16PBGC-22-R-0006 - IRMS - Final.pdf

SOLICITATION, OFFER AND AWARD 1. THIS CONTRACT IS A RATED

ORDER UNDER DPAS (15 CFR 7900)

RATING

PAGE OF

PAGES

2. CONTRACT NUMBER 3. SOLICITATION NUMBER 4. TYPE OF SOLICITATION 5. DATE ISSUED 6. REQUISITION/PURCHASE NUMBER

16PBGC22R0006 SEALED BID (IFB)

NEGOTIATED (RFP)

RQ-23-22-000099

RQ-23-22-000099

7. ISSUED BY CODE PD 8. ADDRESS OFFER TO (If other than Item 7)

PENSION BENEFIT GUARANTY CORP

PROCUREMENT DEPARTMENT

1200 K ST NW

WASHINGTON DC 20005-4026

NOTE: In sealed bid solicitations "offer" and "offeror" mean "bid" and "bidder".

SOLICITATION

9. Sealed offers in original and 1 copies for furnishing the supplies or services in the Schedule will be received at the place specified in Item 8, or if handcarried, in the depository located in until 10:00

AM HT

local time JUN 06, (Hour) (Date)

CAUTION - LATE Submissions, Modifications, and Withdrawls: See Section L, Provision No. 52.214-7 or 52.215-1. All offers are subject to all terms and conditions contained in this solicitation.

B. TELEPHONE (NO COLLECT CALLS)10. FOR

INFORMATION CALL

A. NAME

Rudy Baldus AREA CODE NUMBER

EXTENSION

C. E-MAIL ADDRESS

11. TABLE OF CONTENTS

(X) SEC. DESCRIPTION PAGE(S) (X) SEC. DESCRIPTION PAGE(S)

PART 1 - THE SCHEDULE PART II - CONTRACT CLAUSES

X A SOLICITATION/CONTRACT FORM 1 - 1 X I CONTRACT CLAUSES 48 - 75

X B SUPPLIES OR SERVICES AND PRICES/COSTS 2 - 13 PART III - LIST OF DOCUMENTS, EXHIBITS AND OTHER ATTACH.

X C DESCRIPTION/SPECS./WORK STATEMENT 14 - 34 X J LIST OF ATTACHMENTS 76 - 94

X D PACKAGING AND MARKING 35 - 35 PART IV - REPRESENTATIONS AND INSTRUCTIONS

X E INSPECTION AND ACCEPTANCE 36 - 36 X K REPRESENTATIONS, CERTIFICATIONS AND OTHER 95 - 105

X F DELIVERIES OR PERFORMANCE 37 - 38 STATEMENTS OF OFFERORS

X G CONTRACT ADMINISTRATION DATA 39 - 40 X L INSTRUCTIONS, CONDITIONS, AND NOTICES TO OFFERORS 106 - 122

X H SPECIAL CONTRACT REQUIREMENTS 41 - 47 X M EVALUATION FACTORS FOR AWARD 123 - 132

OFFER (Must be fully completed by offeror) NOTE: Item 12 does not apply if the solicitation includes the provisions at 52.214-16, Minimum Bid Acceptance Period.

12. In compliance with the above, the undersigned agrees, if this offer is accepted within calendar days (60 calendar days unless a different period is inserted by the offeror) from the date for receipt of offers specified above, to furnish any or all items upon which prices are offered at the set opposite each item, delivered at the designated point(s), within the time specified in the schedule.

13. DISCOUNT FOR PROMPT PAYMENT

(See Section I, Clause No. 52.232-8)

10 CALENDAR DAYS (%) 20 CALENDAR DAYS (%) 30 CALENDAR DAYS (%) CALENDAR DAYS (%)

14. ACKNOWLEDGMENT OF AMENDMENTS AMENDMENT NO. DATE AMENDMENT NO. DATE

(The offeror acknowledges receipt of amendments to the SOLICITATION for offerors and related documents numbered and dated):

CODE FACILITY 16. NAME AND TITLE OF PERSON AUTHORIZED TO SIGN OFFER

15A. NAME AND

ADDRESS OF

OFFEROR

(Type or print)

15B. TELEPHONE NUMBER 15C. CHECK IF REMITTANCE ADDRESS IS DIFFERENT

AREA CODE NUMBER

EXTENSION FROM ABOVE - ENTER SUCH ADDRESS IN SCHEDULE.

17. SIGNATURE 18. OFFER DATE

AWARD (To be completed by Government)

19. ACCEPTED AS TO ITEMS NUMBERED 20. AMOUNT 21. ACCOUNTING AND APPROPRIATION

22. AUTHORITY FOR USING OTHER THAN FULL AND OPEN COMPETITION:

10 U.S.C. 2304(c) 41 U.S.C. 3304(a) ( )

23. SUBMIT INVOICES TO ADDRESS SHOWN IN

(4 copies unless otherwise specified)

ITEM

24. ADMINISTERED BY (If other than Item 7) 25. PAYMENT WILL BE MADE BY CODE

26. NAME OF CONTRACTING OFFICER(Type or print) 27. UNITED STATES OF AMERICA 28. AWARD DATE

(Signature of Contracting Officer)

IMPORTANT - Award will be made on this Form, or on Standard Form 26, or by other authorized official written notice.

AUTHORIZED FOR LOCAL REPRODUCTION

Previous edition is unusable

STANDARD FORM 33 (REV. 6/2014)

Prescribed by GSA - FAR (48 CFR) 53.214(c)

PAGE 1 OF 132 16PBGC22R0006

SCHEDULE Continued

ITEM NO. SUPPLIES/SERVICES QUANTITY UNIT UNIT PRICE AMOUNT

The items below are used for PBGC internal funding purposes only. The official Contract Line Item Number (CLIN) schedule follows in Section B.

