Salient Federal Solutions Awarded Single-Award IDIQ Contract for Actuarial Expertise and Systems Support for the PBGC Salient Team to provide combination of actuarial and systems support expertise to support the Pension Benefit Guaranty Corporation
FAIRFAX, Va., Aug. 28, 2012 /PRNewswire/ -- Salient Federal Solutions, Inc. (Salient), a leading provider of information technology, engineering, and intelligence analytic services to agencies in the federal civilian, intelligence, defense, and homeland security markets, today announced the award of a prime, single-award Indefinite Delivery Indefinite Quantity (IDIQ) for Actuarial Expertise and Systems Support (AESS) to support the Pension Benefit Guaranty Corporation (PBGC). The Salient Team includes Bolton Partners, an independent actuarial and employee benefits firm specializing in defined benefit plan administration and design, including cash balance and pension equity plans. AESS has a five-year period of performance with an anticipated value of $17.4 Million.
Under this contract, The Salient team will provide services including Actuarial Expertise, Operations and Maintenance (O&M) Services and Enhancement of Actuarial Expert Systems. The team will also perform Actuarial Studies and Integrated Present Value of Future Benefits (IPVFB) Related Special Projects, and Development/ Modernization tasks.
"We are looking forward to providing successful development, management, and enhancement services for PBGC," says Brad Antle, president and CEO of Salient. "We are well-positioned to commence the AESS contract immediately, saving transition costs and maintaining existing systems, while continuing to offer the relevant, high-quality services we are known for. We are proud to be able to offer a premium and relevant skill set and expert application of PBGC institutional practices. This comprehensive combination creates the ability to execute AESS objectives."
Salient believes that quality service is achieved through best practices and repeatable, auditable processes. This work will be performed under Salient's Federal Mission Software Solutions (FMSS) Business Unit. FMSS prides itself on its unique Monitor Everything approach, which leverages technology and business acumen to monitor the entire IT Service Delivery model. Monitor Everything provides comprehensive situational awareness and enables proactive changes rather than reactive maintenance. Salient combines Monitor Everything with our agile methodology to provide the process discipline and governance needed to meet AESS's objectives while minimizing implementation risk.
About Salient Federal Solutions: Salient Federal Solutions, Inc. is a leading provider of Federal IT and engineering solutions enabling government and industry to respond quickly to new or surge mission requirements with exactly the right people, skills, expertise, and technical solutions. The company works to accelerate mission impact by delivering highly adaptable technology services, engineering solutions, and domain expertise enabling customers to rapidly meet the pressing requirements of today, while anticipating tomorrow's evolving challenges. Salient Federal Solutions is headquartered in Fairfax, Va., with offices in McLean, Colorado Springs, Orlando, San Diego, and Tampa. More information is available at www.salientfed.com.
Salient has been recognized by Forbes Magazine as one of America's Most Promising Companies.
SOURCE Salient Federal Solutions, Inc.