Portfolio management services

Ended Definitive Contract Awarded Last action

Contract number
PBGC01CT160021
Awardee
Awarding agency
Obligated
$37,157,020

Award facts

Opportunity
  • PBGC01RP150008 Solicitation number
Contract value 6% obligated
  • $37,157,020.39 Current, with exercised options
  • $611,613,895.89 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
Washington, DC 20024, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Close Out P00048 · DE-obligation of excess FY-23, FY-24, and FY-25 funds in preparation for contract closeout. -$4,285,437
Funding Only Action P00046 · The purpose of this modification is to DE-obligates FY2022 funding on the contract. -$1,541,556
Funding Only Action P00047 · The purpose of this modification is to incrementally fund option period eight. $1,950,000
Exercise an Option P00045 · The purpose of this modification is to exercise OP8, increase the ceiling value, add funding, and update clauses in the contract. $3,000,000
Funding Only Action P00044 $3,000,000
Exercise an Option P00043 · Investment management services $3,000,000
Other Administrative Action P00042 · Financial management services -$13,597
Funding Only Action P00041 · Investment management services $3,000,000
Funding Only Action P00040 $2,000,000
Other Administrative Action P00039 -$938
Exercise an Option P00038 · Financial management services $1,000,000
Funding Only Action P00037 $4,000,000
Supplemental Agreement for work within scope P00036 $0
Funding Only Action P00035 $200,000
Funding Only Action P00034 $1,240,000
Funding Only Action P00033 -$591
Exercise an Option P00032 $1,000,000
Funding Only Action P00031 $18,000
Funding Only Action P00030 $2,500,000
Other Administrative Action P00029 $0
Supplemental Agreement for work within scope P00028 $0
Funding Only Action P00027 · Investment management services $45,000
Exercise an Option P00026 · Investment $2,234,500
Funding Only Action P00025 $65,000
Funding Only Action P00024 -$219,197
Funding Only Action P00023 $2,234,500
Funding Only Action P00022 $50,000
Funding Only Action P00021 · Investment management services $750,000
Other Administrative Action P00020 · Investment management services for CID $0
Exercise an Option P00019 $1,100,000
Supplemental Agreement for work within scope P00018 $0
Funding Only Action P00017 $2,000,000
Other Administrative Action P00016 $0
Exercise an Option P00015 · Investment management services $100,000
Funding Only Action P00014 $3,529,031
Funding Only Action P00013 $150,000
Supplemental Agreement for work within scope 12 $0
Other Administrative Action 11 $0
Funding Only Action 10 $700,000
Exercise an Option 9 $750,000
Funding Only Action 8 -$997,694
Other Administrative Action 7 $0
Funding Only Action 6 $1,700,000
Funding Only Action 5 $500,000
Funding Only Action 4 -$300,000
Other Administrative Action 3 · Investment services $0
Funding Only Action 2 · MOD to add funds to the first six months of the base year. $2,100,000
Other Administrative Action 1 · Modification to change the clin schedule to 6 month increments $0
Original award $600,000
Show all 49

About this award

Written by GovTribe AI ·

The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive contract with a ceiling value of $611.6 million to Western Asset Management Co, LLC for portfolio management services. The award, dated April 1, 2016, carries an ultimate completion date of March 31, 2025, and is structured as a firm fixed-price engagement performed in Washington, DC. No small business set-aside was utilized for this contract award.

The contract is currently undergoing de-obligation of excess funds from fiscal years 2023, 2024, and 2025 in preparation for closeout. Western Asset Management, operating under the trade name Western Asset, will manage investment portfolio activities to support the PBGC's operations, which include administering benefits and managing pension plan assets on behalf of participants in terminated defined benefit pension plans. This engagement reflects the PBGC's reliance on specialized investment management expertise to optimize portfolio performance across its multi-billion-dollar asset base.

Quick answers

Who was awarded contract PBGC01CT160021?

PBGC01CT160021 was awarded to Western Asset Management Co, LLC by Pension Benefit Guaranty Corporation on April 1, 2016.

How much is contract PBGC01CT160021 worth?

The government has obligated $37,157,020 on PBGC01CT160021. Its potential value, with all options, is $611,613,896.

Was contract PBGC01CT160021 competed?

The extent of competition for PBGC01CT160021 was full and open competition. The government received 26 offers.

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