Pension Benefit Guaranty Corporation Custodian Banking Services
Closed Pre-Solicitation Posted
- Solicitation number
- 2024
- 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 to procure custodian banking services through a full and open competition solicitation. The primary objective is to award a single contract for global master custody services focused on safekeeping and asset servicing of plan assets. The anticipated contract will utilize a firm fixed price (FFP) and fixed rate variable quantity (FRVQ) structure, with potential contractors expected to demonstrate robust capabilities in managing financial assets. PBGC plans to release the Request for Proposal (RFP) no sooner than December 3, 2024, with the official solicitation to be posted on SAM.gov. The pre-solicitation notice indicates that interested parties should monitor SAM.gov for the most current information, and no paper copies of the solicitation will be distributed.
The contract is structured with a one-year base period and nine potential one-year option periods, totaling a maximum potential ten-year engagement. No specific set-aside designation has been applied to this procurement, meaning all qualified vendors can compete. The contract falls under NAICS code 523991 for Trust, Fiduciary, and Custody Activities, and PSC code R703 for Management Accounting Support. While specific award value details are not provided in the pre-solicitation notice, the comprehensive nature of the global master custody services suggests a potentially significant contract. Vendors interested in responding must be prepared to submit comprehensive proposals that demonstrate extensive capabilities in custodial banking services when the RFP is officially released.
Notice text
The Pension Benefit Guaranty Corporation (PBGC) intends to reissue solicitation 16PBGC24R0010 for the custodian banking services requirement. This is a Synopsis/Pre-solicitation notice for the reissuance. The original solicitation was issued on October 21, 2024 under SAM notice ID 1554.
Requirement Description
PBGC is seeking to award one contract for custodian banking services. Custodian banking services provide global master custody services for the safekeeping and asset servicing of plan assets. The anticipated period of performance is one (1) twelve-month base period and nine (9) twelve-month option periods. A firm fixed price (FFP) and fixed rate variable quantity (FRVQ) contract is anticipated.
RFP Release Information
The purpose of this Synopsis/Pre-Solicitation is to notify potential Offerors that PBGC intends to solicit proposals via a Request for Proposal (RFP) to select a single contractor to provide custodian banking services. PBGC anticipates issuing the solicitation within the next month and no sooner than 12/3/24. The RFP is anticipated to be issuied via full and open competition.
This synopsis/pre-solicitation notice is NOT a solicitation for proposals, proposal abstracts, or quotations and in no way obligates the Government to issue a request for proposals (RFP) and/or award a contract. This notice satisfies the synopsis requirement in FAR 5.2. If a solicitation is issued, all necessary information will be supplied at the time it is posted at https://sam.gov. Questions/requests for information will not be responded to until RFP issuance. Interested parties are responsible for monitoring SAM for the most up-to-date information concerning the forthcoming solicitation. Paper copies of the solicitation and its amendments will not be distributed.
Notice history
| Notice | Type | Posted |
|---|---|---|
| This notice | Pre-Solicitation | |
| Pension Benefit Guaranty Corporation Custodian Banking Services | Solicitation | |
| Custodian Banking Services Draft Solicitation | Special Notice |
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