0001 The contractor shall provide an IRMS solution that meets the requirements in the attached statement of work.

PR NUMBER: RQ-23-22-000099

SHIP TO:

PENSION BENEFIT GUARANTY CORP

FINANCIAL OPERATIONS DEPARTMENT

1200 K ST NW, SUITE 620

WASHINGTON DC 20005-4026

FOB : Destination

0.00 EA

PAGE 2 OF 132 16PBGC22R0006

Table of Contents

SECTION B SUPPLIES OR SERVICES AND PRICES/COSTS

B.1 Pricing Schedule

B.2 52.222-54EMPLOYMENT ELIGIBILITY VERIFICATION (NOV 2021)

B.3 52.222-55MINIMUM WAGES FOR CONTRACTOR WORKERS UNDER EXECUTIVE ORDER 14026. (JAN 2022)

SECTION C DESCRIPTION/SPECIFICATIONS/WORK STATEMENT

C.1 Statement of Work

SECTION D PACKAGING AND MARKING

D.1 PBGC 52.247-7000 PACKAGING AND MARKING (JAN 2012)

SECTION E INSPECTION AND ACCEPTANCE

E.1 PBGC 52.246-7000 INSPECTION AND ACCEPTANCE OF DELIVERABLES (JAN 2012)

SECTION F DELIVERIES OR PERFORMANCE

F.1 Deliveries or Performance

F.2 PBGC 52.237-7004 TRAINING (MAR 2016)

F.3 PBGC 52.242-7000 POSTAWARD CONFERENCE (SEP 2020)

SECTION G CONTRACT ADMINISTRATION DATA

G.1 PBGC 52.201-7000 CONTRACTING OFFICER'S REPRESENTATIVE (JAN 2012)

G.2 PBGC 52.232-7000 SUBMISSION OF INVOICES (FIXED-PRICE) (SEPT 2017)

G.3 PBGC 52.237-7008 OBSERVANCE OF LEGAL HOLIDAYS (OCT 2018)

SECTION H SPECIAL CONTRACT REQUIREMENTS

H.1 PBGC 52.204-7000 RECORDS MANAGEMENT (SEP 2017)

H.2 PBGC 52.209-7001 ORGANIZATIONAL CONFLICTS OF INTEREST (AUG 2017)

H.3 PBGC 52.209-7002 HANDLING PBGC DATA (MAY 2017)

H.4 PBGC 52.215-7001 METHOD OF AWARD (OCT 2004)

H.5 PBGC 52.237-7005 INFORMATION SECURITY TRAINING (MAR 2020)

H.6 PBGC 52.239-7000 SECTION 508 ACCESSIBILITY STANDARDS (MAR 2020)

H.7 PBGC 52.242-7000 POSTAWARD CONFERENCE (SEP 2020)

SECTION I CONTRACT CLAUSES

I.1 52.202-1DEFINITIONS (JUN 2020)

I.2 52.203-3 GRATUITIES (APR 1984)

I.3 52.203-5 COVENANT AGAINST CONTINGENT FEES (MAY 2014)

I.4 52.203-6RESTRICTIONS ON SUBCONTRACTOR SALES TO THE GOVERNMENT (JUN 2020)

I.5 52.203-7ANTI-KICKBACK PROCEDURES (JUN 2020)

I.6 52.203-11 CERTIFICATION AND DISCLOSURE REGARDING PAYMENTS TO INFLUENCE CERTAIN FEDERAL

TRANSACTIONS (SEP 2007)

I.7 52.203-12LIMITATION ON PAYMENTS TO INFLUENCE CERTAIN FEDERAL TRANSACTIONS (JUN 2020)

I.8 52.203-13CONTRACTOR CODE OF BUSINESS ETHICS AND CONDUCT (NOV 2021)

I.9 52.204-9 PERSONAL IDENTITY VERIFICATION OF CONTRACTOR PERSONNEL (JAN 2011)

I.10 52.204-10REPORTING EXECUTIVE COMPENSATION AND FIRST-TIER SUBCONTRACT AWARDS (JUN 2020)

I.11 52.204-13SYSTEM FOR AWARD MANAGEMENT MAINTENANCE (OCT 2018)

I.12 52.204-14 SERVICE CONTRACT REPORTING REQUIREMENTS (OCT 2016)

I.13 52.204-19 INCORPORATION BY REFERENCE OF REPRESENTATIONS AND CERTIFICATIONS (DEC 2014)

I.14 52.204-25PROHIBITION ON CONTRACTING FOR CERTAIN TELECOMMUNICATIONS AND VIDEO SURVEILLANCE

SERVICES OR EQUIPMENT (NOV 2021)

PAGE 3 OF 132 16PBGC22R0006

I.15 52.209-6PROTECTING THE GOVERNMENT`S INTEREST WHEN SUBCONTRACTING WITH CONTRACTORS DEBARRED, SUSPENDED, OR PROPOSED FOR DEBARMENT (NOV 2021)

I.16 52.212-4CONTRACT TERMS AND CONDITIONS--COMMERCIAL PRODUCTS AND COMMERCIAL SERVICES (NOV 2021) 48

I.17 52.215-8 ORDER OF PRECEDENCE--UNIFORM CONTRACT FORMAT (OCT 1997)

I.18 52.219-4NOTICE OF PRICE EVALUATION PREFERENCE FOR HUBZONE SMALL BUSINESS CONCERNS (SEP 2021). 48

I.19 52.219-8 UTILIZATION OF SMALL BUSINESS CONCERNS (OCT 2018)

I.20 52.219-28POST-AWARD SMALL BUSINESS PROGRAM REREPRESENTATION (SEP 2021)

I.21 52.222-3 CONVICT LABOR (JUN 2003)

I.22 52.222-21 PROHIBITION OF SEGREGATED FACILITIES (APR 2015)

I.23 52.222-35EQUAL OPPORTUNITY FOR VETERANS. (JUN 2020)

I.24 52.222-36EQUAL OPPORTUNITY FOR WORKERS WITH DISABILITIES (JUN 2020)

I.25 52.222-37EMPLOYMENT REPORTS ON VETERANS (JUN 2020)

I.26 52.222-40 NOTIFICATION OF EMPLOYEE RIGHTS UNDER THE NATIONAL LABOR RELATIONS ACT (DEC 2010). 49

I.27 52.222-50COMBATING TRAFFICKING IN PERSONS (NOV 2021)

I.28 52.223-18ENCOURAGING CONTRACTOR POLICIES TO BAN TEXT MESSAGING WHILE DRIVING (JUN 2020)

I.29 52.223-22 PUBLIC DISCLOSURE OF GREENHOUSE GAS EMISSIONS AND REDUCTION GOALS--REPRESENTATION

(DEC 2016)

I.30 52.225-13RESTRICTIONS ON CERTAIN FOREIGN PURCHASES (NOV 2021)

I.31 52.229-3 FEDERAL, STATE, AND LOCAL TAXES (FEB 2013)

I.32 52.232-9 LIMITATION ON WITHHOLDING OF PAYMENTS (APR 1984)

I.33 52.232-33 PAYMENT BY ELECTRONIC FUNDS TRANSFER--SYSTEM FOR AWARD MANAGEMENT (OCT 2018)

I.34 52.232-34 PAYMENT BY ELECTRONIC FUNDS TRANSFER--OTHER THAN SYSTEM FOR AWARD MANAGEMENT (MAY

1999)

I.35 52.242-13 BANKRUPTCY (JUL 1995)

I.36 52.244-2SUBCONTRACTS (JUN 2020)

