PBGC01CT160021
Definitive Contract
Overview
Government Description
IGF::CT::IGF PORTFOLIO MANAGEMENT SERVICES
Awardee
Awarding / Funding Agency
Place of Performance
Washington, DC 20024 United States
Pricing
Fixed Price
Set Aside
None
Extent Competed
Full And Open Competition
Est. Average FTE
242
Related Opportunity
PBGC01RP150008
Analysis Notes
Amendment Since initial award the Potential Award value has increased 108% from $296,417,444 to $615,899,333.
Western Asset Management Co was awarded
Definitive Contract PBGC01CT160021 PBGC01CT160021
for Igf::Ct::Igf Portfolio Management Services
worth up to $615,899,333
by Pension Benefit Guaranty Corporation
in April 2016.
The contract
has a duration of 10 years and
was awarded
full & open
with
NAICS 523920 and
PSC R710
via direct negotiation acquisition procedures with 26 bids received.
As of today, the Definitive Contract has a total reported backlog of $574,456,876 and funded backlog of $39,084,013.
Status
(Open)
Last Modified 11/22/24
Period of Performance
4/1/16
Start Date
3/31/25
Current End Date
3/31/26
Potential End Date
Obligations and Backlog
$41.4M
Total Obligated
$80.5M
Current Award
$615.9M
Potential Award
$39.1M
Funded Backlog
$574.5M
Total Backlog
Award Hierarchy
Definitive Contract
PBGC01CT160021
Subcontracts
Activity Timeline
Transaction History
Modifications to PBGC01CT160021
People
Suggested agency contacts for PBGC01CT160021
Competition
Number of Bidders
26
Solicitation Procedures
Negotiated Proposal/Quote
Evaluated Preference
None
Commercial Item Acquisition
Commercial Item
Simplified Procedures for Commercial Items
No
Other Categorizations
Subcontracting Plan
Plan Not Included (No Subcontracting Possibilities)
Cost Accounting Standards
Exempt
Business Size Determination
Large Business
Awardee UEI
LGKLHN9CCWN7
Awardee CAGE
33VS0
Agency Detail
Awarding Office
16PBGC PENSION BENEFIT GUARANTY CORP
Funding Office
16PBGC
Created By
i665comppbgc
Last Modified By
bradley.diahanna@pbgc.gov
Approved By
bradley.diahanna@pbgc.gov
Legislative
Legislative Mandates
None Applicable
Performance District
DC-98
Budget Funding
| Federal Account | Budget Subfunction | Object Class | Total | Percentage |
|---|---|---|---|---|
| Pension Benefit Guaranty Corporation Fund, Pension Benefit Guaranty Corporation, Labor (016-4204) | General retirement and disability insurance (excluding social se | Advisory and assistance services (25.1) | $19,745,267 | 70% |
| Pension Benefit Guaranty Corporation Fund, Pension Benefit Guaranty Corporation, Labor (016-4204) | General retirement and disability insurance (excluding social se | Other services from non-Federal sources (25.2) | $8,462,674 | 30% |
Modified: 11/22/24