED Liability Company (5791) by Office of Personnel Management on August 17, 2006.

How much is contract OPM490600004 worth?

The government has obligated $21,002,796 on OPM490600004. Its potential value, with all options, is $289,726,326.

Was contract OPM490600004 competed?

The extent of competition for OPM490600004 was follow on to competed action. The government received 1 offer.

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