PBGC awards $303M contract for Special Situation Investment Management Services to Corporate Repair and Growth Strategies, Inc
Contract Overview
Contract Amount: $302,958 ($303.0K)
Contractor: Corporate Repair and Growth Strategies, Inc
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2026-02-24
End Date: 2027-02-28
Contract Duration: 369 days
Daily Burn Rate: $821/day
Competition Type: COMPETED UNDER SAP
Number of Offers Received: 1
Pricing Type: LABOR HOURS
Sector: Other
Official Description: SPECIAL SITUATION INVESTMENT MANAGEMENT SERVICES (SSIMS)
Place of Performance
Location: MONTGOMERY, HAMILTON County, OHIO, 45242
State: Ohio Government Spending
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $302,958 to CORPORATE REPAIR AND GROWTH STRATEGIES, INC for work described as: SPECIAL SITUATION INVESTMENT MANAGEMENT SERVICES (SSIMS) Key points: 1. The contract value is $302,958, with a duration of 369 days. 2. The service falls under Portfolio Management and Investment Advice, a niche but critical area for financial stability. 3. Competition was conducted under SAP (Simplified Acquisition Procedures), suggesting a potentially less robust price discovery process. 4. The contract is for 'Special Situation Investment Management Services', indicating a focus on complex or distressed assets.
Value Assessment
Rating: questionable
The contract value is relatively low ($302,958) for investment management services, making direct per-unit cost comparisons difficult without more granular data on labor hours and specific tasks. The pricing structure based on labor hours needs careful monitoring to ensure efficiency.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was competed under SAP, which typically involves simplified procedures and may not achieve the same level of price competition as full and open competition. This could potentially lead to less favorable pricing for the government.
Taxpayer Impact: The impact on taxpayers is likely minimal given the small contract value, but the effectiveness of the services in managing special situations is key to long-term financial health.
Public Impact
Ensures management of complex or distressed investment situations for the PBGC. Supports the PBGC's mission to protect retirement benefits. Potential for improved financial outcomes through specialized investment strategies.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition under SAP
- Lack of detailed performance metrics in provided data
- Potential for cost overruns if 'special situations' are more complex than anticipated
Positive Signals
- Addresses a specialized need for investment management
- Contract awarded to a single entity, potentially allowing for focused expertise
Sector Analysis
The financial services sector, particularly investment management, is broad. This contract focuses on a niche within portfolio management, dealing with 'special situations' which can include distressed assets or complex corporate restructurings. Benchmarks for such specialized services are highly variable.
Small Business Impact
The data indicates this contract was not set aside for small businesses and does not specify if the awardee is an SMB. Further analysis would be needed to determine small business participation.
Oversight & Accountability
Oversight will be crucial to ensure the contractor effectively manages 'special situations' and that the labor hour pricing remains competitive and justified throughout the contract term.
Related Government Programs
- Portfolio Management and Investment Advice
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Limited competition
- Lack of defined performance metrics
- Potential for scope creep in 'special situations'
- Reliance on labor hours as primary cost driver
Tags
portfolio-management-and-investment-advi, pension-benefit-guaranty-corporation, oh, definitive-contract, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $302,958 to CORPORATE REPAIR AND GROWTH STRATEGIES, INC. SPECIAL SITUATION INVESTMENT MANAGEMENT SERVICES (SSIMS)
Who is the contractor on this award?
The obligated recipient is CORPORATE REPAIR AND GROWTH STRATEGIES, 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 $302,958.
What is the period of performance?
Start: 2026-02-24. End: 2027-02-28.
What specific metrics will the PBGC use to evaluate the success of 'Special Situation Investment Management Services' beyond labor hours?
The PBGC should establish clear performance metrics tied to the successful resolution or management of the 'special situations' being addressed. This could include recovery rates, reduction of liabilities, successful restructuring outcomes, or adherence to predefined investment strategies and risk tolerances. Simply tracking labor hours is insufficient for assessing value.
How does the limited competition under SAP impact the PBGC's ability to secure optimal pricing for these specialized services?
Competing under SAP (Simplified Acquisition Procedures) generally involves less formal solicitation and evaluation processes compared to full and open competition. While it can expedite procurement, it may limit the pool of potential bidders and reduce the downward pressure on pricing, potentially resulting in higher costs for the PBGC than could be achieved through a more competitive process.
What is the PBGC's contingency plan if the 'special situations' prove significantly more complex or time-consuming than initially assessed?
The PBGC should have a clear contingency plan that outlines steps to take if the scope or complexity of 'special situations' exceeds initial projections. This might involve negotiating contract modifications for additional resources, seeking alternative specialized support, or re-evaluating the overall strategy. Proactive risk management is essential for such specialized contracts.
Industry Classification
NAICS: Finance and Insurance › Other Financial Investment Activities › Portfolio Management and Investment Advice
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Solicitation ID: 16PBGC25R0061
Offers Received: 1
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 10681 BRAMBLEWOOD CIR, MONTGOMERY, OH, 45242
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $3,341,543
Exercised Options: $302,958
Current Obligation: $302,958
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2026-02-24
Current End Date: 2027-02-28
Potential End Date: 2036-02-29 00:00:00
Last Modified: 2026-04-08
Other Pension Benefit Guaranty Corporation Contracts
- Field Office Support Services — $141.0M (Serco Inc)
- O&M and DM&E Work — $130.5M (Science Applications International Corporation)
- Portfolio Management Services — $117.6M (Pgim, Inc.)
- Portfolio Management Services — $112.4M (Pacific Investment Management Company LLC)
- This to IS to Improve Customer Service Scores Reported by a 3rd-Party Vendor WHO Completes a Quarterly Participant Caller Survey. PSD Seeks to Improve CX by Reducing the Number of Contacts & Paper Forms Customers Complete to Fulfill Requests — $95.8M (Serco Inc)