Pension Benefit Guaranty Corporation Custodian Banking Services
Cancelled Solicitation Posted
Not the latest version. See the latest pre-solicitation from .
- Solicitation number
- 1554
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 523991 Trust, Fiduciary, and Custody Activities
- PSC
- R703 Support- Management: Accounting
- 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 (PBGC) is seeking a custodian bank to provide global master custody services for the safekeeping and asset servicing of its plan assets, with a total Trust Fund valued at approximately $68.1 billion as of September 30, 2023. The Request for Proposal (RFP) No. 16PBGC24R0010 requires potential offerors to meet specific mandatory requirements, including having at least $4 trillion in assets under custody and providing services to at least five clients with $40 billion or more in assets. The procurement will follow a two-phase proposal submission process, with Phase I requiring a Preliminary Technical Proposal due by November 6, 2024, and Phase II involving a Technical Proposal and Business/Price Proposal. Evaluation criteria will include mandatory requirements, technical capabilities, performance measurements, securities lending programs, and pricing. Questions from prospective offerors were due by October 28, 2024, with responses provided through solicitation amendments.
The contract will be a single award with a 12-month base period and up to nine one-year option periods, structured as a fixed-rate variable-quantity (FRVQ) and firm-fixed-price (FFP) hybrid contract. There are no specific set-aside designations for this procurement, making it open to all qualified offerors. The place of performance is located at Fort Lesley J. McNair in Washington, DC. While the exact award value is not explicitly stated, the pricing schedule includes comprehensive fees for various custodial services such as account management, asset-based fees, transaction fees, income collection, and reporting. The solicitation indicates that the current contract ends on March 30, 2025, suggesting a potential transition period for the new custodian bank. The successful offeror will be responsible for providing comprehensive services including settlement, safekeeping, investment accounting, income collection, securities valuation, performance reporting, and risk analytics.
Notice text
3 versions
Update #3 · Latest ·
RFP Amendment 00002 is issued to provide responses to the of'ferors' questions and revised the RFP. Offerors must read the amendment cover letter for further details and instructions.
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RFP Amendment 00001 is issued to extend the Phase I due date to November 6, 2024, at 5:00 PM ET. Offerors must read the amendment cover letter for further instructions.
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The Pension Benefit Guaranty Corporation (PBGC) is issuing a Request for Proposal (RFP) for the Corporation’s Custodian Banking Services. The Custodian Banking Services provide global master custody services for the safekeeping and asset servicing of plan assets.
Offerors are encourage to read the solicitation in its entirety. The documents are provided in this announcement and are attached.
Update #2 ·
RFP Amendment 00001 is issued to extend the Phase I due date to November 6, 2024, at 5:00 PM ET. Offerors must read the amendment cover letter for further instructions.
------------------------------------------------------------------------------------------------------------------------------------------------------------------
The Pension Benefit Guaranty Corporation (PBGC) is issuing a Request for Proposal (RFP) for the Corporation’s Custodian Banking Services. The Custodian Banking Services provide global master custody services for the safekeeping and asset servicing of plan assets.
Offerors are encourage to read the solicitation in its entirety. The documents are provided in this announcement and are attached.
Update #1 ·
The Pension Benefit Guaranty Corporation (PBGC) is issuing a Request for Proposal (RFP) for the Corporation’s Custodian Banking Services. The Custodian Banking Services provide global master custody services for the safekeeping and asset servicing of plan assets.
Offerors are encourage to read the solicitation in its entirety. The documents are provided in this announcement and are attached.
Files
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Notice history
| Notice | Type | Posted |
|---|---|---|
| Pension Benefit Guaranty Corporation Custodian Banking Services | Pre-Solicitation | |
| This notice | Solicitation | |
| Custodian Banking Services Draft Solicitation | Special Notice |
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