Portfolio management services

Ended Definitive Contract Awarded Last action

Contract number
PBGC01CT160015
Awardee
Awarding agency
Obligated
$117,595,275

Award facts

Opportunity
  • PBGC01RP150008 Solicitation number
Contract value 37% obligated
  • $117,595,274.81 Current, with exercised options
  • $315,773,912.65 Potential, with all options
Completion date 100% complete
Current and potential, with all options
NAICS code
523920 Portfolio Management
Set-aside
No set-aside
Competition
Full and Open Competition · 26 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
Newark, NJ 07102, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Supplemental Agreement for work within scope P00053 · The purpose of this modification is to implement executive order 14398, "addressing DEI discrimination by federal contractors." $0
Other Administrative Action P00052 · The purpose of this modification is to implement executive order 14173, "ending illegal discrimination and restoring merit-based opportunity." $0
Exercise an Option P00051 · The purpose of this modification is to exercise and fully fund the six month option period in accordance with far 52.217 8, option to extend services. $4,900,000
Other Administrative Action P00050 · DE-obligate FY23/24 funds and add alternate COR -$3,512,241
Funding Only Action P00049 · The purpose of this modification is to obligate FY 26 quarter one funding. $4,600,000
Other Administrative Action P00048 · The purpose of this modification is to update the contracting officer from mary skaggs to marius morgan. All other terms and conditions remain unchanged. $0
Exercise an Option P00047 · Exercise option period nine $4,300,000
Funding Only Action P00046 · The purpose of this modification is to incrementally fund the contract in the total amount of $4,300,000.00. $4,300,000
Funding Only Action P00045 · This modification DE-obligates unused FY22 (OP6) funds on the conformed contract. -$1,592,000
Exercise an Option P00044 · The purpose of this modification is to exercise OP8, add funding, and add newly required clauses. $5,000,000
Funding Only Action P00043 · Adding incremental funding to investment management services $6,000,000
Supplemental Agreement for work within scope P00042 -$51,291
Exercise an Option P00041 $5,000,000
Funding Only Action P00040 · Investment management services $5,000,000
Funding Only Action P00039 $500,000
Funding Only Action P00038 · Financial management services $3,000,000
Other Administrative Action P00037 -$26,973
Exercise an Option P00036 · Asset management services $2,000,000
Funding Only Action P00035 $6,000,000
Funding Only Action P00033 $400,000
Funding Only Action P00032 -$511,387
Funding Only Action P00031 $3,020,000
Exercise an Option P00030 $2,000,000
Funding Only Action P00029 $7,000,000
Funding Only Action P00028 $3,110,428
Supplemental Agreement for work within scope P00027 · Portfolio management $0
Exercise an Option P00024 · Fixed income $1,872,000
Funding Only Action P00023 $0
Funding Only Action P00022 -$65,000
Funding Only Action P00021 $7,439,000
Funding Only Action P00020 $500,000
Funding Only Action P00019 $2,400,000
Supplemental Agreement for work within scope P00018 · Portfolio management services for CID $0
Exercise an Option P00017 $3,400,000
Other Administrative Action P00016 -$1
Funding Only Action P00015 · Portfolio management services for CID $7,000,000
Funding Only Action P00014 $356,000
Funding Only Action P00013 $5,765,144
Exercise an Option P00012 $100,000
Funding Only Action P00011 $12,954
Funding Only Action P00010 $7,904,174
Funding Only Action P00009 $100,000
Supplemental Agreement for work within scope P00008 · Portfolio investment services $0
Funding Only Action 7 $3,650,000
Exercise an Option 6 $3,100,000
Funding Only Action 5 -$233,032
Funding Only Action 4 $6,900,000
Funding Only Action 3 · Portfolio asset management services $300,000
Funding Only Action 2 · MOD to add funds to the first six months of the base year. $6,100,000
Other Administrative Action 1 · Modification to change the clin schedule to 6 months increments $0
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About this award

The Pension Benefit Guaranty Corporation awarded a definitive contract to PGIM, Inc. for portfolio management services on April 1, 2016, with a ceiling value of $315,773,912.65 and an ultimate completion date of September 30, 2026.

The contract carries firm fixed price pricing and no set-aside. Place of performance is Newark, NJ 07102. A modification to this contract implements Executive Order 14398, addressing DEI discrimination by federal contractors.

Quick answers

Who was awarded contract PBGC01CT160015?

PBGC01CT160015 was awarded to Pgim, Inc. by Pension Benefit Guaranty Corporation on April 1, 2016.

How much is contract PBGC01CT160015 worth?

The government has obligated $117,595,275 on PBGC01CT160015. Its potential value, with all options, is $315,773,913.

Was contract PBGC01CT160015 competed?

The extent of competition for PBGC01CT160015 was full and open competition. The government received 26 offers.

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