Investment consulting services
Ended Definitive Contract Awarded Last action
- Contract number
- PBGC01CT170024
- Awardee
-
Mercer Investments LLC UEI KWBKB1XAX2M5 Part of Marsh & Mclennan Companies Inc.
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $4,937,000
Award facts
- Opportunity
-
- PBGC01RP170003 Solicitation number
- General Investment Consulting Services Award Notice · Posted Aug 24, 2016
- Contract value 89% obligated
-
- $4,936,999.71 Current, with exercised options
- $5,562,493.70 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 523930 Investment Advice
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 3 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 |
|---|---|---|
| Novation Agreement | $0 | |
| Supplemental Agreement for work within scope | $156,374 | |
| Exercise an Option | $312,747 | |
| Funding Only Action | -$0 | |
| Exercise an Option | $938,241 | |
| Exercise an Option | $915,357 | |
| Exercise an Option | $893,031 | |
| Other Administrative Action | -$0 | |
| Exercise an Option | $871,250 | |
| Original award | $850,000 |
About this award
This federal contract award is for investment consulting services provided to the Pension Benefit Guaranty Corporation (PBGC), a civilian government agency. The contract was awarded to Mercer Investments LLC, a subsidiary of Marsh & McLennan Companies Inc., a global professional services firm. The contract is a definitive, firm fixed-price contract with a ceiling value of $5,562,493.70 and an ultimate completion date of August 31, 2022. The contract was not designated as a set-aside, indicating it was awarded through full and open competition. In addition to this prime contract, Mercer Investments LLC has also secured subcontract awards under Consolidated Nuclear Security, LLC, providing services for projects related to the Department of Energy.
Quick answers
Who was awarded contract PBGC01CT170024?
PBGC01CT170024 was awarded to Mercer Investments LLC by Pension Benefit Guaranty Corporation on February 23, 2017.
How much is contract PBGC01CT170024 worth?
The government has obligated $4,937,000 on PBGC01CT170024. Its current value, with exercised options, is $4,937,000. Its potential value, with all options, is $5,562,494.
Was contract PBGC01CT170024 competed?
The extent of competition for PBGC01CT170024 was full and open competition. The government received 3 offers.
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