I.37 52.244-6SUBCONTRACTS FOR COMMERCIAL PRODUCTS AND COMMERCIAL SERVICES (JAN 2022)

I.38 52.245-1GOVERNMENT PROPERTY (SEP 2021)

I.39 52.245-9 USE AND CHARGES (APR 2012)

I.40 52.204-4 PRINTED OR COPIED DOUBLE-SIDED ON POSTCONSUMER FIBER CONTENT PAPER (MAY 2011)

I.41 52.204-7 SYSTEM FOR AWARD MANAGEMENT (OCT 2018)

I.42 52.204-16COMMERCIAL AND GOVERNMENT ENTITY CODE REPORTING (AUG 2020)

I.43 52.204-17OWNERSHIP OR CONTROL OF OFFEROR (AUG 2020)

I.44 52.204-18COMMERCIAL AND GOVERNMENT ENTITY CODE MAINTENANCE (AUG 2020)

I.45 52.204-21BASIC SAFEGUARDING OF COVERED CONTRACTOR INFORMATION SYSTEMS (NOV 2021)

I.46 52.204-24REPRESENTATION REGARDING CERTAIN TELECOMMUNICATIONS AND VIDEO SURVEILLANCE SERVICES OR

EQUIPMENT (NOV 2021)

I.47 52.204-26COVERED TELECOMMUNICATIONS EQUIPMENT OR SERVICES--REPRESENTATION (OCT 2020)

I.48 52.209-7 INFORMATION REGARDING RESPONSIBILITY MATTERS (OCT 2018)

I.49 52.209-9 UPDATES OF PUBLICLY AVAILABLE INFORMATION REGARDING RESPONSIBILITY MATTERS (OCT 2018) 56

I.50 52.209-10 PROHIBITION ON CONTRACTING WITH INVERTED DOMESTIC CORPORATIONS (NOV 2015)

I.51 52.212-5CONTRACT TERMS AND CONDITIONS REQUIRED TO IMPLEMENT STATUTES OR EXECUTIVE ORDERS--

COMMERCIAL PRODUCTS AND COMMERCIAL SERVICES (MAY 2022)

I.52 52.215-1INSTRUCTIONS TO OFFERORS--COMPETITIVE ACQUISITION (NOV 2021)

I.53 52.215-19 NOTIFICATION OF OWNERSHIP CHANGES (OCT 1997)

I.54 52.217-2 CANCELLATION UNDER MULTI-YEAR CONTRACTS (OCT 1997)

I.55 52.217-5 EVALUATION OF OPTIONS (JUL 1990)

I.56 52.217-8 OPTION TO EXTEND SERVICES (NOV 1999)

I.57 52.217-9 OPTION TO EXTEND THE TERM OF THE CONTRACT (MAR 2000)

I.58 52.222-22 PREVIOUS CONTRACTS AND COMPLIANCE REPORTS (FEB 1999)

I.59 52.222-24 PREAWARD ON-SITE EQUAL OPPORTUNITY COMPLIANCE EVALUATION (FEB 1999)

PAGE 4 OF 132 16PBGC22R0006

I.60 52.222-25 AFFIRMATIVE ACTION COMPLIANCE (APR 1984)

I.61 52.222-26 EQUAL OPPORTUNITY (SEPT 2016)

I.62 52.224-1 PRIVACY ACT NOTIFICATION (APR 1984)

I.63 52.224-2 PRIVACY ACT (APR 1984)

I.64 52.224-3 PRIVACY TRAINING (JAN 2017)

I.65 52.227-14 RIGHTS IN DATA--GENERAL (MAY 2014)

I.66 52.232-39 UNENFORCEABILITY OF UNAUTHORIZED OBLIGATIONS (JUNE 2013)

I.67 52.233-1 DISPUTES (MAY 2014)

I.68 52.233-2 SERVICE OF PROTEST (SEP 2006)

I.69 52.233-3 PROTEST AFTER AWARD (AUG 1996)

I.70 52.233-4 APPLICABLE LAW FOR BREACH OF CONTRACT CLAIM (OCT 2004)

I.71 52.239-1 PRIVACY OR SECURITY SAFEGUARDS (AUG 1996)

I.72 52.249-1 TERMINATION FOR CONVENIENCE OF THE GOVERNMENT (FIXED-PRICE) (SHORT FORM) (APR 1984). 74

I.73 52.252-1 SOLICITATION PROVISIONS INCORPORATED BY REFERENCE (FEB 1998)

I.74 52.252-2 CLAUSES INCORPORATED BY REFERENCE (FEB 1998)

I.75 52.252-5AUTHORIZED DEVIATIONS IN PROVISIONS (NOV 2020)

I.76 PBGC 52.239-7000 SECTION 508 ACCESSIBILITY STANDARDS (MAR 2020)

SECTION J LIST OF ATTACHMENTS

J.1 Attachment A

J.2 Attachment B

J.3 Attachment C

J.4 Attachment D (Separate Excel Attachment)

SECTION K REPRESENTATIONS, CERTIFICATIONS AND OTHER STATEMENTS OF OFFERORS

K.1 52.204-19 INCORPORATION BY REFERENCE OF REPRESENTATIONS AND CERTIFICATIONS (DEC 2014)

K.2 52.225-25PROHIBITION ON CONTRACTING WITH ENTITIES ENGAGING IN CERTAIN ACTIVITIES OR TRANSACTIONS

RELATING TO IRAN--REPRESENTATION AND CERTIFICATIONS (JUN 2020)

K.3 52.209-7 INFORMATION REGARDING RESPONSIBILITY MATTERS (OCT 2018)

K.4 52.212-3OFFEROR REPRESENTATIONS AND CERTIFICATIONS--COMMERCIAL PRODUCTS AND COMMERCIAL SERVICES

(NOV 2021)

SECTION L INSTRUCTIONS, CONDITIONS, AND NOTICES TO OFFERORS

L.1 Section L: Instructions to Offerors

L.2 52.204-6 UNIQUE ENTITY IDENTIFIER (OCT 2016)

L.3 52.204-22 ALTERNATIVE LINE ITEM PROPOSAL (JAN 2017)

L.4 52.212-1INSTRUCTIONS TO OFFERORS--COMMERCIAL PRODUCTS AND COMMERCIAL SERVICES (NOV 2021)...117

L.5 52.215-1INSTRUCTIONS TO OFFERORS--COMPETITIVE ACQUISITION (NOV 2021)

L.6 PBGC 52.215-7006 PROPOSAL REVISIONS (OCT 2004)

SECTION M EVALUATION FACTORS FOR AWARD

M.1 Section M Evaluation Factors For Award

M.2 52.212-2EVALUATION--COMMERCIAL PRODUCTS AND COMMERCIAL SERVICES (NOV 2021)

M.3 52.217-5 EVALUATION OF OPTIONS (JUL 1990)

M.4 PBGC 52.215-7009 REFERENCE AND EVALUATION (OCT 2004)

PAGE 5 OF 132 16PBGC22R0006

SECTION B

SUPPLIES OR SERVICES AND PRICES/COSTS

B.1 Pricing Schedule

PAGE 6 OF 132 16PBGC22R0006

SECTION B - PRICING SCHEDULE

B.1 NOTICE TO OFFERORS

The Pension Benefit Guaranty Corporation (“PBGC” or the “Corporation”) contemplates issuance of a Firm Fixed Price (FFP) Contract for services in support of the Investment Risk Management System (IRMS) for the Corporate Investments Department (CID).

