Justification for other than full and open competition
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- 16PBGC26P0010
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 16PBGC26P0010 Federal contract award
- NAICS code
- 523940 Portfolio Management and Investment Advice
- PSC
- R710 Support- Management: Financial
- Place of performance
- Washington
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Pension Benefit Guaranty Corporation has awarded a sole-source bridge contract to Pacific Investment Management Company LLC under contract 16PBGC26P0010 on September 25, 2026, for fixed-income investment management services. The estimated total contract cost is redacted.
The justification cites insufficient time to complete competitive source selection before expiration of the current contract with Pacific Investment Management Company LLC on September 30, 2026 (Contract No. PBGC01-CT-16-0020, effective March 30, 2016). The bridge contract enables a minimum three-month overlap period required for investment guideline negotiation, systems coding, and broker-dealer portfolio establishment while PBGC completes a replacement competitive procurement (Solicitation No. 16PBGC25R0062) with award projected for March 2027. The contractor will provide active investment management and related services—including regular oversight, trading, risk management, and compliance monitoring—for fixed-income portfolios across four Trust Fund strategies: Core Fixed Income, Long Duration Fixed Income, Global Fixed Income, and Emerging Markets Debt. Performance period is six months with an optional three-month extension. Statutory authority is 41 U.S.C. 3304(a)(1), implemented through RFO FAR 6.103-1. The Advocate for Competition approved the justification on May 11, 2026. Price reasonableness will be established by comparison to historical prices paid for the same services or through alternative price analysis methods. NAICS 523940 (Portfolio Management and Investment Advice); PSC R710 (Support—Management: Financial).
Notice text
This is a Justification for Other Than Full and Open Competition related to contract # 16PBGC26P0010 to Pacific Investment Management Company LLC awarded on September 25, 2026.
For additional information please see attached Justification for Other Than Full and Open Competition.
Awarded contract 16PBGC26P0010 to unknown vendor for unknown amount on 2026-09-25.
Files
| File | Type | Posted |
|---|---|---|
| PIMCO JOFOC Fully Executed.pdf |
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