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JUSTIFICATION FOR OTHER THAN FULL AND OPEN COMPETITION

Awarded

16PBGC26P0009Federal

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, has issued a Justification for Other Than Full and Open Competition for contract 16PBGC26P0009. Awarded on September 25, 2026, to Goldman Sachs Asset Management, L.P., this sole-source bridge contract is for active fixed-income investment management services under NAICS code 523940. The agreement is designed to prevent a lapse in critical financial services while the agency finalizes a competitive source selection process under solicitation 16PBGC25R0062, which experienced unexpected procurement delays. The contract is based in Washington, DC, and provides for a primary period of performance of six months, with an additional optional extension of three months. Primary administrative contact for the award is Joseph Brummell, with Shelly Thieme serving as the secondary point of contact.

General Info

PBGC awarded Goldman Sachs 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, USA

Set-Aside

NONE

Documents

1

PBGC Justification for Other Than Full and Open Competition - Goldman Sachs Asset Management

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 # 16PBGC26P0009 to Goldman Sachs Asset Management awarded on September 25, 2026.

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

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