Exercise option year 1 state street bank
Ended Awarded Last action
- Contract number
- 00002
- Awardee
-
State Street Bank And Trust Company UEI PLX5WDA6TBK3 Part of State Street Corporation
- Awarding agency
-
Government National Mortgage Association
Department of Housing and Urban Development
- Obligated
- $2,243,316
Award facts
- Contract value 100% obligated
- $2,243,316.42 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- NAICS code
- 523930 Investment Advice
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
- Place of performance
- Boston, MA 02111, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | $0 | |
| Funding Only Action | -$2,036 | |
| Funding Only Action | -$41,414 | |
| Original award | $2,286,766 |
About this award
The Government National Mortgage Association (Ginnie Mae) awarded a delivery order to State Street Bank and Trust Company, a subsidiary of Boston-based State Street Corporation, for Exercise Option Year 1 of the Global Investor Advisor Services contract. This firm fixed-price delivery order, valued at approximately $2.24 million, was awarded on January 20, 2017, with an ultimate completion date of March 19, 2025. The contract was awarded without a set-aside designation through full and open competition, reflecting the competitive procurement process utilized by the agency.
State Street Global Advisors will deliver specialized investor advisory services in support of Ginnie Mae's operations from the Boston, Massachusetts location. State Street Corporation, a prominent financial services firm with significant federal contracting experience, has demonstrated expertise in providing sophisticated financial services to government entities, including investment management, asset servicing, and advisory capabilities. The parent company has secured multiple substantial contracts with federal agencies, including significant custody and payment agent services for the Pension Benefit Guaranty Corporation, positioning State Street as an established provider of specialized financial services to U.S. government agencies.
Quick answers
Who was awarded contract 00002?
00002 was awarded to State Street Bank And Trust Company by Government National Mortgage Association (Department of Housing and Urban Development) on January 20, 2017.
How much is contract 00002 worth?
The government has obligated $2,243,316 on 00002.
Is contract 00002 an order under another contract?
Yes. 00002 is a delivery order under DU100G16D01, an indefinite delivery contract.
Was contract 00002 competed?
The extent of competition for 00002 was full and open competition.
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