Actuarial support services level 4
Ended Awarded Last action
- Contract number
- 16PBGC21T0017
- Awardee
-
Milliman Incorporated UEI LM8QZWD2PYU3
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Obligated
- $918,874
Award facts
- Opportunity
-
- Actuarial Support Services - Next Generation Contracts Pre-Solicitation · 16PBGC21R0009 · Posted Apr 9, 2021
- Contract value 100% obligated
-
- $918,874.35 Current, with exercised options
- $918,874.91 Potential, with all options
- Completion date 100% complete
- Current and 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 · 3 offers Multiple Award, Fair Opportunity
- Pricing
- Time and Materials
- Place of performance
- Washington, DC 20005, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$189,704 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $185,290 | |
| Exercise an Option | $0 | |
| Supplemental Agreement for work within scope | $310,300 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $63,780 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | -$3,511 | |
| Exercise an Option | $279,330 | |
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $105,470 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $167,919 |
Show all 16
About this award
The Pension Benefit Guaranty Corporation (PBGC) awarded a delivery order valued at $918,874.91 to Milliman Incorporated for Actuarial Support Services Level 4. This is a Time and Materials contract under the Actuarial Support Services Indefinite Delivery/Indefinite Quantity (IDIQ) master agreement, with work to be performed in Washington, DC. The contract was awarded on April 12, 2021, with an ultimate completion date of October 11, 2025. No small business set-aside was applied to this award, indicating Milliman competed in the open market for this engagement.
The current action involves de-obligation of excess funds from fiscal years 2022 through 2025 in preparation for contract closeout. Milliman Incorporated, a global actuarial and consulting firm specializing in risk management and financial services, has been a registered federal contractor since 2001 and maintains an established relationship with the PBGC for providing specialized actuarial analysis and pension plan support services. As the PBGC's mission includes administering pension insurance programs and overseeing pension plans, Milliman's actuarial expertise directly supports the agency's core functions in analyzing and managing complex pension liabilities and plan structures across its portfolio.
Quick answers
Who was awarded contract 16PBGC21T0017?
16PBGC21T0017 was awarded to Milliman Incorporated by Pension Benefit Guaranty Corporation on April 12, 2021.
How much is contract 16PBGC21T0017 worth?
The government has obligated $918,874 on 16PBGC21T0017. Its potential value, with all options, is $918,875.
Is contract 16PBGC21T0017 an order under another contract?
Yes. 16PBGC21T0017 is a delivery order under PBGC01D170004, an indefinite delivery contract, on Actuarial Support Services.
Was contract 16PBGC21T0017 competed?
The extent of competition for 16PBGC21T0017 was full and open competition. The government received 3 offers.
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