B.2 DESCRIPTION OF SERVICES

The Contractor shall provide the personnel and services necessary to perform the effort described within Statement of Work (SOW).

Offerors shall provide prices for the base year and option years for CLIN 0001, Investment Risk Management System, CLIN 0002, Pass-through Data Costs, and CLIN 0003, Security Compliance, as set forth below. PBGC has provided pricing assumptions in the solicitation’s Section L. These assumptions should be used by the Offerors in calculating pricing. CLIN 0001, Investment Risk Management system has two pricing schedules (flat Price and asset-based Price) and two reporting frequencies (monthly and daily). Offerors shall provide pricing for one of the listed pricing schedules and proposed invoicing frequency.

The Offeror’s total annual price per year of the contract as well as annual price per service will be used for price evaluation purposes only. Offerors are required to provide a fixed rate for each optional service listed in Section B of the contract. The Offeror’s proposed fixed rate for the optional services shall be incorporated into the final contract upon award. Please note that the pricing assumptions (e.g., total market value of assets) provided by PBGC in this solicitation are not necessarily indicative of the work the Offerors can expect to receive on an annual basis under this contract. Additionally, the exact dates for the Period of Performance will be determined at time of award.

Offerors are required to fill out the attached Excel File “Attachment D Pricing Schedule Fill-in Sheet” and return with their offer in Volume 3. B.3 pricing below is applied to all option years with exception to CLIN 0003, this CLIN is only for Implementation.

B.3 PRICING

Contract Type: Firm Fixed Price CLINs 0001-CLIN 0009 – Investment Risk Management System

Investment Risk Management System in accordance with the SOW. (Offerors shall select a minimum of one Price structure and provide Prices for the selected Price structure).

Option A. Base Price plus Per User Price – Operational Phase* Annual Price expressed in US Dollars PBGC Estimated Number of Users: 20

Reporting Frequency Monthly Daily Base Price Per User Price

PAGE 7 OF 132 16PBGC22R0006

Estimated Total Annual Price

Option B. Asset Based Price (ABF)* expressed as a percentage of assets assigned to the Offeror for risk analysis.

Monthly Reporting Frequency Annual Price in % _____, on first _____ billion NAV (in dollars) in assets.

Annual Price in % _____, on next _____ billion NAV (in dollars) in assets.

Annual Price in % _____, on next _____ billion NAV (in dollars) in assets.

Annual Price in % _____, on the balance.

Daily Reporting Frequency Annual Price in % _____, on first _____ billion NAV (in dollars) in assets.

Annual Price in % _____, on next _____ billion NAV (in dollars) in assets.

Annual Price in % _____, on next _____ billion NAV (in dollars) in assets.

Annual Price in % _____, on the balance.

C. Base Price plus Per Mandate/Per Asset Price – Operational Phase* Annual Price expressed in US Dollars PBGC Estimated Number of Mandates: 60 PBGC Estimated Number of Assets (e.g., CUSIPs): 10,000

Reporting Frequency Monthly Daily Base Price Per Mandate Price Per Asset Price Estimated Total Annual Price

Contract Type: Firm Fixed Price Optional CLIN 0002 - Market and Constituent Level Data

Offerors shall provide estimated pass-through costs associated with constituent-level index data and other data required for the performance of the services required by the contract. PBGC may elect to add or remove data providers as needed. Offerors shall provide the following information: (1) vendors whose data is provided as part of the IRMS without additional charge to PBGC and with no license required between the vendor and PBGC; (2) vendors whose data is available in the IRMS with a pass-through Price but with no license required between the vendor and PBGC; (3) vendors whose data is available in the IRMS only if PBGC executes a license with the vendor. A sample table is provided below.

Vendor Reporting Frequency

Price for use in the risk

Price for Summary

(Optional) Price for

(Optional) Price for

Pass-thru

Vendor requires

PAGE 8 OF 132 16PBGC22R0006

analytics platform or Sector Level Use

Constituent Level Use

Downstream Level Use available (Y/N) license with

PBGC

Fixed Income – Security Indicative Data, Pricing Data Vendor name Daily

Monthly

Fixed Income Structuring Files – CMO, ABS, CMBS

Monthly Fixed Income - Ratings

Vendor name Daily Monthly

Fixed Income – Index Providers Vendor name Daily

Monthly Public Equity – Security Indicative, Pricing, Models, Industry Classification

Vendor name Daily Monthly

Public Equity Index Providers Vendor name Daily

Monthly Fixed Income and Public Equity – Index Provider

Vendor name Daily Monthly

Private Markets Vendor name Daily

Monthly Environmental, Social and Governance (ESG) Data

Monthly

The Prices for Market and Constituent Level Data (CLINs 0002, 1002, 2002, 3002, 4002, 5002, 6002, 7002, 8002, and 9002) are at annualized rates. These Prices may be calculated and payable on a quarterly, semi-annual, or annual basis. Differentiated treatment by data provider is acceptable. However, PBGC prefers these Prices be calculated and payable on a quarterly basis. The quarterly Price will be based on an average of the month end values within the quarter.

Firm Fixed Price CLIN 0003 - System Implementation, Security Compliance / Authorization to Operate

Offerors shall provide a firm fixed price for system implementation, as well as security compliance / achieving and maintaining an Authorization to Operate (ATO) in accordance with the SOW.

