I-24 southeast choice lane project financial advisory services (I-24)
Active Awarded Last action
- Contract number
- 693JJ325F00224N
- Awardee
-
PFM Financial Advisors LLC UEI G75NX1N6L228
- Awarding agency
-
Federal Highway Administration
Department of Transportation
- Obligated
- $318,500
Award facts
- Opportunity
-
- TOPR0014 Solicitation number
- Contract value 100% obligated
- $318,500.00 Current and potential, with all options
- Completion date 63% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Immediate Office of the Secretary of Transportation Department of Transportation
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 5 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Philadelphia, PA 19103, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Original award | $318,500 |
About this award
The U.S. Department of Transportation's Immediate Office of the Secretary awarded a $318,500 firm-fixed-price delivery order to PFM Financial Advisors LLC on September 15, 2025, for financial advisory services supporting the I-24 Southeast Choice Lane Project. The work is scheduled for completion by June 30, 2027, and will be performed in Middle City West, Pennsylvania. This delivery order was issued without a small business set-aside designation, reflecting the contractor's competitive qualifications in the specialized financial advisory services market. PFM Financial Advisors LLC, a Philadelphia-based subsidiary of Public Financial Management, Inc., brings extensive expertise in financial modeling, transaction support, credit analysis, and strategic consultation essential for managing complex infrastructure financing initiatives.
This engagement is issued under a $9.75 million Indefinite Delivery Contract between PFM Financial Advisors LLC and the Federal Highway Administration, awarded May 8, 2024, and extending through May 8, 2029. The underlying IDC supports the Build America Bureau's mission to finance surface transportation infrastructure projects and authorizes both cost-reimbursable and firm-fixed-price task orders. PFM Financial Advisors LLC has an established track record delivering financial advisory services across multiple transportation and infrastructure initiatives, including the Hudson Tunnel Project, METRA Bridge Improvement Program, and various transit modernization and airport facility projects, with individual task orders ranging from $20,000 to $549,000.
Quick answers
Who was awarded contract 693JJ325F00224N?
693JJ325F00224N was awarded to PFM Financial Advisors LLC by Federal Highway Administration (Department of Transportation) on September 15, 2025.
How much is contract 693JJ325F00224N worth?
The government has obligated $318,500 on 693JJ325F00224N.
Which agency awarded contract 693JJ325F00224N?
Federal Highway Administration (Department of Transportation) awarded 693JJ325F00224N, with funding from Immediate Office of the Secretary of Transportation (Department of Transportation).
Is contract 693JJ325F00224N an order under another contract?
Yes. 693JJ325F00224N is a delivery order under 693JJ324D000014, an indefinite delivery contract.
Was contract 693JJ325F00224N competed?
The extent of competition for 693JJ325F00224N was full and open competition. The government received 5 offers.
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