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Michigan Department of Insurance and Financial Services·Michigan

Notice of Intent to Award for RFP #260000002069

Closes 8/12/2026$250k – $600kRequest for Proposal
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Description

The Department of Insurance and Financial Services is seeking to establish a pre-qualification pool of contractors to provide captive insurance company financial examination services. The contract term is three years, with up to three 2-year renewal options. The successful bidder will be required to provide services that meet the requirements outlined in the RFP. The evaluation criteria include technical evaluation, pricing, and best value. The State may conduct an on-site visit to inspect the bidder's facilities and may request additional information or clarification during the evaluation process. • The RFP was posted on 5/21/26, and proposals were due by 6/22/26. • The evaluation criteria include technical evaluation, pricing, and best value. • The contract term is three years, with up to three 2-year renewal options. • The State may conduct an on-site visit to inspect the bidder's facilities. • The State may request additional information or clarification during the evaluation process.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Darcie Payne(Solicitation Manager)

[email protected]

(517) 930-9402

Key dates

Opened
8/4/2026
Closes
8/12/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524113
Solicitation №
NIA1-651-260000000721-1

Budget estimate

$250,000 – $600,000

The budget for this opportunity is estimated to be around $300,000, as mentioned in the award recommendation. However, this amount may vary depending on the services provided and the number of renewals. The State may also consider the overall economic impact to the State of Michigan when making the award. The factors that may influence the likely payment range include the scope of work, the number of personnel required, and the hourly rates of the personnel.

AI estimate from the solicitation

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