Notice of Intent to Sole Source
Overview
Buyer
Place of Performance
NAICS
PSC
Set Aside
Original Source
Timeline
Qualification Details
Fit reasons
- NAICS alignment with historical contract wins in similar service areas.
- Scope strongly matches core technical capabilities and delivery model.
Risks
- Past performance thresholds may require one additional teaming partner.
- Potential clarification needed on staffing minimums before bid/no-bid.
Next steps
Validate eligibility requirements, assign capture owner, and schedule partner outreach to confirm teaming strategy before submission planning.
Quick Summary
The Pension Benefit Guaranty Corporation (PBGC) intends to issue a sole source bridge award to Ninety One North America, Inc. for emerging market investment management services. This action ensures continuity of critical services while the recompete for long-term contracts is under evaluation.
Scope of Work
The requirement is for the continuation of emerging market investment management services for assets currently managed under Contract No. PBGC01-CT-15-0044. The services will be provided by the incumbent contractor, Ninety One North America Inc., to avoid service disruption and significant transaction costs associated with liquidating and reinvesting assets.
Contract & Timeline
- Type: Sole Source Bridge Award (Special Notice)
- Incumbent: Ninety One North America, Inc.
- Proposed Period: Five months base (March 30, 2026 - August 29, 2026) with a three-month option (August 30, 2026 - November 29, 2026).
- Current Contract End: March 29, 2026.
- Set-Aside: Not applicable (sole source justification).
- Published: March 9, 2026.
Response Information
This is a Notice of Intent to Award Sole Source, not a Request for Proposal (RFP). Interested parties may request further information by March 10, 2026, 5:00 PM (Eastern Time). Responses should be sent via email to Rudy Baldus (Baldus.Carl@pbgc.gov) and Marius Morgan (Morgan.Marius@pbgc.gov). A determination to compete based on responses is solely at the Government's discretion.
Additional Notes
The justification for other than full and open competition cites FAR 12.102(b) and 41 U.S.C. 3304(a)(1). Market research indicated no other sources expressed interest in this specific bridge acquisition. The bridge contract is necessary until new competitive awards are expected by July 2026.