Initial award of the nrad large plan actuarial support services

Active Awarded Last action

Contract number
16PBGC24F0054
Awardee
Awarding agency
Obligated
$14,863,806

Award facts

Opportunity
  • 16PBGC24Q0023 Solicitation number
Contract value 33% obligated
  • $14,863,806.20 Current, with exercised options
  • $45,648,630.30 Potential, with all options
Completion date 46% complete
  • Current, with exercised options
  • Potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 3 offers Multiple Award, Fair Opportunity
Pricing
Labor Hours
Place of performance
Washington, DC 20024, USA

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Funding Only Action P00011 · The purpose of this modification is to increase the level of effort (LOE) for multiemployer special financial assistance (SFA) for option period 2. $2,350,750
Other Administrative Action P00010 · The purpose of this administrative modification is to establish the contract line-item number (clin) 2004 within AMS. $0
Other Administrative Action P00009 · The purpose of this modification is to DE-obligate funds from clin 2002 as well as decrease the ceiling for clin 2002 and incorporate the revised pricing… -$1,000,000
Other Administrative Action P00008 · The purpose of this administrative modification is to establish the remaining contract line-item numbers (clins) within the contract price schedule. $0
Exercise an Option P00007 · The purpose of this modification is to fully fund option period 2, for the performance period of july 01, 2026, to june 30, 2027. $4,153,041
Other Administrative Action P00006 · The purpose of this modification is to implement executive order 14173, "ending illegal discrimination and restoring merit-based opportunity." $0
Other Administrative Action P00005 · Nrad large plan actuarial support. $0
Supplemental Agreement for work within scope P00004 · Large plan actuarial support services. $0
Exercise an Option P00003 · Nrad large plan actuarial support. $4,725,298
Other Administrative Action P00002 · The purpose of this modification is to reapply the funding obligated in modification no. P00001 to clin 0003 (arpa) to correct a system issue. $646,675
Supplemental Agreement for work within scope P00001 · The purpose of this modification is to reallocate labor hours and funding between clin 0002 (non-arpa) and clin 0003 (arpa). $0
Original award $4,634,717
Show all 12

About this award

Written by GovTribe AI ·

The Pension Benefit Guaranty Corporation issued a delivery order to Bolton Partners, Inc. on July 1, 2024, with a ceiling value of $45,648,630.30 for large plan actuarial support services under the NRAD program, extending through June 30, 2029.

The order is issued under the GSA Multiple Award Schedule (MAS), which provides actuarial and data analysis support services including actuarial valuation, data clean-up, data entry support, and Multi-Employer Pension Insurance Modeling System (ME PIMS) support. This delivery order represents an increase in level of effort for multiemployer special financial assistance in option period 2. Place of performance is Washington, DC 20024. Pricing is labor-hour based.

Quick answers

Who was awarded contract 16PBGC24F0054?

16PBGC24F0054 was awarded to Bolton Partners, Inc. by Pension Benefit Guaranty Corporation on July 1, 2024.

How much is contract 16PBGC24F0054 worth?

The government has obligated $14,863,806 on 16PBGC24F0054. Its potential value, with all options, is $45,648,630.

Is contract 16PBGC24F0054 an order under another contract?

Yes. 16PBGC24F0054 is a delivery order under GS23F0019X, a federal supply schedule, on Multiple Award Schedule (MAS).

Was contract 16PBGC24F0054 competed?

The extent of competition for 16PBGC24F0054 was full and open competition. The government received 3 offers.

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