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JUSTIFICATION FOR OTHER THAN FULL AND OPEN COMPETITION

Awarded

16PBGC26P0010Federal

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

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The Pension Benefit Guaranty Corporation, an office within the Department of Labor, awarded contract 16PBGC26P0010 to Pacific Investment Management Company LLC (PIMCO) on September 25, 2026. This action is a Justification for Other Than Full and Open Competition, establishing a sole-source bridge contract under NAICS code 523940. The agreement provides for a six-to-nine month extension of fixed-income investment management services to ensure there is no lapse in critical operations while the agency completes a competitive source selection process for a permanent replacement contract. The contract is managed by primary point of contact Joseph Brummell and secondary contact Shelly Thieme, with the place of performance located in Washington, DC. This temporary arrangement allows the agency to maintain essential financial management continuity during the transition to a new service provider.

General Info

PBGC awarded PIMCO a sole-source bridge contract for fixed-income investment management services.

Agency

Department Of Labor → Pension Benefit Guaranty Corporation

NAICS

523940 - Portfolio Management and Investment Advice

Place of Performance

Washington, DC

Set-Aside

NONE

Documents

1

PIMCO Justification for Other Than Full and Open Competition

justification-and-authorization

Low

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Timeline

PhaseAwarded

PostedOct 1

Justification (J&A)

AwardedOct 15

Contract was awarded

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Organization & Contact Information

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AgencyDepartment Of Labor → Pension Benefit Guaranty Corporation

Contacts2 people available

OfficeWASHINGTON, DC, 20024, USA

Organization / AgencyDepartment Of Labor → Pension Benefit Guaranty Corporation

Office AddressWASHINGTON, DC, 20024, USA

Contacts

Joseph Brummell

contact@example.gov

Shelly Thieme

contact@example.gov

Full Description

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This is a Justification for Other Than Full and Open Competition related to contract # 16PBGC26P0010 to Pacific Investment Management Company LLC awarded on September 25, 2026.

For additional information please see attached Justification for Other Than Full and Open Competition.

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