PBGC awards $309K contract to Dun & Bradstreet for risk management services
Contract Overview
Contract Amount: $309,078 ($309.1K)
Contractor: DUN & Bradstreet, Inc
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2023-06-06
End Date: 2026-06-05
Contract Duration: 1,095 days
Daily Burn Rate: $282/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: DNBI RISK MANAGEMENT
Place of Performance
Location: JACKSONVILLE, DUVAL County, FLORIDA, 32256
State: Florida Government Spending
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $309,077.94 to DUN & BRADSTREET, INC for work described as: DNBI RISK MANAGEMENT Key points: 1. Contract awarded to a well-established provider in the credit bureau sector. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. The contract value is relatively small, indicating a focused scope of services. 4. Fixed-price contract type helps manage cost certainty for the agency.
Value Assessment
Rating: good
The contract value of $309,077.94 over three years appears reasonable for specialized risk management services. Benchmarking against similar contracts for credit bureau data and analytics would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and ensures the government receives the best value.
Taxpayer Impact: The relatively low contract value suggests a minimal direct impact on taxpayers, with the primary benefit being efficient risk management for the Pension Benefit Guaranty Corporation.
Public Impact
Ensures the Pension Benefit Guaranty Corporation has access to critical risk data. Supports informed decision-making for pension plan solvency and financial stability. Leverages established industry expertise in credit and risk assessment.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for vendor lock-in if services are highly specialized.
- Reliance on a single vendor for critical risk data.
Positive Signals
- Use of full and open competition.
- Firm fixed-price contract type.
- Award to a reputable provider in the sector.
Sector Analysis
The credit bureau sector provides essential data and analytics for risk assessment. This contract aligns with the PBGC's mission to protect pension benefits by managing associated financial risks.
Small Business Impact
The data does not indicate whether small businesses were involved in this procurement. Further analysis would be needed to determine the extent of small business participation.
Oversight & Accountability
The Pension Benefit Guaranty Corporation is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms should ensure accountability and performance.
Related Government Programs
- Credit Bureaus
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Potential over-reliance on a single data provider.
- Need for ongoing validation of data accuracy and relevance.
- Scope of services may be narrowly focused.
- Contract duration could impact long-term strategic alignment.
Tags
credit-bureaus, pension-benefit-guaranty-corporation, fl, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $309,077.94 to DUN & BRADSTREET, INC. DNBI RISK MANAGEMENT
Who is the contractor on this award?
The obligated recipient is DUN & BRADSTREET, INC.
Which agency awarded this contract?
Awarding agency: Pension Benefit Guaranty Corporation (Pension Benefit Guaranty Corporation).
What is the total obligated amount?
The obligated amount is $309,077.94.
What is the period of performance?
Start: 2023-06-06. End: 2026-06-05.
What specific risk management capabilities does Dun & Bradstreet provide under this contract, and how do they align with PBGC's core mission?
Dun & Bradstreet likely provides access to their extensive databases and analytical tools for assessing financial risks associated with pension plans and their sponsors. This could include creditworthiness assessments, financial health indicators, and industry risk profiles, directly supporting the PBGC's mandate to ensure the security of defined benefit pension plans.
Are there any potential risks associated with relying on a single credit bureau for critical risk management data, particularly concerning data accuracy or completeness?
While Dun & Bradstreet is a reputable provider, over-reliance on any single source carries inherent risks. Data inaccuracies or gaps could lead to misinformed risk assessments. The PBGC should have internal validation processes or consider supplementary data sources to mitigate this risk and ensure comprehensive oversight.
How effectively does this contract contribute to the PBGC's overall goal of mitigating financial risk and ensuring the long-term solvency of the pension insurance program?
This contract is likely a tactical component supporting the PBGC's strategic goal. By providing essential risk intelligence, it enables proactive identification and management of potential threats to pension plans. Its effectiveness is contingent on the quality of data, the analytical rigor applied, and how well the insights are integrated into the PBGC's decision-making framework.
Industry Classification
NAICS: Administrative and Support and Waste Management and Remediation Services › Business Support Services › Credit Bureaus
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 16PBGC23Q0039
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 5335 GATE PKWY, JACKSONVILLE, FL, 32256
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $536,284
Exercised Options: $309,078
Current Obligation: $309,078
Actual Outlays: $309,078
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS00F022DA
IDV Type: FSS
Timeline
Start Date: 2023-06-06
Current End Date: 2026-06-05
Potential End Date: 2028-06-05 00:00:00
Last Modified: 2026-04-13
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