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Contract PBGC01CT160015

Pgim, Inc. · Pension Benefit Guaranty Corporation · March 30, 2016

Firm Fixed PriceFull & Open CompetitionNAICS 523920

Pgim, Inc. was awarded a federal contract by Pension Benefit Guaranty Corporation on March 30, 2016 for $117.60 million of work in portfolio management. Performance is in Newark, NJ. It was awarded under full and open competition. The contract has been modified 49 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on April 15, 2026. If all options are exercised, the contract could reach $315.77 million.

Obligated to date
$117.60M
$117,595,275
Current value
$117.60M
Potential value
$315.77M
if all options exercised
Modifications
49
Latest April 15, 2026

Contract details

PIID
PBGC01CT160015
Award type
Definitive Contract
Pricing
Firm Fixed Price
Set-aside
No Set Aside Used.
Competition
Full And Open Competition
NAICS
523920 · Portfolio Management
Product / service
Support- Management: Financial
Place of performance
Newark, NJ
First action
March 30, 2016
Latest action
April 15, 2026

Description

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

Modification timeline

  • April 15, 2026
    Mod P00052
    $0
  • March 12, 2026
    Mod P00051
    THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE AND FULLY FUND THE SIX MONTH OPTION PERIOD IN ACCORDANCE WITH FAR 52.217 8, OPTION TO EXTEND SERVICES.
    $4.90M
  • February 18, 2026
    Mod P00050
    DE-OBLIGATE FY23/24 FUNDS AND ADD ALTERNATE COR
    $-3.51M
  • October 30, 2025
    Mod P00049
    THE PURPOSE OF THIS MODIFICATION IS TO OBLIGATE FY 26 QUARTER ONE FUNDING.
    $4.60M
  • October 8, 2025
    Mod P00048
    THE PURPOSE OF THIS MODIFICATION IS TO UPDATE THE CONTRACTING OFFICER FROM MARY SKAGGS TO MARIUS MORGAN. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
    $0
  • February 21, 2025
    Mod P00047
    EXERCISE OPTION PERIOD NINE
    $4.30M
  • October 22, 2024
    Mod P00046
    THE PURPOSE OF THIS MODIFICATION IS TO INCREMENTALLY FUND THE CONTRACT IN THE TOTAL AMOUNT OF $4,300,000.00.
    $4.30M
  • August 14, 2024
    Mod P00045
    THIS MODIFICATION DE-OBLIGATES UNUSED FY22 (OP6) FUNDS ON THE CONFORMED CONTRACT.
    $-1.59M
  • March 5, 2024
    Mod P00044
    THE PURPOSE OF THIS MODIFICATION IS TO EXERCISE OP8, ADD FUNDING, AND ADD NEWLY REQUIRED CLAUSES.
    $5.00M
  • November 7, 2023
    Mod P00043
    ADDING INCREMENTAL FUNDING TO INVESTMENT MANAGEMENT SERVICES
    $6.00M
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Frequently asked questions

What is contract PBGC01CT160015?

Contract PBGC01CT160015 is a federal contract awarded to Pgim, Inc. by Pension Benefit Guaranty Corporation on March 30, 2016 for $117.60 million of work classified under PORTFOLIO MANAGEMENT. It has been modified 49 times since the base award.

Who won contract PBGC01CT160015?

Pgim, Inc. won contract PBGC01CT160015 from Pension Benefit Guaranty Corporation.

How much is contract PBGC01CT160015 worth?

Contract PBGC01CT160015 has obligated $117.60 million to date, with a total potential value of $315.77 million if all options are exercised.