RFP-171-260000002746-3 | Financial Examination Services Pre-Qualification

Solicitation 260000002746 is a pre-qualification request issued by the State of Michigan's Department of Technology, Management, and Budget to establish a pool of qualified contractors to provide financial examination and analysis services. These services primarily support the Department of Insurance and Financial Services (DIFS), other state departments, and MiDEAL members, focusing on the solvency and compliance of insurance companies doing business in Michigan, including those located outside the state. Once pre-qualified, contractors must submit project-specific proposals via a second-tier RFP process for individual assignments. The award is based on best value, requiring a minimum of 80 technical evaluation points across the Statement of Work and Vendor Questions Worksheet to be eligible for pricing evaluation. Contractors are required to adhere to Michigan insurance laws, NAIC requirements, and strict data security protocols, including a 24-hour breach notification window and a two-hour data recovery backup. Payments are made monthly as lump sum fixed prices, though the state may retain 25 percent of invoiced amounts until final acceptance by the State Program Manager. Special emphasis is placed on socioeconomic participation, requiring that at least 20 percent of subcontracted work be awarded to Michigan-based Geographically Disadvantaged Business Enterprises (GDBE) if subcontractors perform more than 20 percent of the deliverables. Proposals must be submitted in modifiable formats by November 4, 2026, with pricing provided as a separate file.