Deobligate expired funds

Ended Definitive Contract Awarded Last action

Contract number
PBGC01CT150040
Awardee
Awarding agency
Obligated
$30,606,741

Award facts

Opportunity
Contract value 100% obligated
$30,606,741.47 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Contracting staff
NAICS code
523920 Portfolio Management
Set-aside
No set-aside
Competition
Full and Open Competition · 20 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
Washington, DC 20024, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Other Administrative Action P00035 -$598,692
Exercise an Option P00034 · The purpose of this modification is to extend services for this contract for six months. $1,000,000
Funding Only Action P00033 · The purpose of this modification is to DE-obligate funds and decrease the overall ceiling value of the contract. -$2,672,352
Exercise an Option P00032 · The purpose of this modification is to exercise and fully fund option period nine of the contract. $2,800,000
Other Administrative Action P00031 · The purpose of this modification is to add the IPP clause to the contract. $0
Exercise an Option P00030 · Investment management services $3,000,000
Funding Only Action P00029 -$3,530,508
Exercise an Option P00028 · Financial management services $4,500,000
Other Administrative Action P00027 -$10,789
Funding Only Action P00026 · Emerging market equities investment management services $300,000
Supplemental Agreement for work within scope P00025 $0
Exercise an Option P00024 · Investment management services $5,200,000
Supplemental Agreement for work within scope P00023 · Asset management -$372,604
Other Administrative Action P00022 · Investment management services $0
Supplemental Agreement for work within scope P00021 · Emerging market equities investment management services $0
Other Administrative Action P00020 · Administrative modification $0
Exercise an Option P00019 · Exercise option - portfolio MGT $3,900,000
Funding Only Action P00018 -$657,710
Funding Only Action P00017 $3,500,000
Exercise an Option P00016 $500,000
Funding Only Action P00015 -$1,207,361
Exercise an Option P00014 $4,152,000
Funding Only Action P00013 -$667,419
Funding Only Action P00012 -$236,502
Other Administrative Action P00011 $0
Funding Only Action P00010 -$12,954
Funding Only Action P00009 $58,000
Funding Only Action P00008 · Investment management services $1,611,800
Exercise an Option 7 · Investment management $3,700,000
Funding Only Action 6 $700,000
Funding Only Action 5 · Investment management services -$628,167
Funding Only Action 4 $1,900,000
Funding Only Action 3 $200,000
Other Administrative Action 2 $0
Exercise an Option 1 · Investment management $1,400,000
Original award $2,780,000
Show all 36

About this award

Written by GovTribe AI ·

The Pension Benefit Guaranty Corporation (PBGC), a civilian federal agency, awarded a definitive firm fixed-price contract to AQR Capital Management LLC for services valued at approximately $30.6 million. The contract, awarded on September 30, 2015, is scheduled for ultimate completion by March 29, 2026, and will be performed in Washington, DC. This contract action involves the deobligation of expired funds, indicating a reallocation or adjustment of previously obligated budget authority rather than new spending authorization.

AQR Capital Management LLC, a quantitative investment management firm, was selected as the prime contractor for this engagement with no set-aside designations applied. The PBGC, which administers the nation's defined benefit pension insurance program, likely engaged AQR for investment advisory or asset management services related to the management of pension insurance liabilities and trust assets. As a firm fixed-price arrangement, AQR bears the financial risk associated with contract performance, with the compensation amount capped at the ceiling value of $30.6 million throughout the contract period.

Quick answers

Who was awarded contract PBGC01CT150040?

PBGC01CT150040 was awarded to AQR Capital Management LLC by Pension Benefit Guaranty Corporation on September 30, 2015.

How much is contract PBGC01CT150040 worth?

The government has obligated $30,606,741 on PBGC01CT150040.

Was contract PBGC01CT150040 competed?

The extent of competition for PBGC01CT150040 was full and open competition. The government received 20 offers.

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