PIMS Peer Review
Closed Solicitation Posted
- Solicitation number
- 16PBGC25Q0067
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 541990 All Other Professional, Scientific, and Technical Services
- PSC
- B599 Special Studies/Analysis- Other
- Place of performance
- Washington, District of Columbia, United States
- Points of contact
-
- Sierra Villanueva villanueva.sierra@pbgc.gov
Notice details come from SAM.gov. Updated .
About this opportunity
The Pension Benefit Guaranty Corporation (PBGC) is seeking a qualified contractor to perform a targeted peer review of the assumptions and methods used by the Pension Insurance Modeling System (PIMS) models to project pension plan contributions for both single-employer and multiemployer insurance programs. This procurement requires comprehensive evaluation of contribution modeling assumptions, back-testing analysis, assessment of existing assumptions, identification of additional market information, and recommendations for improving modeling approaches. Key personnel must possess at least 15 years of actuarial experience with significant expertise in pension plans and stochastic modeling. The evaluation will be conducted on a best-value tradeoff basis, considering key personnel qualifications, technical approach, management approach, and corporate experience. Quotations are due by August 5, 2025, with technical quotations limited to 20 pages, and the solicitation number is 16PBGC25Q0067.
This solicitation is not issued as a small business set-aside and operates under NAICS code 541990 with a size standard of $19.5 million. The government has confirmed this is a new requirement, noting that Task Order 16PBGC24P0020 with ATHENA CONSULTING LLC is not the incumbent contract for this work. The contract will be structured as a firm fixed-price purchase order with a performance period from September 15, 2025, to March 2, 2026, representing a total engagement of approximately 24 weeks. The work will include bi-weekly meetings, initial and final briefings, and comprehensive report development. Performance will take place in Washington, DC, and the procurement is being conducted under FAR parts 12 and 13 for commercial products and services.
Notice text
3 versions
Update #3 · Latest ·
Updated to provide the Government's Responses to Industry Questions.
PBGC' Board is seeking a qualified Contractor to perform a targeted peer review of the assumptions and methods used by the Pension Insurance Modeling System (PIMS) models to project pension plan contributions.
This is a combined synopsis/solicitation for commercial products or commercial services prepared in accordance with the format in Federal Acquisition Regulation (FAR) subpart 12.6, as supplemented with additional information included in this notice. This announcement constitutes the only solicitation; quotations are being requested and a written solicitation will not be issued.
This is a Request for Quotation issued IAW FAR part 13 in conjunction with FAR part 12. The solicitation number is 16PBGC25Q0067. The solicitation document and incorporated provisions and clauses are those in effect through Federal Acquisition Circuluar 2025-04.
The applicable NAICS code is 541990 with a size standard of $19.5 million. This solicitation is not issued as a small business set-aside.
The price schedule, description of work, period of performance, instructions, evaluation criteria, clauses, provisions, due date, and the Government's responses to industry's questions to the draft RFQ are contained in the documents attached to this announcement.
Update #2 ·
PBGC' Board is seeking a qualified Contractor to perform a targeted peer review of the assumptions and methods used by the Pension Insurance Modeling System (PIMS) models to project pension plan contributions.
This is a combined synopsis/solicitation for commercial products or commercial services prepared in accordance with the format in Federal Acquisition Regulation (FAR) subpart 12.6, as supplemented with additional information included in this notice. This announcement constitutes the only solicitation; quotations are being requested and a written solicitation will not be issued.
This is a Request for Quotation issued IAW FAR part 13 in conjunction with FAR part 12. The solicitation number is 16PBGC25Q0067. The solicitation document and incorporated provisions and clauses are those in effect through Federal Acquisition Circuluar 2025-04.
The applicable NAICS code is 541990 with a size standard of $19.5 million. This solicitation is not issued as a small business set-aside.
The price schedule, description of work, period of performance, instructions, evaluation criteria, clauses, provisions, due date, and the Government's responses to industry's questions to the draft RFQ are contained in the documents attached to this announcement.
Update #1 ·
PBGC’s Board is seeking a qualified Contractor to perform a targeted peer review of the assumptions and methods used by the Pension Insurance Modeling System (PIMS) models to project pension plan contributions.
This is a draft Request for Quotation (RFQ) to notify industry of a forthcoming requirement before the final version of the solicitation is released. The RFQ provided herein is subject to change but the final version is anticipated to be substantially similar to this draft. The estimated date of the solicitation release is July 29, 2025. This will be solicited as a combined synopsis/solicitation prepared in accordance with FAR subpart 12.6 and the RFQ shall be issued under FAR part 13 in conjunction with FAR part 12.
THIS IS A DRAFT SOLICITATION ONLY. Quotations in response to this draft notice will not be accepted.
Any feedback or questions related to this draft solicitation should be sent to the Contracting Officer, Sierra Villanueva, at villanueva.sierra@pbgc.gov.
Attachments
| File | Type | Posted |
|---|---|---|
| 07_Government Response to Industry Questions.pdf | ||
| 07_Draft RFQ Questions and Answers.pdf | ||
| 06_16PBGC25Q0067.pdf | ||
| A20_16PBGC25Q0067.pdf |
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