Justification for other than full and open competition
Awarded Limited / Sole Source Justification Posted
- Solicitation number
- 16PBGC27C0002
- Set-aside
- No set-aside
Opportunity facts
- Contract number
- 16PBGC27C0002 Federal contract award
- Awardee
- Bolton Partners D.c., Inc.
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- Place of performance
- Washington, District of Columbia 20024, United States
- Points of contact
Notice details come from SAM.gov. Updated .
About this opportunity
The Pension Benefit Guaranty Corporation has awarded a sole-source contract to Bolton Partners DC, Inc. on October 15, 2026, for actuarial support services on a Firm-Fixed-Price basis under 41 U.S.C. 3304(a)(1) and FAR 12.201-1 (Simplified Procedures for Commercial Items).
The justification cites Bolton as the only responsible source due to eight years of specialized institutional knowledge supporting the Sears Holdings pension plans (combined 82,000 participants) and six years supporting the McClatchy Company Retirement Plan (23,000 participants), developed under prior Task Orders 16PBGC19T0007 and 16PBGC20T0017. Services include benefit statements, retirement statements, actuarial case reports, software close-out files, and post-valuation support for these three Complexity Level IV trusteed plans. Transitioning to a new contractor would introduce unacceptable technical risks, including misalignment in benefit coding logic, data validation errors, inconsistent methodologies, and delays in issuing Benefit Determination Letters; the incoming contractor would require months to reconstruct prior work and actuarial baselines.
Market research identified at least six potentially capable actuarial vendors. A Notice of Intent posted September 30, 2026, received three responses (Buried to Blossom, Gavior Technologies, and Tenders Trade), none of which demonstrated capability to independently perform the complete requirement or meet PBGC's timeline without delay. The base period runs from October 16, 2026, through October 15, 2027, with an option to extend for an additional six months. Contract value falls between the Simplified Acquisition Threshold and $9 million. The contract structure aligns with Executive Order 14402, which mandates fixed-price, performance-based contracts.
Notice text
This is a Justification for Other Than Full and Open Competition related to Contract #16PBGC27C0002 awarded to BOLTON PARTNERS DC, INC, on October 16, 2026.
For additional information please see attached Justification for Other Than Full and Open Competition.
Awarded contract 16PBGC27C0002 to unknown vendor for unknown amount on 2026-10-15.
Files
| File | Type | Posted |
|---|---|---|
| JFOC - 16PBGC27C0002 10.20.26.pdf |
Notice history
| Notice | Type | Posted |
|---|---|---|
| This notice | Limited / Sole Source Justification | |
| Complexity Level IV Plan Services | Solicitation |
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