Actuarial support services
Ended Awarded Last action
- Contract number
- PBGC01D170004
- Awardee
-
Milliman Incorporated UEI LM8QZWD2PYU3
- Awarding agency
-
Pension Benefit Guaranty Corporation
- Task orders
- 20 $25,460,324 obligated
Award facts
- Opportunity
-
- PBGC01RP170002 Solicitation number
- Actuarial Support Services Award Notice · Posted Dec 7, 2016
- Actuarial Support Services Award Notice · Posted Jul 8, 2016
- Combined order value
-
- $31,185,297 Current, with exercised options
- $31,875,637 Potential, with all options
- Last date to order 100% complete
- IDV ceiling 15% used
- $173,000,000.00
- Award type
- Multiple award
- Who can order
- Only the awarding agency
- Contracting staff
- NAICS code
- 541612 Human Resources Consulting Services
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 6 offers Negotiated Proposal / Quote
- Pricing
- Order Dependent (IDV only)
- 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), a civilian federal agency, has awarded an Indefinite Delivery/Indefinite Quantity (IDIQ) master contract for Actuarial Support Services to Milliman Incorporated, a for-profit organization. The IDIQ has a ceiling value of $173,000,000 and covers a range of specialized actuarial services to support PBGC's mission of insuring private sector pension plans. Under this master contract, PBGC has issued multiple fixed-price and time-and-materials delivery orders to Milliman Incorporated and its subsidiary Buck Global, LLC for actuarial analysis, pension plan modeling, participant database assessments, and other consulting services across varying levels of complexity. The delivery orders, valued between $183,905 and $7,634,032, do not have set-aside designations and are primarily performed at the contractors' facilities in New York and Washington D.C., with some remote access to PBGC systems. These contracts enable PBGC to procure critical actuarial support services to value, analyze, and administer pension plans it has taken over from private employers.
Task orders
Show all 20
Transactions
| Action | Obligated | Date |
|---|---|---|
| Novation Agreement | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Original award | $0 |
Show all 16
Quick answers
Who was awarded contract PBGC01D170004?
PBGC01D170004 was awarded to Milliman Incorporated by Pension Benefit Guaranty Corporation on November 30, 2016.
How much is contract PBGC01D170004 worth?
Orders under PBGC01D170004 have obligated $25,460,324. Their combined current value, with exercised options, is $31,185,297. Their combined potential value, with all options, is $31,875,637. PBGC01D170004's own ceiling is $173,000,000.
How many orders have been placed under contract PBGC01D170004?
20 orders have been placed under PBGC01D170004, the latest on April 12, 2021.
Who can order from contract PBGC01D170004?
PBGC01D170004 is a multiple award indefinite delivery contract. Only the awarding agency can place orders on it.
Is contract PBGC01D170004 part of a contract vehicle?
Yes. PBGC01D170004 is part of Actuarial Support Services.
Was contract PBGC01D170004 competed?
The extent of competition for PBGC01D170004 was full and open competition. The government received 6 offers.
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