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Pension Benefit Guaranty Corporation Awarded a Contract to BLACKROCK FINANCIAL MANAGEMENT INC for $15,974,756.40

Signed on

3/27/2023, 12:00 AM

BLACKROCK FINANCIAL MANAGEMENT INC Government Contract #16PBGC23C0006

BLACKROCK FINANCIAL MANAGEMENT INC was awarded a contract with the United States Government for $15,974,756.40. 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 BlackRock Financial Management Inc, a U.S.-Owned Business based in New York. The contract is for an Investment Risk Management System, funded by the Pension Benefit Guaranty Corporation, worth $4,162,500. Notable spending includes total obligations of $2,775,000 with a significant base and all options value of $15,974,756.40.

Contract Details

Contract ID16PBGC23C0006
Contract TypeD
Total Obligation$4,162,500.00
Exercised Options$4,162,500.00
Base Amount + Options$15,974,756.40
Date Signed2023-03-27
Contract DescriptionINVESTMENT RISK MANAGEMENT SYSTEM
Start Date2023-03-28
End Date2026-03-27

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

RecipientBLACKROCK FINANCIAL MANAGEMENT INC
Recipient Location40 E 52ND ST NEW YORK NEW YORK, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

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