Justification and Approval for Trust Fund Custodial Services
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- 2026-CFO-0001
- Agency
-
Library of Congress
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- LCCFO23C0001
- NAICS code
- 523991 Trust, Fiduciary, and Custody Activities
- PSC
- R710 Support- Management: Financial
- Place of performance
- Washington, District of Columbia 20540, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Library of Congress, through its Contracts and Grants Directorate, issued this sole-source justification notice on December 17, 2025, for the extension of a firm fixed price contract with Prime Buchholz LLC to provide trust fund custodial and investment advisory services. The contract extension, designated as LCCFO23C0001, covers a two-year period from January 1, 2026, through December 31, 2027, with a base period of one year (January 1–December 31, 2026) and an option period of one year (January 1–December 31, 2027). The services include continuous analysis of the Library's trust fund investment portfolio, periodic investment policy reviews, investment consultation and recommendations, manager implementation services, and quarterly and annual performance reporting to support the Trust Fund Board's management of donations, bequests, and investment strategies. The Library of Congress invoked a statutory exception to full and open competition under 2 U.S.C. § 154-159, which permits the Trust Fund Board to procure services without adhering to standard federal acquisition regulations; the Trust Fund Board's Resolution 2025-04 and a vote at the December 10, 2025 annual meeting specifically directed the award to Prime Buchholz under the same terms as the prior contract. The specific award amount and quantity of goods were not disclosed in the public notice; however, the contract is categorized under NAICS 523991 (Trust, Fiduciary, and Custody Activities) and PSC R710 (Support–Management: Financial).
Notice text
This is a public notice prepared in accordance with Federal Acquisition Regulation (FAR) 5.2 – Synopsis of Proposed Contract Actions.
The Library of Congress, Contracts and Grants Directorate, intends to extend a sole-source firm fixed price contract with: Prime Bucholz, LLC. Contract performance will continue at the Contractor's facility.
The period of performance of the intended contract extension is: 01-01-2026 through 12/31/2027.
This announcement constitutes the only public notice, proposals are not being requested from other parties, and a written solicitation will not be issued. This public notice accomplishes the following:
- Notice of the LC’s intent to sole source this requirement to the business listed herein; and
- Public posting of the approved Justification and Approval (J&A).
Awarded contract LCCFO23C0001 to unknown vendor for unknown amount on 2025-12-22.
Files
| File | Type | Posted |
|---|---|---|
| J_and_A_Redacted.pdf |
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