Transportation Industry Single-Employer Pension Plan Sponsor(s) Valuation and Restructuring Financial Advisory Services Engagement 2021
Closed Pre-Solicitation Posted
- Solicitation number
- 16PBGC21R0006
- Responses due
- Set-aside
- No set-aside
Opportunity facts
- NAICS code
- 523930 Investment Advice
- Place of performance
- Washington DC 20005 USA
Notice details come from SAM.gov. Updated .
About this opportunity
The Pension Benefit Guaranty Corporation seeks proposals for valuation and restructuring financial advisory services related to transportation industry single-employer pension plan sponsors. The selected contractor will determine the airline industry outlook, assess sponsor restructuring plans, and evaluate strategic alternatives' effects on PBGC recoveries. Offerors must have experience leading restructurings over $10 billion in debt and expertise in distress valuation and turnaround. Proposals are due February 5, 2021. The subsequent request for proposal will disclose sensitive project information and be released on or around February 8th.
There is no set-aside designation. The solicitation requires experience valued at over $10 billion and will likely involve a contract over multiple years to provide ongoing advisory services. Interested offerors must complete a non-disclosure agreement by February 5th to receive the request for proposal and submit technical and price proposals for a firm-fixed price contract. The engagement aims to assess the feasibility of pension plan sponsors' businesses over a five year period to assist the PBGC.
Notice text
The purpose of this Synopsis/Pre-Solicitation is to notify potential Offerors that PBGC intends to solicit proposals to select a valuation and restructuring financial advisory services contractor to determine the outlook of the airline industry and the feasibility of the Sponsors’ businesses, to assess likely restructuring plans and to evaluate how the various strategic alternatives that the Sponsors are likely to undertake may affect PBGC’s recoveries. For this engagement, PBGC will require the assistance of an experienced financial advisory services firm with proven US financial advisory track record leading or co-leading large complex in- or out- of court restructuring transactions involving enterprises with funded debt exceeding $10 billion, and with solid experience in distress valuation and turnaround.
The RFP will disclose certain sensitive information in connection with the subject project associated with the Transportation Industry Single-Employer Pension Plan Sponsor(s) Valuation and Restructuring Financial Advisory Services Engagement 2021. As a result, attached is an Intent to Bid Form and a Non-Disclosure Agreement (‘NDA Form’). The interested Offeror must sign and return the NDA Form to PBGC via email to PBGC Procurement Department.
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