Outside counsel support services
Ended Awarded Last action
- Contract number
- 16PBGC24D0008
- Awardee
-
Locke Lord LLP UEI L1NNXFY2M5L7
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Task orders
- 1 $0 obligated
Award facts
- Opportunity
-
- Outside Counsel Services Solicitation · 16PBGC24R0005 · Posted Feb 15, 2024
- Last date to order 100% complete
- IDV ceiling 0% used
- $125,088,000.00
- Award type
- Multiple award
- Who can order
- Only the awarding agency
- Contracting staff
- NAICS code
- 541110 Offices of Lawyers
- PSC
- R418 Support- Professional: Legal
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 9 offers Negotiated Proposal / Quote
- Pricing
- Labor Hours
Award details come from SAM.gov/FPDS.
About this IDV
The Pension Benefit Guaranty Corporation (PBGC), a civilian federal agency, awarded a Multiple-Award Indefinite Delivery Contract to Locke Lord LLP on September 21, 2024, valued at $125.1 million with an ultimate completion date of September 20, 2026. This contract was awarded without set-aside restrictions through full and open competition to provide outside counsel support services that enhance the legal capabilities of the PBGC's Office of the General Counsel. The scope encompasses a broad range of substantive legal practice areas, including litigation, corporate and commercial transactions, bankruptcy and restructuring, Employee Retirement Income Security Act (ERISA) matters, tax, real estate, securities, federal procurement, and employment and labor-management relations. The contract structure includes a one-year base period with four one-year option periods, allowing for sustained legal support across multiple fiscal years. Work is to be performed in Washington, DC, with the contract implementing Executive Order 14173 regarding merit-based opportunity.
A delivery order was issued on September 30, 2024, with a completion date of September 29, 2025, establishing a minimum guarantee provision to ensure continuity of services while de-obligating excess fiscal year 2024 funds in preparation for contract closeout. This task order represents the initial utilization of the indefinite-delivery, indefinite-quantity contract vehicle and positions Locke Lord LLP as a key strategic legal services provider to the PBGC. The pricing structure utilizes Firm Fixed Price arrangements, establishing predictable costs for the federal agency. Given the PBGC's mission administering private pension plan insurance and managing complex pension-related litigation and restructuring matters, this contract reflects the agency's need for specialized external legal expertise to supplement in-house counsel resources across multiple concurrent legal matters and practice areas.
Task orders
| Task order | Ordering agency | Obligated | Awarded |
|---|---|---|---|
| Task order for minimum gaurantee | Pension Benefit Guaranty Corporation | $0 |
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 16PBGC24D0008?
16PBGC24D0008 was awarded to Locke Lord LLP by Pension Benefit Guaranty Corporation on September 21, 2024.
How much is contract 16PBGC24D0008 worth?
Orders under 16PBGC24D0008 have obligated $0. 16PBGC24D0008's own ceiling is $125,088,000.
How many orders have been placed under contract 16PBGC24D0008?
1 order has been placed under 16PBGC24D0008, the latest on September 30, 2024.
Who can order from contract 16PBGC24D0008?
16PBGC24D0008 is a multiple award indefinite delivery contract. Only the awarding agency can place orders on it.
Is contract 16PBGC24D0008 part of a contract vehicle?
Yes. 16PBGC24D0008 is part of Outside Counsel Services.
Was contract 16PBGC24D0008 competed?
The extent of competition for 16PBGC24D0008 was full and open competition. The government received 9 offers.
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