The Pension Benefit Guaranty Corporation awarded a multiple award indefinite delivery contract to Brown Rudnick LLP and other vendors. With a potential value of $78 million, the Outside Legal Support Services IDC aims to procure specialized outside legal counsel services for the agency through September 2024.
Under the first task order issued against the contract, Brown Rudnick LLP will provide minimum order amounts for legal support from its Washington D.C. offices. Valued at $15,000, this firm fixed price delivery order is effective from April 2019 through March 2020. As the federal agency tasked with insuring pension benefits for American workers, the PBGC requires ongoing specialized counsel across various legal matters in overseeing terminated defined benefit pension plans.
No set-asides or subcontracting arrangements were designated under the initial task order. The IDC framework allows the PBGC to efficiently obtain specialized legal assistance as needed over the next five years from pre-qualified vendors via subsequent orders. Contextually, the contracted services are presumably intended to support the complex responsibilities the agency holds in guaranteeing pension benefits for millions of retirees.
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