Definitive Contract PBGC01CT150006

Award Date 10/1/14
Potential Completion Date 6/4/25
Potential Value $64M
Ultimate Awardee
Not listed
Federal Contract Vehicle
Set-Aside Type
No Set-Aside Used
Extent Competed
Full and Open Competition
Major Defense Program
Not listed
Pricing Type
Firm Fixed Price
Place of Performance
Washington, DC 20024, USA
Solicitation Procedures
Negotiated Proposal / Quote
Number Of Offers Received
3
Legislative Mandate
Not listed
National Interest Action
Not listed
Research Type
Not listed
Primary Consortia Member
Not listed
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This is a definitive contract awarded by the Pension Benefit Guaranty Corporation (PBGC), a civilian agency, to State Street Corporation for global master custody services. The contract, valued at $64,115,492.05, is for a firm fixed-price with a completion date of June 4, 2025. The contract does not have a set-aside designation.

Under this contract, State Street Corporation will provide comprehensive investment accounting, performance reporting, and asset servicing for PBGC's $68.1 billion Trust Fund. The company has extensive experience managing large-scale financial assets and providing specialized financial services to federal agencies. This award builds on State Street's existing relationship with PBGC, as the company was previously awarded contracts for global master custody services as well as serving as the Primary Paying Agent responsible for disbursing monthly benefit payments to retirees in private sector defined benefit pension plans.

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