NIA1-651-260000000721-1 | Notice of Intent to Award for RFP #260000002069

The State of Michigan, through the Department of Insurance and Financial Services and under the agency designation of Downtown Lansing, is issuing a Notice of Intent to Award for solicitation NIA1-651-260000000721-1, seeking financial examination services for captive insurance companies across Michigan. The contract, with an estimated value of $300,000, is structured as a three-year base term with up to three optional two-year renewals, potentially extending performance to nine years. Proposals were evaluated using a best-value trade-off methodology across four equally weighted technical factors totaling 100 points: compliance with core requirements, project plan and delivery methodology, organizational structure and pricing transparency, and completeness of vendor responses to solicitation inquiries. Proposals must achieve a minimum technical score of 80 to be considered for award, and the selected vendor must demonstrate that key personnel include certified public accountants familiar with Michigan’s specific captive insurance laws, regulations, and administrative rules. Performance will occur at various locations throughout Michigan, with compensation tiers adjusting based on travel requirements and role responsibilities, as outlined in detailed hourly rate schedules for the two shortlisted vendors—INS Regulatory Insurance Services, Inc. and Noble Consulting Services, Inc. The submission process required electronic delivery through the SIGMA VSS portal by June 22, 2026, with all contract modifications must be submitted in Microsoft Word using tracked changes and comments. No formal contract clauses, packaging requirements, invoicing systems, or accounting line identifiers were specified, and while socioeconomic certifications were solicited, offerors reported no affirmative responses for small business, veteran-owned, or disadvantaged status. Final award is contingent upon approval by the State Administrative Board, and the State retains the right to conduct interviews, background checks, and on-site evaluations prior to contract execution.