Actuarial support service level 2
Ended Awarded Last action
- Contract number
- 16PBGC21T0012
- Awardee
-
Milliman Incorporated UEI LM8QZWD2PYU3
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $392,014
Award facts
- Opportunity
-
- 16PBGC21R0004 Solicitation number
- Contract value 91% obligated
-
- $392,014.35 Current, with exercised options
- $431,846.35 Potential, with all options
- Completion date 100% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- NAICS code
- 541612 Human Resources Consulting Services
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 5 offers Multiple Award, Fair Opportunity
- Pricing
- Time and Materials
- Place of performance
- Washington, DC 20024, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$311,619 | |
| Exercise an Option | $308,633 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | -$14,757 | |
| Exercise an Option | $227,674 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $74,371 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $107,712 |
Show all 13
About this award
The Pension Benefit Guaranty Corporation (PBGC) awarded a delivery order valued at $431,846.35 to Milliman Incorporated for Actuarial Support Service Level 2. This contract, which commenced on February 22, 2021, and is scheduled for completion by February 21, 2026, operates under a time and materials pricing structure with no set-aside designation. The work will be performed in Washington, DC, and represents a de-obligation of excess fiscal years 2022, 2023, and 2024 funds in preparation for contract closeout. This delivery order falls under the Actuarial Support Services indefinite delivery/indefinite quantity (IDIQ) master contract vehicle, which enables the PBGC to procure specialized actuarial services on an as-needed basis.
Milliman Incorporated, a subsidiary of the global actuarial and consulting firm Milliman, Inc., brings extensive expertise in pension and risk management services to this engagement. The company has maintained a strong track record with federal agencies, particularly the PBGC, IRS, and FEMA, delivering complex actuarial analyses, pension plan evaluations, and financial modeling services. As a non-small business contractor without set-aside restrictions, Milliman competed successfully in the open federal procurement process, demonstrating its competitive positioning among professional services firms specializing in actuarial support to government agencies managing retirement and insurance programs.
Quick answers
Who was awarded contract 16PBGC21T0012?
16PBGC21T0012 was awarded to Milliman Incorporated by Pension Benefit Guaranty Corporation on February 22, 2021.
How much is contract 16PBGC21T0012 worth?
The government has obligated $392,014 on 16PBGC21T0012. Its potential value, with all options, is $431,846.
Is contract 16PBGC21T0012 an order under another contract?
Yes. 16PBGC21T0012 is a delivery order under PBGC01D170004, an indefinite delivery contract, on Actuarial Support Services.
Was contract 16PBGC21T0012 competed?
The extent of competition for 16PBGC21T0012 was full and open competition. The government received 5 offers.
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