SAM #16PBGC26P0010

PBGC Fixed-Income Investment Management Sole-Source Bridge Justification

PBGC published a fully executed justification supporting a sole-source bridge for fixed-income investment management services from Pacific Investment Management Company LLC (PIMCO). - Agency and purpose: The Pension Benefit Guaranty Corporation (PBGC) Procurement Department, supporting its Corporate Investments Department, seeks to avoid a lapse in investment management while it completes a competitive replacement acquisition. - Services: Active management and related portfolio services for PBGC Trust Fund fixed-income investments, including portfolio oversight, trading, risk management, and compliance monitoring. - Strategies covered: Core Fixed Income, Long Duration Fixed Income, Global Fixed Income, and Emerging Markets Debt. - Bridge period: Anticipated six months, with an optional three-month extension; the justification describes a need for up to nine months. The current contract ends September 30, 2026, and the replacement award is projected for March 2027. No specific bridge start or end date is stated. - Contract and value: The notice is associated with contract 16PBGC26P0010. The justification provides no estimated contract cost, quantities, or part numbers.

Description

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.  

View original listing