Ccrd internal assessment controls services
Ended Awarded Last action
- Contract number
- 16PBGC23A0007
- Awardee
-
Castro & Company, LLC UEI CVK4HL3P5D54
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Task orders
- 2 $4,867,632 obligated
Award facts
- Opportunity
-
- 16PBGC23Q0049 Solicitation number
- Combined order value
-
- $4,867,632 Current, with exercised options
- $6,786,972 Potential, with all options
- Last date to order 100% complete
- IDV ceiling 92% used
- $5,299,978.38
- Award type
- Single award
- Who can order
- Only the awarding agency
- Contracting staff
- NAICS code
- 541219 Other Accounting Services
- PSC
- R704 Support- Management: Auditing
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 1 offer Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
About this IDV
The Pension Benefit Guaranty Corporation (PBGC) established a single-award Blanket Purchase Agreement with Castro & Company, LLC, a minority-owned, Hispanic American-owned small business based in Alexandria, Virginia, to provide internal assessment controls services. Awarded on September 30, 2023, with an ultimate completion date of September 29, 2026, the BPA carries a ceiling value of approximately $5.3 million and operates under the General Services Administration Multiple Award Schedule (MAS). The contract implements Executive Order 14173 regarding merit-based opportunity and leverages Castro & Company's expertise in accounting, auditing, and financial advisory services across federal agencies. Work is performed in Washington, DC, with the contractor drawing upon its established capabilities in internal control assessments, financial statement audits, and compliance reviews to support the PBGC's financial oversight and operational integrity objectives.
Two task orders have been issued under this BPA vehicle. The initial task order, awarded September 27, 2023, for $849,305 under firm fixed-price terms, covers Internal Controls Assessment Services and CCRD PIIA Assessment Controls Services with completion scheduled for September 26, 2024. A subsequent modification issued May 16, 2024, adjusted funding to approximately $4.0 million under a labor-hour pricing structure, extending the ultimate completion date to May 15, 2029, and de-obligating excess funds to align obligations with actual service delivery requirements. Both task orders represent calls against Castro & Company's GSA MAS contract vehicle and reflect the PBGC's sustained need for specialized internal control assessment expertise to ensure compliance with federal financial management standards and pension benefit administration requirements.
Task orders
| Task order | Ordering agency | Obligated | Awarded |
|---|---|---|---|
| Internal assessment controls services | Pension Benefit Guaranty Corporation | $4,018,327 | |
| Internal controls assessment services | Pension Benefit Guaranty Corporation | $849,305 |
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 16PBGC23A0007?
16PBGC23A0007 was awarded to Castro & Company, LLC by Pension Benefit Guaranty Corporation on September 30, 2023.
How much is contract 16PBGC23A0007 worth?
Orders under 16PBGC23A0007 have obligated $4,867,632. Their combined potential value, with all options, is $6,786,972. 16PBGC23A0007's own ceiling is $5,299,978.
How many orders have been placed under contract 16PBGC23A0007?
2 orders have been placed under 16PBGC23A0007, the latest on May 16, 2024.
Who can order from contract 16PBGC23A0007?
16PBGC23A0007 is a single award blanket purchase agreement. Only the awarding agency can place orders on it.
Is contract 16PBGC23A0007 under another contract?
Yes. 16PBGC23A0007 is a blanket purchase agreement under GS23F0038U, a federal supply schedule, on Multiple Award Schedule (MAS).
Was contract 16PBGC23A0007 competed?
The extent of competition for 16PBGC23A0007 was full and open competition. The government received 1 offer.
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