Contract 16PBGC23C0006

Blackrock Financial Management Inc · Pension Benefit Guaranty Corporation · March 27, 2023

Firm Fixed PriceFull & Open CompetitionNAICS 541519

Blackrock Financial Management Inc was awarded a federal contract by Pension Benefit Guaranty Corporation on March 27, 2023 for $5.55 million of work in other computer related services. Performance is in New York, NY. It was awarded under full and open competition. The contract has been modified 7 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on April 14, 2026. If all options are exercised, the contract could reach $13.88 million.

Obligated to date
$5.55M
$5,550,000
Current value
$5.55M
Potential value
$13.88M
if all options exercised
Modifications
7
Latest April 14, 2026

Contract details

PIID
16PBGC23C0006
Award type
Definitive Contract
Pricing
Firm Fixed Price
Set-aside
No Set Aside Used.
Competition
Full And Open Competition
NAICS
541519 · Other Computer Related Services
Product / service
Support- Management: Financial
Place of performance
New York, NY
First action
March 27, 2023
Latest action
April 14, 2026

Description

THE PURPOSE OF THIS MODIFICATION IS TO IMPLEMENT EXECUTIVE ORDER 14173, "ENDING ILLEGAL DISCRIMINATION AND RESTORING MERIT-BASED OPPORTUNITY."

Modification timeline

  • April 14, 2026
    Mod P00007
    $0
  • March 10, 2026
    Mod P00006
    EXERCISE OPTION YEAR THREE
    $1.39M
  • April 8, 2025
    Mod P00005
    UPDATE THE COR IN THE SYSTEM
    $0
  • March 5, 2025
    Mod P00004
    EXERCISE AND FUND OPTION PERIOD AND CHANGE COR.
    $1.39M
  • June 12, 2024
    Mod P00003
    THE PURPOSE OF THE MODIFICATION IS TO DE-OBLIGATE EXCESS FUNDING FOR A CANCELLED LINE ITEM ON THIS CONTRACT.
    $-1.9K
  • March 21, 2024
    Mod P00002
    THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE AND FULLY FUND OPTION PERIOD ONE.
    $1.39M
  • January 22, 2024
    Mod P00001
    INVESTMENT RISK MANAGEMENT SYSTEM: PRICE REDUCTION AND ADDED CLAUSE.
    $0
  • March 27, 2023
    Base award
    INVESTMENT RISK MANAGEMENT SYSTEM
    $1.39M

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Frequently asked questions

What is contract 16PBGC23C0006?

Contract 16PBGC23C0006 is a federal contract awarded to Blackrock Financial Management Inc by Pension Benefit Guaranty Corporation on March 27, 2023 for $5.55 million of work classified under OTHER COMPUTER RELATED SERVICES. It has been modified 7 times since the base award.

Who won contract 16PBGC23C0006?

Blackrock Financial Management Inc won contract 16PBGC23C0006 from Pension Benefit Guaranty Corporation.

How much is contract 16PBGC23C0006 worth?

Contract 16PBGC23C0006 has obligated $5.55 million to date, with a total potential value of $13.88 million if all options are exercised.