A. System Implementation - One-time Price expressed in US Dollars*

Estimated Price: $__________

B. Security Compliance / ATO - Price expressed in US Dollars

PAGE 9 OF 132 16PBGC22R0006

Estimated Price: $__________

B.4 Period of Performance

Base Period: September 28, 2022 – September 27, 2023 (Estimated) Option Period 1: September 28, 2023 – September 27, 2024 (Estimated) Option Period 2: September 28, 2024 – September 27, 2025 (Estimated) Option Period 3: September 28, 2025 – September 27, 2026 (Estimated) Option Period 4: September 28, 2026 – September 27, 2027 (Estimated) Option Period 5: September 28, 2027 – September 27, 2028 (Estimated) Option Period 6: September 28, 2028 – September 27, 2029 (Estimated) Option Period 7: September 28, 2029 – September 27, 2030 (Estimated) Option Period 8: September 28, 2030 – September 27, 2031 (Estimated) Option Period 9: September 28, 2031 – September 27, 2032 (Estimated)

B.2 52.222-54 EMPLOYMENT ELIGIBILITY VERIFICATION (NOV 2021)

(a) Definitions. As used in this clause-- "Commercially available off-the-shelf (COTS) item"--

(1) Means any item of supply that is--

(i) A commercial product (as defined in paragraph (1) of the definition of "commercial product" at Federal Acquisition Regulation (FAR) 2.101);

(ii) Sold in substantial quantities in the commercial marketplace; and

(iii) Offered to the Government, without modification, in the same form in which it is sold in the commercial marketplace; and

(2) Does not include bulk cargo, as defined in 46 U.S.C. 40102(4), such as agricultural products and petroleum products. Per 46 CFR 525.1 (c)(2), "bulk cargo" means cargo that is loaded and carried in bulk onboard ship without mark or count, in a loose unpackaged form, having homogenous characteristics. Bulk cargo loaded into intermodal equipment, except LASH or Seabee barges, is subject to mark and count and, therefore, ceases to be bulk cargo.

"Employee assigned to the contract" means an employee who was hired after November 6, 1986 (after November 27, 2009, in the Commonwealth of the Northern Mariana Islands), who is directly performing work, in the United States, under a contract that is required to include the clause prescribed at 22.1803. An employee is not considered to be directly performing work under a contract if the employee--

(1) Normally performs support work, such as indirect or overhead functions; and

(2) Does not perform any substantial duties applicable to the contract.

"Subcontract" means any contract, as defined in 2.101, entered into by a subcontractor to furnish supplies or services for performance of a prime contract or a subcontract. It includes but is not limited to purchase orders, and changes and modifications to purchase orders.

"Subcontractor" means any supplier, distributor, vendor, or firm that furnishes supplies or services to or for a prime Contractor or another subcontractor.

"United States", as defined in 8 U.S.C. 1101(a)(38), means the 50 States, the District of Columbia, Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, and the U.S. Virgin Islands.

(b) Enrollment and verification requirements.

(1) If the Contractor is not enrolled as a Federal Contractor in E-Verify at time of contract award, the Contractor shall--

(i) Enroll. Enroll as a Federal Contractor in the E-Verify program within 30 calendar days of contract award;

(ii) Verify all new employees. Within 90 calendar days of enrollment in the E-Verify program, begin to use E-Verify to initiate verification of employment eligibility of all new hires of the Contractor, who are working in the United States, whether or not assigned to the contract, within 3 business days after the date of hire (but see paragraph (b)(3) of this section); and

(iii) Verify employees assigned to the contract. For each employee assigned to the contract, initiate verification within 90 calendar days after date of enrollment or within 30 calendar days of the employee`s assignment to the contract, whichever date is later (but see paragraph (b)(4) of this section).

(2) If the Contractor is enrolled as a Federal Contractor in E-Verify at time of contract award, the Contractor shall use E-Verify to initiate verification of employment eligibility of--

(i) All new employees.

(A) Enrolled 90 calendar days or more. The Contractor shall initiate verification of all new hires of the Contractor, who are working in the United States, whether or not assigned to the contract, within 3 business days after the date of hire (but see paragraph (b)(3) of this section);

or

(B) Enrolled less than 90 calendar days. Within 90 calendar days after enrollment as a Federal Contractor in E-Verify, the Contractor shall initiate verification of all new hires of the Contractor, who are working in the United States, whether or not assigned to the contract, within 3 business days after the date of hire (but see paragraph (b)(3) of this section); or

(ii) Employees assigned to the contract. For each employee assigned to the contract, the Contractor shall initiate verification within 90 calendar days after date of contract award or within 30 days after assignment to the contract, whichever date is later (but see paragraph (b)(4) of this section).

(3) If the Contractor is an institution of higher education (as defined at 20 U.S.C. 1001(a));

a State or local government or the government of a Federally recognized Indian tribe; or a surety performing under a takeover agreement entered into with a Federal agency pursuant to a performance bond, the Contractor may choose to verify only employees assigned to the contract, whether existing employees or new hires. The Contractor shall follow the applicable verification requirements at (b)

(1) or (b)(2) respectively, except that any requirement for verification of new employees applies only to new employees assigned to the contract.

PAGE 10 OF 132 16PBGC22R0006

(4) Option to verify employment eligibility of all employees. The Contractor may elect to verify all existing employees hired after November 6, 1986 (after November 27, 2009, in the Commonwealth of the Northern Mariana Islands), rather than just those employees assigned to the contract. The Contractor shall initiate verification for each existing employee working in the United States who was hired after November 6, 1986 (after November 27, 2009, in the Commonwealth of the Northern Mariana Islands), within 180 calendar days of--

(i) Enrollment in the E-Verify program; or

(ii) Notification to E-Verify Operations of the Contractor`s decision to exercise this option, using the contact information provided in the E-Verify program Memorandum of Understanding (MOU).

(5) The Contractor shall comply, for the period of performance of this contract, with the requirements of the E-Verify program MOU.

(i) The Department of Homeland Security (DHS) or the Social Security Administration (SSA) may terminate the Contractor`s MOU and deny access to the E-Verify system in accordance with the terms of the MOU. In such case, the Contractor will be referred to a suspension or debarment official.

(ii) During the period between termination of the MOU and a decision by the suspension or debarment official whether to suspend or debar, the Contractor is excused from its obligations under paragraph (b) of this clause. If the suspension or debarment official determines not to suspend or debar the Contractor, then the Contractor must reenroll in E-Verify.

(c) Web site. Information on registration for and use of the E-Verify program can be obtained via the Internet at the Department of Homeland Security Web site: http://www.dhs.gov/E-Verify.

(d) Individuals previously verified. The Contractor is not required by this clause to perform additional employment verification using E-Verify for any employee--

(1) Whose employment eligibility was previously verified by the Contractor through the E-Verify program;

(2) Who has been granted and holds an active U.S. Government security clearance for access to confidential, secret, or top secret information in accordance with the National Industrial Security Program Operating Manual; or

(3) Who has undergone a completed background investigation and been issued credentials pursuant to Homeland Security Presidential Directive (HSPD)-12, Policy for a Common Identification Standard for Federal Employees and Contractors.

