# SAM #16PBGC26P0008

PBGC sole-source bridge contract for fixed-income investment management

**Buyer:** Pension Benefit Guaranty Corporation
**Posted:** October 01, 2026
**Identifier:** 16PBGC26P0008
**NAICS:** 523940

PBGC published a justification supporting a sole-source bridge contract for continued management of its fixed-income investment portfolios.
- **Agency and purpose**
  - The Pension Benefit Guaranty Corporation (PBGC), through its Procurement Department for the Corporate Investments Department, seeks a bridge contract with Wellington Management Company LLP.
  - The contract is intended to avoid a lapse in investment services while PBGC completes a competitive acquisition.
- **Requested services**
  - Active management of PBGC Trust Fund fixed-income portfolios, including Core Fixed Income, Long Duration Fixed Income, Global Fixed Income, and Emerging Markets Debt strategies.
  - Services include portfolio construction to seek returns above applicable benchmarks, along with oversight, trading, risk management, and compliance monitoring under PBGC investment guidelines.
- **Schedule**
  - Services are needed beginning September 30, 2026, when the current contract ends. The planned bridge award is August 2026.
  - The anticipated period is six months, with an optional three-month extension; the justification describes a bridge of up to nine months. PBGC estimates the competitive replacement contract will be awarded in March 2027.
- **Competition and disclosure**
  - The notice is a justification for other than full and open competition; the attached, fully executed justification provides the rationale and further details.
  - No quantities, part numbers, or contract value are stated in the provided information.

### Description

<p>This is a Justification for Other Than Full and Open Competition related to contract #&nbsp;16PBGC26P0008 to WELLINGTON MANAGEMENT COMPANY LLP awarded on September 25, 2026.</p>

<p>For additional information please see attached Justification for Other Than Full and Open Competition.</p>

[View original listing](https://sam.gov/opp/449bc786e6b94b52bbde543aeba22624/view)