DE-obligation of excess FY-23 and FY-24 funds in preparation for contract closeout.

Ended Definitive Contract Awarded Last action

Contract number
PBGC01CT150042
Awardee
Awarding agency
Obligated
$24,300,102

Award facts

Opportunity
Contract value 100% obligated
$24,300,102.45 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
Close Out P00026 -$2,395,630
Exercise an Option P00025 · The purpose of this modification is to exercise and fund OP9 of the conformed contract. $1,800,000
Funding Only Action P00024 · The purpose of this modification is to deobligate funds on the conformed contract. -$1,440,518
Other Administrative Action P00023 · The purpose of this modification is to add the IPP clause, ,remove the old invoice clause, and add the fascsa clause. $0
Exercise an Option P00022 · Investment management services $2,500,000
Supplemental Agreement for work within scope P00021 · Financial management -$1,781,078
Exercise an Option P00020 · Financial management services $3,000,000
Supplemental Agreement for work within scope P00019 -$106,125
Exercise an Option P00018 · Investment management services $3,700,000
Funding Only Action P00017 -$171,786
Funding Only Action P00016 -$377,422
Exercise an Option P00015 · Portfolio management services $3,700,000
Novation Agreement P00014 · Novation agreement $0
Funding Only Action P00013 $800,000
Exercise an Option P00012 $2,900,000
Funding Only Action P00011 -$903,499
Exercise an Option P00010 $3,675,000
Funding Only Action P00009 -$1,058,191
Funding Only Action P00008 -$500,000
Funding Only Action P00007 $1,611,800
Exercise an Option P00006 $3,200,000
Funding Only Action 5 $800,000
Funding Only Action 4 -$272,448
Funding Only Action 3 $1,400,000
Funding Only Action 2 · Investment management services $300,000
Exercise an Option 1 · Investment management $1,400,000
Original award $2,520,000
Show all 27

About this award

Written by GovTribe AI ·

The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive contract to Invesco Trust Company for de-obligation of excess fiscal year 2023 and 2024 funds in preparation for contract closeout. The contract, awarded September 30, 2015, carries a ceiling value of $24.3 million and is structured as a firm fixed-price engagement. The place of performance is Washington, DC. No set-aside designation was utilized for this award.

This de-obligation action represents the final administrative phase of a long-standing contract relationship, with an ultimate completion date of September 29, 2025. Invesco Trust Company, a major financial services firm specializing in investment management and trust services, was engaged to manage and return unobligated balances from prior fiscal years as part of standard contract closeout procedures. This type of action ensures proper stewardship of federal funds by the PBGC, which administers pension insurance programs for private sector retirement plans.

Quick answers

Who was awarded contract PBGC01CT150042?

PBGC01CT150042 was awarded to Invesco Trust Company by Pension Benefit Guaranty Corporation on September 30, 2015.

How much is contract PBGC01CT150042 worth?

The government has obligated $24,300,102 on PBGC01CT150042.

Was contract PBGC01CT150042 competed?

The extent of competition for PBGC01CT150042 was full and open competition. The government received 20 offers.

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