Investment management services

Ended Definitive Contract Awarded Last action

Contract number
PBGC01CT170030
Awardee
Awarding agency
Obligated
$16,914,968

Award facts

Opportunity
  • PBGC01RP160019 Solicitation number
Contract value 81% obligated
  • $16,914,968.32 Current, with exercised options
  • $20,810,000.00 Potential, with all options
Completion date 100% complete
  • Current, with exercised options
  • Potential, with all options
NAICS code
523920 Portfolio Management
Set-aside
No set-aside
Competition
Full and Open Competition · 22 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 P00023 · Contract closeout $0
Other Administrative Action P00022 -$1,524,017
Exercise an Option P00021 · Exercise and fund option period eight $1,900,000
Other Administrative Action P00019 · This modification is to DE-obligate FY21 and FY22 unused funds for this contract. -$1,589,862
Exercise an Option P00018 · The purpose of this modification is to exercise OP7, add funding, and add newly required clauses to the contract. $2,000,000
Exercise an Option P00017 · Active eafe investment management services $2,000,000
Other Administrative Action P00016 · Financial management services $0
Other Administrative Action P00015 -$71,365
Exercise an Option P00014 · Active eafe investment management services $2,117,000
Funding Only Action P00013 -$118,938
Funding Only Action P00012 $91,033
Exercise an Option P00011 $3,069,000
Funding Only Action P00010 $132,000
Funding Only Action P00009 · Investment contract incremental funding $150,000
Exercise an Option P00008 · Investment contract $2,487,000
Funding Only Action P00007 -$177,084
Funding Only Action P00006 $1,640,000
Other Administrative Action P00005 $0
Exercise an Option P00004 $600,000
Funding Only Action P00003 · Investment management services for CID -$110,798
Funding Only Action P00002 -$100,000
Exercise an Option P00001 $2,340,000
Original award $2,081,000
Show all 23

About this award

Written by GovTribe AI ·

The Pension Benefit Guaranty Corporation (PBGC) awarded a definitive firm fixed-price contract to Baillie Gifford Overseas LIMITED for investment management services. The contract, awarded on March 31, 2017, has a ceiling value of $20.81 million with an ultimate completion date of March 30, 2027. The work will be performed in Great Britain, United Kingdom. No set-aside designation was used for this procurement.

Baillie Gifford Overseas LIMITED will provide investment management services to support the PBGC's portfolio management objectives. As an independent agency responsible for protecting the retirement income of American workers covered by defined benefit pension plans, the PBGC relies on professional investment management services to oversee its insurance program assets. The ten-year contract period reflects the long-term nature of investment management relationships and the PBGC's need for sustained portfolio stewardship.

Quick answers

Who was awarded contract PBGC01CT170030?

PBGC01CT170030 was awarded to Baillie Gifford Overseas LIMITED by Pension Benefit Guaranty Corporation on March 31, 2017.

How much is contract PBGC01CT170030 worth?

The government has obligated $16,914,968 on PBGC01CT170030. Its potential value, with all options, is $20,810,000.

Was contract PBGC01CT170030 competed?

The extent of competition for PBGC01CT170030 was full and open competition. The government received 22 offers.

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