(e) Subcontracts. The Contractor shall include the requirements of this clause, including this paragraph (e) (appropriately modified for identification of the parties), in each subcontract that--

(1) Is for--

(i) Services (except for commercial services that are part of the purchase of a COTS item (or an item that would be a COTS item, but for minor modifications), performed by the COTS provider, and are normally provided for that COTS item); or

(ii) Construction;

(2) Has a value of more than $3,500; and

(3) Includes work performed in the United States.

(End Of Clause)

B.3 52.222-55 MINIMUM WAGES FOR CONTRACTOR WORKERS UNDER EXECUTIVE ORDER 14026. (JAN 2022)

(a) Definitions. As used in this clause-- "United States" means the 50 states, the District of Columbia, Puerto Rico, the Northern Mariana Islands, American Samoa, Guam, the U.S. Virgin Islands, Johnston Island, Wake Island, and the outer Continental Shelf as defined in the Outer Continental Shelf Lands Act (43 U.S.C. 1331, et seq.).

"Worker" (1)(i) Means any person engaged in performing work on, or in connection with, a contract covered by Executive Order 14026, and

(A) Whose wages under such contract are governed by the Fair Labor Standards Act (29 U.S.C.

chapter 8), the Service Contract Labor Standards statute (41 U.S.C. chapter 67), or the Wage Rate Requirements (Construction) statute (40 U.S.C. chapter 31, subchapter IV);

(B) Other than individuals employed in a bona fide executive, administrative, or professional capacity, as those terms are defined in 29 CFR part 541; and

(C) Regardless of the contractual relationship alleged to exist between the individual and the employer.

(ii) Includes workers performing on, or in connection with, the contract whose wages are calculated pursuant to special certificates issued under 29 U.S.C. 214(c).

(iii) Also includes any person working on, or in connection with, the contract and individually registered in a bona fide apprenticeship or training program registered with the Department of Labor`s Employment and Training Administration, Office of Apprenticeship, or with a State Apprenticeship Agency recognized by the Office of Apprenticeship.

(2)(i) A worker performs on a contract if the worker directly performs the specific services called for by the contract; and

PAGE 11 OF 132 16PBGC22R0006

(ii) A worker performs in connection with a contract if the worker`s work activities are necessary to the performance of a contract but are not the specific services called for by the contract.

(b) Executive Order Minimum Wage rate.

(1) The Contractor shall pay to workers, while performing in the United States, and performing on, or in connection with, this contract, a minimum hourly wage rate of $15.00 per hour beginning January 30, 2022.

(2) The Contractor shall adjust the minimum wage paid, if necessary, beginning January 1, 2023, and annually thereafter, to meet the applicable annual E.O. minimum wage. The Administrator of the Department of Labor`s Wage and Hour Division (the Administrator) will publish annual determinations in the Federal Register no later than 90 days before the effective date of the new E.O. minimum wage rate. The Administrator will also publish the applicable E.O. minimum wage on https://www.sam.gov (or any successor Web site) and a general notice on all wage determinations issued under the Service Contract Labor Standards statute or the Wage Rate Requirements (Construction) statute, that will provide information on the E.O. minimum wage and how to obtain annual updates. The applicable published E.O. minimum wage is incorporated by reference into this contract.

(3)

(i) The Contractor may request a price adjustment only after the effective date of the new annual E.O. minimum wage determination. Prices will be adjusted only for increased labor costs (including subcontractor labor costs) as a result of an increase in the annual E.O. minimum wage, and for associated labor costs (including those for subcontractors). Associated labor costs shall include increases or decreases that result from changes in social security and unemployment taxes and workers` compensation insurance, but will not otherwise include any amount for general and administrative costs, overhead, or profit.

(ii) Subcontractors may be entitled to adjustments due to the new minimum wage, pursuant to paragraph (b)(2). Contractors shall consider any subcontractor requests for such price adjustment.

(iii) The Contracting Officer will not adjust the contract price under this clause for any costs other than those identified in paragraph (b)(3)(i) of this clause, and will not provide duplicate price adjustments with any price adjustment under clauses implementing the Service Contract Labor Standards statute or the Wage Rate Requirements (Construction) statute.

(4) The Contractor warrants that the prices in this contract do not include allowance for any contingency to cover increased costs for which adjustment is provided under this clause.

(5) A pay period under this clause may not be longer than semi-monthly, but may be shorter to comply with any applicable law or other requirement under this contract establishing a shorter pay period. Workers shall be paid no later than one pay period following the end of the regular pay period in which such wages were earned or accrued.

(6) The Contractor shall pay, unconditionally to each worker, all wages due free and clear without subsequent rebate or kickback. The Contractor may make deductions that reduce a worker`s wages below the E.O. minimum wage rate only if done in accordance with 29 CFR 23.230, Deductions.

(7) The Contractor shall not discharge any part of its minimum wage obligation under this clause by furnishing fringe benefits or, with respect to workers whose wages are governed by the Service Contract Labor Standards statute, the cash equivalent thereof.

(8) Nothing in this clause shall excuse the Contractor from compliance with any applicable Federal or State prevailing wage law or any applicable law or municipal ordinance or any applicable contract establishing a minimum wage higher than the E.O. 14026 minimum wage. However, wage increases under such other laws or municipal ordinances are not subject to price adjustment under this subpart.

(9) The Contractor shall pay the E.O. minimum wage rate whenever it is higher than any applicable collective bargaining agreement(s) wage rate.

(10) The Contractor shall follow the policies and procedures in 29 CFR 23.240(b) and 23.280 for treatment of workers engaged in an occupation in which they customarily and regularly receive more than $30 a month in tips.

(c)

(1) This clause applies to workers as defined in paragraph (a). As provided in that definition--

(i) Workers are covered regardless of the contractual relationship alleged to exist between the contractor or subcontractor and the worker;

(ii) Workers with disabilities whose wages are calculated pursuant to special certificates issued under 29 U.S.C. 214(c) are covered; and

(iii) Workers who are registered in a bona fide apprenticeship program or training program registered with the Department of Labor`s Employment and Training Administration, Office of Apprenticeship, or with a State Apprenticeship Agency recognized by the Office of Apprenticeship, are covered.

(2) This clause does not apply to--

(i) Fair Labor Standards Act (FLSA)-covered individuals performing in connection with contracts covered by the E.O., i.e. those individuals who perform duties necessary to the performance of the contract, but who are not directly engaged in performing the specific work called for by

PAGE 12 OF 132 16PBGC22R0006

the contract, and who spend less than 20 percent of their hours worked in a particular workweek performing in connection with such contracts;

(ii) Individuals exempted from the minimum wage requirements of the FLSA under 29 U.S.C. 213(a) and 214(a) and (b), unless otherwise covered by the Service Contract Labor Standards statute, or the Wage Rate Requirements (Construction) statute. These individuals include but are not limited to--

(A) Learners, apprentices, or messengers whose wages are calculated pursuant to special certificates issued under 29 U.S.C. 214(a);

(B) Students whose wages are calculated pursuant to special certificates issued under 29 U.S.C. 214(b); and

(C) Those employed in a bona fide executive, administrative, or professional capacity (29 U.S.C. 213(a)(1) and 29 CFR part 541).

