SSIM_Draft RFP_SAM Special Notice.pdf

Pension Benefit Guaranty Corporation Special Situation Investment Management Services

Special Notice: Draft Solicitation and Request for Industry Feedback

1. Special Notice

This is a DRAFT solicitation and request for industry feedback only.

The Pension Benefit Guaranty Corporation (PBGC) is issuing this draft Request for Proposal (RFP) for the agency’s Special Situation Investment Management Services (SSIMS) requirement to allow an opportunity for industry to submit questions and feedback for Government consideration prior to release of the final contemplated solicitation.

This draft solicitation is issued solely for informational and planning purposes. It does not constitute a solicitation nor a promise to issue a solicitation in the future. This draft solicitation does not commit the Government to contract for any supplies or services whatsoever.

PBGC is not seeking proposals at this time and will not accept unsolicited offers.

The Government will use any information submitted in response to this special notice solely for the purpose of refining this requirement and the draft solicitation. The Government does not intend to provide or post responses to vendor inquiries and is under no obligation to do so.

Respondents are advised that the Government will not pay for any information or administrative costs incurred from responding to this draft solicitation; all costs associated with responding to this draft solicitation will be the sole responsibility of the interested party. Not responding to this draft solicitation does not preclude participation in any future solicitation (if issued).

2. Requirement Description

The Pension Benefit Guaranty Corporation (PBGC) is a Government-owned corporation established under Title IV of the Employee Retirement Income Security Act (ERISA) of 1974, as amended. Background and mission information can be found at https://www.pbgc.gov/about.

PBGC seeks a qualified firm to provide Special Situation Investment Management Services (SSIMS) as described in this draft solicitation. The SSIMS contractor will be tasked with managing and seeking to liquidate a portfolio of special situation assets (SSAs), which are typically unusual, illiquid, or difficult to market. This includes developing innovative liquidation and marketing strategies for these illiquid assets and assisting in the evaluation of proposed restructuring plans or settlements, as necessary, for the SSAs.

The current SSIMS contract number is PBGC01-CT-15-0027.

3. Request for Industry Feedback – General

Using the Industry Feedback Form provided, the Government invites potentially interested parties to submit their questions and feedback pertaining to this draft RFP for Government consideration. Respondents shall submit their responses via email to villanueva.sierra@pbgc.gov and thieme.shelly@pbgc.gov by 5 PM ET on Friday, October 3, 2025.

4. Request for Industry Feedback – Contract Type

The Government is contemplating the use of two hybrid contract types: (a) Labor Hour (LH) and Fixed-Rate Variable-Quantity (FRVQ) and (b) Firm-Fixed Price (FFP) and FRVQ. Vendors would submit offers based upon the pricing arrangement they believe would be most advantageous to the Government. In addition to providing general feedback in relation to the RFP, the Government invites interested parties to provide feedback pertaining to contract type for the Government’s consideration. Respondents shall submit their responses with their general feedback as set forth in Section 3 above.

A sample of each contemplated pricing arrangement for the Base Period of the contract follows below. (Note: This information will be included in Section 1, not included with this draft, of the final contemplated solicitation.)

a. Hybrid Contract Type No. 1: LH / FRVQ

CLIN Labor Category Hourly Rate

Hours (for evaluation purposes only) Extended Price

Senior Portfolio Manager $ 120 $

Analysts/Researchers $ 140 $

Operations $ 160 $

Administrative/Support Staff $ 20 $

CLIN 0001 Labor Hour Ceiling $ Optional

0002 Other Direct Costs (ODCs) / Travel (NTE) $14,000.00

Total for CLIN 0001 and CLIN 0002 $

CLIN 0003: Marketable Securities Disposition fee in Basis Points (BP) ____, on first $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on next $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on next $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on the balance in Net Sale Proceeds.

CLIN 0004: Non-Marketable Securities and Other Illiquid Assets Disposition fee in BP ____, on first $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on next $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on next $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on the balance.

NOTE: Disposition fees are to be based on a liquidation of $25 million in any given year, with $20 million in Marketable Securities and $5 million in Non-Marketable Securities.

b. Hybrid Contract Type No. 2: FFP / FRVQ

CLIN Description Unit Unit Price Qty Extended Price

0001 Special Situation Investment Management Services pursuant to the SOW. MO $ 12 $

Optional 0002 Other Direct Costs (ODCs) / Travel (NTE) $14,000.00

Total for CLIN 0001 and CLIN 0002 $

CLIN 0003: Marketable Securities Disposition fee in Basis Points (BP) ____, on first $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on next $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on next $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on the balance in Net Sale Proceeds.

CLIN 0004: Non-Marketable Securities and Other Illiquid Assets Disposition fee in BP ____, on first $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on next $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on next $_______________ in Net Sale Proceeds.

Disposition fee in BP ____, on the balance.

NOTE: Disposition fees are to be based on a liquidation of $25 million in any given year, with $20 million in Marketable Securities and $5 million in Non-Marketable Securities.