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JUSTIFICATION FOR OTHER THAN FULL AND OPEN COMPETITION

Awarded

16PBGC26P0011Federal

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 16PBGC26P0011 to PGIM, INC on September 25, 2026. This agreement was established as a sole-source bridge contract under the statutory authority of 41 U.S.C. 3304(a)(1) to ensure there is no lapse in critical fixed-income investment services. The procurement falls under NAICS code 523940 and is intended to maintain essential operations while the agency completes a separate competitive source selection process under solicitation 16PBGC25R0062. The contract provides for a primary period of performance of six months, with an additional option for a three-month extension. Managed by points of contact Joseph Brummell and Shelly Thieme, the services are performed in Washington, DC. This justification for other than full and open competition allows the agency to maintain continuity of its investment functions during the transition to a new competitively selected provider.

General Info

PBGC awarded PGIM a sole-source bridge contract for critical fixed-income investment 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

PBGC Justification for Other Than Full and Open Competition - PGIM

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 # 16PBGC26P0011 to PGIM, INC awarded on September 25, 2026.

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

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