Expert Financial Advisory Services
Pre-Solicitation Posted
- Solicitation number
- 16PBGC25Q0054-PRESOL
- Responses due
- Not on record
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- R710 Support- Management: Financial
- Place of performance
- Washington, District of Columbia, United States
- Points of contact
-
- Christine Retarides retarides.christine@pbgc.gov
- Shelly Thieme thieme.shelly@pbgc.gov (202) 615-0378
Notice details come from SAM.gov. Updated .
About this opportunity
The Pension Benefit Guaranty Corporation (PBGC) intends to procure expert financial advisory services for its Corporate Finance and Restructuring Department, focusing on complex financial restructuring and distress valuation in the healthcare sector. The agency seeks a firm with demonstrated expertise in managing large restructuring and bankruptcy transactions involving enterprises with funded debt exceeding $1 billion. Specifically, the selected contractor must have proven experience with PBGC's termination process and the ability to support the corporation's pension plan termination insurance program. The procurement will be competed under NAICS code 541611 for Administrative Management and General Management Consulting Services, with a small business size standard of $24.5 million. The solicitation is expected to be released in late January 2025 at the Governmentwide Point of Entry (SAM.gov), with an anticipated contract award in early March 2025.
The contract will be a firm-fixed-price procurement utilizing simplified acquisition procedures, with a total contract value not to exceed $7.5 million. The performance period will include one 12-month base period, one 12-month option period, and a potential six-month extension. There are no specific set-aside designations for this opportunity, meaning it is open to all qualified contractors meeting the specified requirements. The procurement will be classified under Product and Service Code R710 for Management: Financial Support services. Potential contractors should note that while this is a pre-solicitation notice, it does not constitute a formal request for proposals and does not obligate the government to issue a solicitation or award a contract. Interested firms should closely monitor SAM.gov for the official solicitation release in late January 2025.
Notice text
This is a synopsis/presolicitation notice to notify industry of the Pension Benefit Guaranty Corporation (PBGC)’s intent to release a solicitation for commercial expert financial advisory services at the Governmentwide Point of Entry (https://www.sam.gov/) in late January 2025 for anticipated award in early March 2025. This notice satisfies the synopsis requirement in Federal Acquisition Regulation (FAR) subpart 5.2. This is NOT a request for proposals, proposal abstracts, or quotations and in no way obligates the Government to issue a solicitation or award a contract.
Description:
PBGC, a wholly owned U.S Government corporation, administers the pension plan termination insurance program established by Title IV of the Employee Retirement Income Security Act of 1974, as amended. PBGC protects the retirement income of approximately 44 million workers in more than 27,000 private defined benefit pension plans and monitors the corporate events and transactions of defined benefit pension plan sponsors to mitigate risks to the insurance program and increase overall plan funding levels.
PBGC’s Corporate Finance and Restructuring Department requires the assistance of an experienced financial advisory services firm with proven experience in the U.S. healthcare sector leading large distress valuation and turnaround engagements and/or representing clients in a lead capacity on large and complex restructuring and/or bankruptcy transactions involving enterprises with funded debt exceeding $1 billion. Potential firms must have experience with PBGC’s terminations process.
The Government intends to compete this requirement under North American Industry Classification System code 541611 (Administrative Management and General Management Consulting Services) and Product and Service Code R710 (Support - Management: Financial). The small business size standard is $24.5 million. This competition is expected to result in award of a firm-fixed-price contract established using simplified acquisition procedures under FAR subpart 13.5 in conjunction with FAR part 12. The anticipated period of performance includes one 12-month base period, one 12-month option period, and a potential six-month extension in accordance with FAR 52.217-8, Option to Extend Services. The total contract value, inclusive of options, will not exceed $7.5 million in accordance with the thresholds established under FAR subpart 13.5.
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