MODIFICATION
R -- Financial Advisory Services - Advisory Multi-Step Process
- Notice Date
- 5/5/2017
- Notice Type
- Modification/Amendment
- NAICS
- 523110
— Investment Banking and Securities Dealing
- Contracting Office
- Pension Benefit Guaranty Corporation, Chief Management Officer, Procurement Department, 1200 K Street, N.W., Washington, District of Columbia, 20005-4026, United States
- ZIP Code
- 20005-4026
- Solicitation Number
- PBGC01-RP-17-0016
- Point of Contact
- David Poppe, , Joy Bolluyt,
- E-Mail Address
-
poppe.david@pbgc.gov, bolluyt.joy@pbgc.gov
(poppe.david@pbgc.gov, bolluyt.joy@pbgc.gov)
- Small Business Set-Aside
- N/A
- Description
- Advisory Phase Questionnaire Performance Work Statement (Draft) This notice is issued pursuant to FAR 15.202, Advisory Multi-Step Process, and FAR 5.204, Presolicitation Notices. This notice contains a description of the requirement and instructions on how companies should respond. This notice is not the actual solicitation, but is for the purpose of identifying interested Firms and to advise on their potential viability as competitors prior to soliciting proposals. The solicitation for this requirement is expected for release within the next 15 - 30 days. This notice does not constitute a commitment on the part of the Government, and does not guarantee that an actual solicitation or a contract will be issued. 1. Overview 1.1 The Pension Benefit Guaranty Corporation (PBGC) is a federal agency that guarantees payment of private pension benefits when companies and pension plans fail. PBGC protects some 44 million Americans in over 27,500 private defined benefit and benefit plans. Under the Employee Retirement Income Security Act (ERISA) plan sponsors and their controlled group members (loosely defined as parents, subsidiaries and affiliated companies) are jointly and severally liable for making minimum required contributions to their pension plans. When a pension plan terminates, plan sponsors and controlled group members are liable to PBGC or the unfunded benefit liabilities (UBL) associated with the terminated plan. PBGC requires the services of financial advisory firms to support its interests in bankruptcy and restructuring and transactions and related matters. Through its Corporate Finance and Restructuring Department (CFRD), PBGC monitors the activities of pension plan sponsors and their controlled group members to ascertain whether those activities pose a risk to the pension plans insured by PBGC. If so, CFRD strives to mitigate risk. Bankruptcy and restructuring activities undertaken by plan sponsors and their controlled group members frequently pose a risk to PBGC's insurance program. 1.2 The Contractor shall provide PBGC with high quality, experienced financial advisory services in support of ONE or BOTH major support areas, which are: 1) Transaction Support and/or 2) Bankruptcy and Restructuring. As applicable to the awarded support area(s), the Contractor shall provide complex bankruptcy and restructuring activities, transactions, valuations, and other matters involving pension plan sponsors and controlled group members in a manner that enhances PBGC's mission by mitigating risks to the Pension Insurance Program and, when appropriate, maximizing PBGC's recoveries. 1.3 This is a performance based requirement that not only provides the above described services, but also may include preparation of and providing of expert witness support. 1.4 PBGC intends to award multiple Indefinite-Delivery, Indefinite-Quantity (IDIQ) contracts to financial advisory firms to two major support areas under the IDIQ. When a transaction arises with which CFRD needs assistance, PBGC will determine which support area the requirement falls under and then extend to all Contractors awarded a seat under the applicable support area a fair opportunity to compete for the task order. 1.5 The resultant contract is anticipated to be a Multiple Award, IDIQ contract, contractors awarded under one or both major support areas (Transaction Support and/or Bankruptcy and Restructuring) with a potential of up to 5 years of performance. 2. Advisory Multi-Step Process 2.1 PBGC invites interested contractors to review the attached Advisory Phase Questionnaire, complete it, and return the questionnaire to David Poppe at poppe.david@pbgc.gov and Joy Bolluyt at Bolluyt.joy@pbgc.gov by 11:00 a.m. Eastern Time on May 16, 2017. Late Questionnaires will not be reviewed. 2.2 The competition for this requirement is expected to be very complex, require a lot of input to the proposals and a large commitment on those that participate. PBGC will advise Firms responding to the Advisory Phase Questionnaire if they are considered viable or not to compete in this acquisition. The feedback provided is intended to help the firm decide for themselves if it is going to invest time and resources in the competition. If a company is determined not to be a viable competitor, they are NOT precluded from submitting a proposal once the actual solicitation is issued. Limit responses to only what is requested in the Advisory Phase Questionnaire. Additional information provided outside of the Questionnaire will not be reviewed and will not be considered in determining the viability of a potential Offeror. Completed and submitted questionnaires are considered "Source Selection Sensitive" and shall be protected in accordance with FAR 3.104-4. 2.3 This phase is NOT to be construed as the Request for Proposal (RFP), is not mandatory and the Government WILL NOT reimburse proposal costs stemming from this phase. This is merely an opportunity, given the significant financial investment required to participate in this acquisition, for the Government to advise interested Agencies of their potential to be a viable competitor in this acquisition. It is NOT to be construed as a formal evaluation in response to a Request for Proposal. 2.4 The Contracting Office WILL NOT entertain questions at this phase. There will be a question phase allotted for, if necessary, upon release of the solicitation.
- Web Link
-
FBO.gov Permalink
(https://www.fbo.gov/spg/PBGC/CMO/PD/PBGC01-RP-17-0016/listing.html)
- Place of Performance
- Address: 1200 K Street NW, Wasington, District of Columbia, 20005, United States
- Zip Code: 20005
- Zip Code: 20005
- Record
- SN04497645-W 20170507/170505234215-8da1b9ad5ce9ea877ccd70a885fc82b5 (fbodaily.com)
- Source
-
FedBizOpps Link to This Notice
(may not be valid after Archive Date)
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