Actuarial complexity level 2 new plans

Ended Awarded Last action

Contract number
16PBGC18T0016
Awardee
Awarding agency
Obligated
$2,984,848

Award facts

Contract value 84% obligated
$3,548,334.00 Current and potential, with all options
Completion date 100% complete
Current and potential, with all options
Set-aside
No set-aside
Competition
Full and Open Competition · 5 offers Multiple Award, Fair Opportunity
Pricing
Time and Materials
Place of performance
Seattle, WA 98101, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Other Administrative Action P00031 · Actuarial support services $0
Funding Only Action P00027 · DE-obligation of excess FY20 funding -$436,436
Exercise an Option P00026 · Actuarial support services $214,050
Funding Only Action P00025 · The purpose of this modification is to add funding amount to option year 4. $64,350
Other Administrative Action P00024 · Actuarial support services. $0
Supplemental Agreement for work within scope P00023 · Additional labor hours and funding for OP4. $49,150
Supplemental Agreement for work within scope P00022 · Actuarial support services $314,600
Supplemental Agreement for work within scope P00021 · Actuarial support services. Please note that this modification includes a labor hour reallocation and that the excess funding will be deobligated at a later… $1,208,469
Other Administrative Action P00020 $0
Funding Only Action P00019 -$191,401
Other Administrative Action P00018 $0
Exercise an Option P00017 $92,730
Supplemental Agreement for work within scope P00016 $0
Other Administrative Action P00015 $0
Change Order P00014 $942,337
Supplemental Agreement for work within scope P00013 $32,106
Supplemental Agreement for work within scope P00012 $45,142
Supplemental Agreement for work within scope P00011 $0
Supplemental Agreement for work within scope P00010 $0
Exercise an Option P00009 $260,245
Supplemental Agreement for work within scope P00007 $0
Supplemental Agreement for work within scope P00006 $0
Supplemental Agreement for work within scope P00005 $0
Supplemental Agreement for work within scope P00004 $0
Supplemental Agreement for work within scope P00003 $0
Supplemental Agreement for work within scope P00002 $0
Funding Only Action P00001 · Actuarial support services $289,505
Original award $100,000
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About this award

This is a federal contract award to Buck Global LLC, a for-profit limited liability company, by the Pension Benefit Guaranty Corporation (PBGC), a civilian agency. The contract provides "Actuarial Complexity Level 2 New Plans" services, which includes specialized actuarial analysis, pension plan modeling, and related consulting for PBGC. The contract has a ceiling value of $3,548,334.00 and is a delivery order issued under PBGC's Actuarial Support Services master contract. The contract is not set-aside and utilizes time-and-materials pricing. Buck Global has a history of providing various actuarial support services to PBGC, which is responsible for insuring private sector pension plans. The place of performance is primarily Buck Global's facility in New York, with some remote access to PBGC systems in Washington D.C. No major subcontractors were indicated.

Quick answers

Who was awarded contract 16PBGC18T0016?

16PBGC18T0016 was awarded to Buck Global LLC by Pension Benefit Guaranty Corporation on January 22, 2018.

How much is contract 16PBGC18T0016 worth?

The government has obligated $2,984,848 on 16PBGC18T0016. Its current value, with exercised options, is $3,548,334.

Is contract 16PBGC18T0016 an order under another contract?

Yes. 16PBGC18T0016 is a delivery order under PBGC01D170004, an indefinite delivery contract, on Actuarial Support Services.

Was contract 16PBGC18T0016 competed?

The extent of competition for 16PBGC18T0016 was full and open competition. The government received 5 offers.

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