Portfolio management

Ended Definitive Contract Awarded Last action

Contract number
PBGC01CT160032
Awardee
Awarding agency
Obligated
$2,302,412

Award facts

Opportunity
Contract value 50% obligated
  • $4,386,788.80 Current, with exercised options
  • $4,622,894.40 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 · 30 offers Negotiated Proposal / Quote
Pricing
Firm Fixed Price
Place of performance
Chevy Chase, MD 20815, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00022 -$7,581
Funding Only Action P00021 -$402
Funding Only Action P00020 · Investment management services $234,000
Supplemental Agreement for work within scope P00019 $0
Other Administrative Action P00018 · Asset management $0
Funding Only Action P00017 $40,000
Supplemental Agreement for work within scope P00016 · Investment management services $207,107
Other Administrative Action P00015 $0
Other Administrative Action P00014 · Administrative modification $0
Exercise an Option P00013 · The contractor shall provide active investment management services for fixed income portfolios. $410,000
Funding Only Action P00012 -$1,253
Exercise an Option P00011 $380,000
Funding Only Action P00010 -$7,382
Supplemental Agreement for work within scope P00009 $0
Funding Only Action P00008 $7,000
Exercise an Option P00007 · Investment management services $0
Funding Only Action P00006 $353,200
Funding Only Action P00005 · Investment management services -$82,278
Supplemental Agreement for work within scope P00004 $0
Exercise an Option 3 · Portfolio management services $360,000
Other Administrative Action 2 $0
Funding Only Action 1 · Investment management services $60,000
Original award $350,000
Show all 23

About this award

Written by GovTribe AI ·

This is a $4,622,894.40 definitive, firm fixed-price contract awarded by the Pension Benefit Guaranty Corporation (PBGC), a civilian federal agency, to New Century Advisors LLC, a small disadvantaged, woman-owned limited liability company. The contract is for portfolio management services and has an ultimate completion date of December 31, 2021. No set-aside designation was used. New Century Advisors specializes in providing financial advisory and investment management expertise to support PBGC's mission of safeguarding pension benefits. This contract award demonstrates the company's ongoing role in supporting PBGC's efforts to diversify its investment portfolio and potentially enhance returns through engagement with smaller, specialized asset management firms.

Quick answers

Who was awarded contract PBGC01CT160032?

PBGC01CT160032 was awarded to New Century Advisors LLC by Pension Benefit Guaranty Corporation on July 1, 2016.

How much is contract PBGC01CT160032 worth?

The government has obligated $2,302,412 on PBGC01CT160032. Its current value, with exercised options, is $4,386,789. Its potential value, with all options, is $4,622,894.

Was contract PBGC01CT160032 competed?

The extent of competition for PBGC01CT160032 was full and open competition. The government received 30 offers.

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