Pension Benefit Guaranty Corporation Awarded a Contract to LYNCHVAL SYSTEMS WORLDWIDE INC for $7,399,809.00

Q: Where is LYNCHVAL SYSTEMS WORLDWIDE INC located?

13921 PARK CENTER RD STE 180 HERNDON VIRGINIA UNITED STATES

Signed on

7/22/2025, 12:00 AM

LYNCHVAL SYSTEMS WORLDWIDE INC Government Contract #16PBGC25C0062

LYNCHVAL SYSTEMS WORLDWIDE INC was awarded a contract with the United States Government for $7,399,809.00. 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 Lynchval Systems Worldwide Inc, a small business based in Herndon, Virginia, specializing in IT and actuarial support services. The contract, funded by the Pension Benefit Guaranty Corporation, is for IT and telecom business application development support services and is worth $982,626. The contract was awarded through a competitive process with 14 offers received. Notable details include the contract being a recompete with a performance start date of 9/1/2025.

Contract Details

Contract ID16PBGC25C0062

Contract TypeD

Total Obligation$982,626.00

Exercised Options$982,626.00

Base Amount + Options$7,399,809.00

Date Signed2025-07-22

Contract DescriptionRECOMPETE OF CONTRACT NUMBER 16PBC20C0024 FOR PROVIDES IT AND ACTUARIAL SUPPORT SERVICES TO SUSTAIN PBGC'S LEGACY PIMS THAT ENABLES PRAD TO MODEL SINGLE-EMPLOYER AND MULTI-EMPLOYER PLANS. PROJECTED PERIOD OF PERFORMANCE START DATE: 9/1/2025

Start Date2025-07-22

End Date2026-08-31

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

RecipientLYNCHVAL SYSTEMS WORLDWIDE INC

Recipient Location13921 PARK CENTER RD STE 180 HERNDON VIRGINIA, UNITED STATES

Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #0 | $982,626.00July 22, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $982,626.00 to LYNCHVAL SYSTEMS WORLDWIDE INC. The payment included a Subsidy Cost of $0.00.