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Pension Benefit Guaranty Corporation Awarded a Contract to SP PLUS CORPORATION for $1,538,217.60

Signed on

3/30/2022, 12:00 AM

SP PLUS CORPORATION Government Contract #16PBGC22C0016

SP PLUS CORPORATION was awarded a contract with the United States Government for $1,538,217.60. The contract was awarded by the agency office PENSION BENEFIT GUARANTY CORP, which is a division with the Pension Benefit Guaranty Corporation within the Pension Benefit Guaranty Corporation.

Summary of Award

The recipient of the federal contract is SP Plus Corporation, a U.S.-owned business that operates parking lots and garages. The contract, funded by the Pension Benefit Guaranty Corporation, is for a subsidized parking program worth $1,007,960. Notable transactions include disbursements of $247,228.8 and $240,028.8 on specific dates, reflecting spending patterns within the contract.

Contract Details

Contract ID16PBGC22C0016
Contract TypeD
Total Obligation$1,006,960.00
Exercised Options$1,006,960.00
Base Amount + Options$1,538,217.60
Date Signed2022-03-30
Contract DescriptionSUBSIDIZED PARKING PROGRAM
Start Date2022-04-01
End Date2026-03-31

Agency Details

Awarding AgencyPension Benefit Guaranty Corporation
Awarding Sub AgencyPension Benefit Guaranty Corporation
Awarding OfficePENSION BENEFIT GUARANTY CORP
Funding AgencyPension Benefit Guaranty Corporation
Funding Sub AgencyPension Benefit Guaranty Corporation
Funding OfficePENSION BENEFIT GUARANTY CORP

Recipient Details

RecipientSP PLUS CORPORATION
Recipient Location200 E RANDOLPH ST STE 7700 CHICAGO ILLINOIS, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00007$0.00April 10, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006$247,228.80February 12, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $247,228.80 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$0.00January 7, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004$240,028.80March 18, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $240,028.80 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$0.00May 14, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$233,030.40March 7, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $233,030.40 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$314,243.20March 15, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $314,243.20 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #0$219,657.60March 30, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $219,657.60 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$0.00April 13, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007$0.00April 10, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00006$247,228.80February 12, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $247,228.80 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00005$0.00January 7, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004$240,028.80March 18, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $240,028.80 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$0.00May 14, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$233,030.40March 7, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $233,030.40 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$314,243.20March 15, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $314,243.20 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.

Transaction #0$219,657.60March 30, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $219,657.60 to SP PLUS CORPORATION. The payment included a Subsidy Cost of $0.00.