(d) Notice. The Contractor shall notify all workers performing work on, or in connection with, this contract of the applicable E.O. minimum wage rate under this clause. With respect to workers covered by the Service Contract Labor Standards statute or the Wage Rate Requirements (Construction) statute, the Contractor may meet this requirement by posting, in a prominent and accessible place at the worksite, the applicable wage determination under those statutes. With respect to workers whose wages are governed by the FLSA, the Contractor shall post notice, utilizing the poster provided by the Administrator, which can be obtained at www.dol.gov/agencies/whd/government-contracts, in a prominent and accessible place at the worksite. Contractors that customarily post notices to workers electronically may post the notice electronically provided the electronic posting is displayed prominently on any Web site that is maintained by the contractor, whether external or internal, and customarily used for notices to workers about terms and conditions of employment.

(e) Payroll Records.

(1) The Contractor shall make and maintain records, for three years after completion of the work, containing the following information for each worker:

(i) Name, address, and social security number;

(ii) The worker`s occupation(s) or classification(s);

(iii) The rate or rates of wages paid;

(iv) The number of daily and weekly hours worked by each worker;

(v) Any deductions made; and

(vi) Total wages paid.

(2) The Contractor shall make records pursuant to paragraph (e)(1) of this clause available for inspection and transcription by authorized representatives of the Administrator. The Contractor shall also make such records available upon request of the Contracting Officer.

(3) The Contractor shall make a copy of the contract available, as applicable, for inspection or transcription by authorized representatives of the Administrator.

(4) Failure to comply with this paragraph (e) shall be a violation of 29 CFR 23.260 and this contract. Upon direction of the Administrator or upon the Contracting Officer`s own action, payment shall be withheld until such time as the noncompliance is corrected.

(5) Nothing in this clause limits or otherwise modifies the Contractor`s payroll and recordkeeping obligations, if any, under the Service Contract Labor Standards statute, the Wage Rate Requirements (Construction) statute, the Fair Labor Standards Act, or any other applicable law.

(f) Access. The Contractor shall permit authorized representatives of the Administrator to conduct investigations, including interviewing workers at the worksite during normal working hours.

(g) Withholding. The Contracting Officer, upon his or her own action or upon written request of the Administrator, will withhold funds or cause funds to be withheld, from the Contractor under this or any other Federal contract with the same Contractor, sufficient to pay workers the full amount of wages required by this clause.

(h) Disputes. Department of Labor has set forth in 29 CFR 23.510, Disputes concerning contractor compliance, the procedures for resolving disputes concerning a contractor`s compliance with Department of Labor regulations at 29 CFR part 23. Such disputes shall be resolved in accordance with those procedures and not the Disputes clause of this contract. These disputes include disputes between the Contractor (or any of its subcontractors) and the contracting agency, the Department of Labor, or the workers or their representatives.

(i) Antiretaliation. The Contractor shall not discharge or in any other manner discriminate against any worker because such worker has filed any complaint or instituted or caused to be instituted any proceeding under or related to compliance with the E.O. or this clause, or has testified or is about to testify in any such proceeding.

(j) Subcontractor compliance. The Contractor is responsible for subcontractor compliance with the requirements of this clause and may be held liable for unpaid wages due subcontractor workers.

(k) Subcontracts. The Contractor shall include the substance of this clause, including this paragraph (k) in all subcontracts, regardless of dollar value, that are subject to the Service Contract Labor Standards statute or the Wage Rate Requirements (Construction) statute, and are to be performed in whole or in part in the United States.

(End Of Clause)

PAGE 13 OF 132 16PBGC22R0006

SECTION C

DESCRIPTION/SPECIFICATIONS/WORK STATEMENT

C.1 Statement of Work

PAGE 14 OF 132 16PBGC22R0006

Section C - Statement of Work (SOW)

C.1 Project Title Investment Risk Management System (IRMS)

C.2 Background

C.2.1 About Pension Benefit Guaranty Corporation (PBGC) The Employee Retirement Income Security Act of 1974 (ERISA) established Pension Benefit Guaranty Corporation (PBGC) as a federal corporation to encourage the growth of defined benefit pension plans, provide timely and uninterrupted payment of pension benefits, and keep pension insurance premiums at a minimum. PBGC is not funded by general tax revenues. PBGC collects insurance premiums from employers that sponsor insured pension plans, earns money from investments and receives funds from pension plans it takes over. PBGC manages its investment assets under an Investment Policy Statement (IPS) mandated by the Board of Directors (Board). The Board consists of the Secretaries of Labor, Commerce, and Treasury, with the Secretary of Labor as Chairman. The IPS is located at:

www.pbgc.gov/sites/default/files/april-2019-ips-pbgc.pdf.

The PBGC administers two separate insurance programs. The Multiemployer Program protects about 10.9 million workers and retirees in about 1,360 pension plans. The Single-Employer Program protects about 22.7 million workers and retirees in about 23,900 pension plans. The assets and liabilities of the Multiemployer and Single-Employer programs are separate.

The Multiemployer Program covers defined benefit pension plans that are created through one or more collective bargaining agreements between employers and one or more employee organizations or unions. The employers are usually in the same or related industries, such as transportation, construction, mining, and hospitality. PBGC provides financial assistance to insolvent plans to allow them to pay guaranteed benefits and reasonable administrative expenses.

In FY 2021, PBGC provided $230 million in financial assistance to 109 multiemployer plans.

The Single-Employer Program covers defined benefit pension plans that generally are sponsored by a single employer. When an underfunded single-employer plan terminates, PBGC takes over the plan’s assets, administration, and payment of benefits up to the legal limits. In FY 2021, PBGC paid approximately $6.4 billion in benefits to more than 970,000 retirees across more than 5,000 single-employer plans.

More information about PBGC and organizational structure can be found at: www.pbgc.gov. Also, see www.pbgc.gov/about/who-we-are/pg/executive-staff and www.pbgc.gov/about/who-we-are/pg/pbgc-departments.

C.2.2 PBGC’s Investment Program The Corporate Investments Department (CID) of the PBGC is responsible for managing the PBGC Investment Program (the “Investment Program”) in accordance with the IPS, which establishes liability hedging objectives, performance objectives, risk tolerance levels, asset allocation, and other guidelines. The Investment Program is structured as a manager-of-managers

PAGE 15 OF 132 16PBGC22R0006

and no assets are managed internally. In fulfilling its responsibilities, CID and external investment managers retained to manage separate and commingled accounts for the PBGC are required to manage Investment Program assets with care, skill, prudence, and diligence consistent with legal requirements and industry best-practices. CID applies this standard-of-care in its evaluation and oversight of external investment managers, counterparties, its custodian bank, and all other entities that participate in the Investment Program.

