Pension insurance modeling systems (PIMS) services

Ended Definitive Contract Awarded Last action

Contract number
PBGC01CT150025
Awardee
Awarding agency
Obligated
$17,625,653

Award facts

Opportunity
Contract value 93% obligated
  • $17,625,653.14 Current, with exercised options
  • $18,898,633.45 Potential, with all options
Completion date 100% complete
Current and potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 9 offers Negotiated Proposal / Quote
Pricing
Labor Hours
Place of performance
Washington, DC 20005, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00018 -$1,272,877
Other Administrative Action P00017 $0
Funding Only Action P00016 $326,231
Exercise an Option P00015 $3,550,839
Funding Only Action P00014 $558,487
Supplemental Agreement for work within scope P00013 $0
Funding Only Action P00012 $700,000
Exercise an Option P00011 $2,505,658
Funding Only Action P00010 $421,620
Funding Only Action P00009 $97,690
Funding Only Action 8 $673,385
Funding Only Action 7 $461,814
Exercise an Option 6 $2,000,000
Supplemental Agreement for work within scope 5 $0
Supplemental Agreement for work within scope 4 $0
Supplemental Agreement for work within scope 3 $609,988
Exercise an Option 2 $3,548,068
Supplemental Agreement for work within scope 1 $0
Original award $3,444,750
Show all 19

About this award

Written by GovTribe AI ·

Lynchval Systems Worldwide Inc. was awarded a definitive contract by the Pension Benefit Guaranty Corporation (PBGC) on September 1, 2015. The potential value of the contract is $18,898,633.45 to provide professional actuarial support services to PBGC over a five-year period. As the prime contractor, Lynchval will analyze pension plan data and models to calculate funding levels and benefit payments for PBGC's pension insurance programs. No set-aside designation was used for this contract award. PBGC insures the defined benefit pension plans of private-sector American workers, paying benefits in the event a plan is terminated without having sufficient funds to pay all benefits. This definitive contract supports PBGC's mission by providing specialized actuarial analysis services through Lynchval's Legacy Pension Insurance Modeling System.

Quick answers

Who was awarded contract PBGC01CT150025?

PBGC01CT150025 was awarded to Lynchval Systems Worldwide, Inc. by Pension Benefit Guaranty Corporation on September 1, 2015.

How much is contract PBGC01CT150025 worth?

The government has obligated $17,625,653 on PBGC01CT150025. Its potential value, with all options, is $18,898,633.

Was contract PBGC01CT150025 competed?

The extent of competition for PBGC01CT150025 was full and open competition. The government received 9 offers.

On GovTribe

See this award's full record

  • Every transaction and funding action
  • The awardee's other awards and teaming partners
  • Similar awards and recompete opportunities
  • Ask GovTribe AI about this award
Try for free Login