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JUSTIFICATION FOR OTHER THAN FULL AND OPEN COMPETITION

Awarded

16PBGC26P0008Federal

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 16PBGC26P0008 to Wellington Management Company LLP on September 25, 2026. This action was executed as a sole-source bridge contract under the statutory authority of 41 U.S.C. 3304(a)(1), utilizing a Justification for Other Than Full and Open Competition. The primary objective of this agreement is to ensure the continuity of critical fixed-income investment services and prevent any operational lapses while the agency completes a competitive source selection process for a permanent replacement contract. The contract is categorized under NAICS code 523940 and specifies a performance period 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 the District of Columbia. This strategic bridge allows the PBGC to maintain essential financial management functions during the transition to a new service provider.

General Info

PBGC awarded Wellington Management a sole-source bridge contract for fixed-income investment services.

Agency

Department Of Labor → Pension Benefit Guaranty Corporation

NAICS

523940 - Portfolio Management and Investment Advice

Place of Performance

77416, DC, USA

Set-Aside

NONE

Documents

1

PBGC Justification for Other Than Full and Open Competition - Wellington Management Company LLP

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 # 16PBGC26P0008 to WELLINGTON MANAGEMENT COMPANY LLP awarded on September 25, 2026.

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

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