To support collateral agents use of outside counsel to review nonstandard documents.
Ended Awarded Last action
- Contract number
- 89303020FLP400008
- Awardee
-
National Association PNC Bank UEI L3KLYCG35MZ6 Part of The PNC Financial Services Group, Inc.
- Awarding agency
-
Headquarters
Department of Energy
- Obligated
- $22,524
Award facts
- Contract value 14% obligated
- $157,524.29 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Office of Loan Programs Department of Energy
- NAICS code
- 522110 Commercial Banking
- Set-aside
- No set-aside
- Competition
- Competed under SAP Simplified Acquisition
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20585, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | -$97,969 | |
| Exercise an Option | $0 | |
| Funding Only Action | $48,493 | |
| Funding Only Action | $72,000 | |
| Funding Only Action | $0 | |
| Funding Only Action | $0 | |
| Original award | $0 |
About this award
This federal contract award, with a ceiling value of $157,524.29, was issued by the U.S. Department of Energy's Office of Loan Programs to support the use of outside counsel by collateral agents to review nonstandard documents. The contract was awarded as a Firm Fixed Price Delivery Order to the National Association PNC Bank, Midland Loan Services Division, on November 20, 2019. The contract does not have a set-aside designation and is expected to be completed by April 22, 2025. Midland Loan Services, a subsidiary of the larger PNC Financial Services Group, has provided collateral agent services to the Department of Energy in the past, leveraging its expertise in financial advisory and administrative services for federal agencies.
Quick answers
Who was awarded contract 89303020FLP400008?
89303020FLP400008 was awarded to National Association PNC Bank by Headquarters (Department of Energy) on November 20, 2019.
How much is contract 89303020FLP400008 worth?
The government has obligated $22,524 on 89303020FLP400008. Its current value, with exercised options, is $157,524.
Which agency awarded contract 89303020FLP400008?
Headquarters (Department of Energy) awarded 89303020FLP400008, with funding from Office of Loan Programs (Department of Energy).
Is contract 89303020FLP400008 an order under another contract?
Yes. 89303020FLP400008 is a delivery order under 89303018DLP000001, an indefinite delivery contract.
Was contract 89303020FLP400008 competed?
The extent of competition for 89303020FLP400008 was competed under sap.
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