Deductible Buyback Captive - Feasibility Study

The Maryland Department of Housing and Community Development is seeking a qualified third-party insurance consulting firm to conduct a comprehensive feasibility study for a Deductible Buy-Back Captive Insurance Program tailored for affordable multifamily housing projects. The selected consultant will provide data-driven recommendations regarding the viability of captive formation, including the optimal domicile, structure, required capital levels, and expected financial performance. Key deliverables include a data validation memorandum, actuarial analysis report, financial pro forma model, governance framework, and a final feasibility report with an implementation roadmap. The project is expected to be completed within 12 to 16 weeks from contract execution. This is a firm fixed price agreement with a six-month base period. Award will be based on the Competitive Sealed Proposals method, where technical and financial factors are given equal weight. Technical evaluations will focus on the offeror's work plan and preferred qualifications. Proposals must be submitted via the eMMA portal in two separate volumes: a technical proposal and a financial proposal. Contractors are required to maintain documented cybersecurity controls for sensitive financial data and must provide an affirmative statement agreeing to the prohibition of non-compete clauses. Payment is processed via electronic funds transfer and is contingent upon the submission of a signed Deliverable Product Acceptance Form.