StockMarketWire.com - Outsourcing company Serco Group said it had signed a contract with a total potential value of $200m to provide field office support services to the US Pension Benefit Guaranty Corporation.

The single award, indefinite delivery indefinite quantity contract had a one-year base period and four option years.

The first task order had already been issued with a five-year value of up to $112m.

Under the contract, Serco would support field offices to manage documents and records, build databases, administer benefits, analyse data, automate data processes and provide customer support.

'The award strengthens Serco's citizen services capabilities in the US and internationally and, in particular, builds on our experience and past performance supporting the FRTIB and CMS contracts.'



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