As of September 2021, the PBGC Investment Program encompassed the following asset levels and number of mandates. The Multiemployer Program was $2.7 billion invested exclusively in US Treasury bonds and managed by one investment manager. The Single-Employer Program was $136 billion, invested across approximately 60 investment mandates.

The assets of the Investment Program are separated into two main funds: a Revolving Fund and a Trust Fund. The PBGC collects insurance premiums from corporations and other legal entities for guaranteeing their defined benefit pension plans. By law, those premiums must be held in the Revolving Fund and invested solely in U.S. Treasury securities. The U.S. Bureau of Public Debt is the custodian for the Revolving Fund. The Revolving Fund holds Single-Employer and Multiemployer Program assets in separate funds. As of September 30, 2021, the Multiemployer and Single-Employer Program assets held in the Revolving Fund are valued at $2.7 billion and $51.4 billion, respectively.

The Trust Fund holds assets of terminated Single Employer pension plans as well as employer liability recoveries transferred to the PBGC. The Trust Fund is comprised of US and International Public Equity, US and International Fixed Income and private market assets. As of September 30, 2021, the Trust Fund is valued at $84.4 billion. The Trust Fund holds assets solely attributable to the Single-Employer Program. No Multiemployer Program assets are held in the Trust Fund.

The aggregate of Single Employer Revolving Fund assets and Trust Fund assets is 86.8% publicly traded fixed income, 12.9% public equity and 0.3% private markets assets. Per the current IPS, PBGC is permitted to retain private markets assets trusteed from terminated Single Employer pension plan, but PBGC cannot make new commitments to private markets assets. The Multiemployer Program assets held in the Revolving Fund are 100% US Treasury securities. As such, the focus of the IRMS is publicly traded fixed income and equity.

The Trust Fund and Revolving Fund are subsequently separated into investment portfolios managed by external investment managers. Each composite and asset class is evaluated against two or more benchmarks, to include an aggregated benchmark of all the underlying benchmarks, custom benchmarks based on fixed weights, custom benchmarks based on floating weights and custom benchmarks based on fixed and floating weights (e.g. a composite may have a fixed weight but its underlying components float). The current composites and benchmarks are provided in Figure 1.

PAGE 16 OF 132 16PBGC22R0006

PBGC Investment Program Composites and Benchmarks

Multi-employer Program (Revolving Fund Only)

Single-Employer Program

Figure 1

Composite Benchmark Moderate Duration US Treasuries

Bloomberg Barclays US Aggregate Treasury 3-7 Years

Composite Benchmarks Cash 3-Month T-Bill

4-Week T-Bill US Core Fixed Income Bloomberg Barclays US Aggregate Bond US Long Duration Fixed Income Bloomberg Barclays Long Government

Bloomberg Barclays Long Credit Custom Benchmarks

Completion Fixed Income Custom Benchmarks Emerging Market Fixed Income JP Morgan EMBIG Div

JP Morgan GBI EM Global Div Custom Benchmarks

Domestic Public Equity Russell 3000 US Public REITs Dow Jones US Select Real Estate Securities Index

FTSE NAREIT Equity REITs International Public Equity MSCI EAFE

MSCI EAFE Small Cap MSCI EAFE Value

MSCI EAFE IMI

MSCI Canada IMI MSCI Emerging Markets MSCI ACWI ex-US IMI

In addition to its investment assets, PBGC also maintains a securities lending program. Collateral is pledged to PBGC for securities on loan. PBGC maintains four collateral funds. One is a separate account managed by State Street Bank & Trust Company (“SSB”), and three cash collateral funds are managed by BlackRock Institutional Trust Company, N.A. (Blackrock).

Each collateral fund is generally invested in cash and fixed income securities. The collateral pools are monitored by PBGC staff and will also be reported upon by the IRMS.

Additional information on PBGC’s asset allocation and benchmarks may be found in PBGC’s FY2020 Annual Report, Section VIII, Investment Activities:

https://www.pbgc.gov/sites/default/files/documents/pbgc-annual-report-2021.pdf

PAGE 17 OF 132 16PBGC22R0006

C.2.3 Services Sought by PBGC and Description of Current Environment CID requires a robust Investment Risk Management System (IRMS) with capabilities necessary to measure, manage, and monitor the risks of the Investment Program’s assets and liabilities, both Single-Employer and Multiemployer Programs. CID currently has a contract in place for an IRMS that expires in September 2022. CID’s need for an IRMS is an ongoing requirement and therefore the existing contract is being recompeted. The IRMS may either be cloud-based, installed on PBGC’s hardware, or a hybrid (e.g., the application is hosted locally on PBGC’s servers and/or PCs but the data is stored in the cloud). However, PBGC has a strong preference for a cloud-based IRMS with minimal or no software installation on PBGC hardware.

C.3 Scope The contractor shall provide CID timely and accurate exposure, risk, performance reporting, and stress testing at the total plan level, asset class level, composite level, individual portfolio level, and individual security level for the PGBC Trust and Revolving Fund holdings; and provide liability driven investment (“LDI”) reporting on funded status, interest rate hedge ratio, spread hedge ratio, surplus volatility, and key rate durations.

Overview:

Phase 1: Implementation

Implementation shall preferably not exceed six (6) months and is deemed completed once the IRMS is considered operational by mutual agreement of the contractor and PBGC CID. During the implementation phase, the Contractor shall:

1. Demonstrate compliance with all Federal and PBGC rules as it relates to information security and obtaining an Authority to Operate (ATO).

2. Establish secure connections between the various parties supplying PBGC portfolio data for use in the IRMS.

3. Provide a historical data load to perform acceptance testing, as well as to provide historical data for use in the IRMS by PBGC staff.

Implementation Phase fees are not assessed until the above requirements are met and when PBGC and the Contractor agree the IRMS is fully operational upon PBGC’s determination of the contractor’s successful completion of the tasks listed in SOW Section C.5.1.

Phase II: Operational Phase:

The Operational Phase shall begin at the end of Phase 1.

Fees for use of the IRMS are assessed during this phase. During the Operational Phase, the Contractor shall perform:

1. Analytics and reporting

a. This requirement is anticipated to encompass the largest share of the Contractor’s time and resources.

PAGE 18 OF 132 16PBGC22R0006

b. The IRMS shall provide reporting on at least a monthly basis (e.g., month-end) and at most a daily…