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NAICS Code· 551112

Offices of Other Holding Companies

This U.S. industry comprises legal entities known as holding companies (except bank holding) primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold. Cross-References. Establishments primarily engaged in--Show more

NAICS 551112 — Offices of Other Holding Companies encompasses entities that manage a portfolio of subsidiary companies without engaging directly in operational or production activities. These holding companies typically provide strategic oversight, financial management, corporate governance, and administrative support services to their subsidiaries, which may operate across diverse industries such as defense, aerospace, healthcare, or information technology.

$1.5M
Total Obligations (12mo)
5
Awarded Contracts (12mo)
5
Contractors Awarded (12mo)
+100.0%
YoY Growth

Contract Opportunities

Active solicitations and awarded contracts classified under NAICS 551112Offices of Other Holding Companies.

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NAICS 551112 FAQ

Frequently Asked Questions

NAICS code 551112 covers Offices of Other Holding Companies. This U.S. industry comprises legal entities known as holding companies (except bank holding) primarily engaged in holding the securities of (or other equity interests in) companies and enterprises for the purpose of owning a controlling interest or influencing the management decisions of these firms. The holding companies in this industry do not administer, oversee, and manage other establishments of the company or enterprise whose securities they hold. Cross-References. Establishments primarily engaged in--

Recently Posted in Offices of Other Holding Companies

NAICS: 551112
Closed
SLED
Insurance Law CounselThe contract involves providing specialized legal services to the Commonwealth of Pennsylvania, specifically supporting the Pennsylvania Insurance Department’s Office of Corporate and Financial Regulation (OCFR). The scope of work encompasses evaluating and overseeing the financial health of insurance companies, including activities such as reviewing Risk-Based Capital Plans, examining assets and liabilities of troubled insurers, formulating corrective orders, and handling related litigation. Additionally, the legal services may extend to seeking administrative declarations of insolvency, prosecuting liquidation petitions, and advising administrative and judicial proceedings. The engagement aims to ensure compliance with various insurance laws, including the Suspension of Business, Risk Management and Own Risk Solvency Assessment, Insurance Holding Companies, and Corporate Governance laws, with the potential for broader legal support as directed by the Chief Counsel. The procurement process is conducted under the authority of the Commonwealth’s procurement laws and executive orders, with a contract value estimated between 500,000 and 2,000,000 dollars. Interested law firms must submit proposals by November 21, 2024, including detailed personnel experience, project references, and cost proposals, all of which are evaluated to select qualified legal counsel. The contractual arrangement will be formalized through a template contract that specifies terms such as scope of services, compensation (paid from estate funds), billing procedures, and compliance requirements. Supporting documents include confidentiality notices for proprietary information, detailed proposal cover sheets, and appendices outlining personnel qualifications, project references, and cost submittals. The overall objective is to establish a qualified legal team capable of handling complex insurance regulatory matters, litigation, and administrative proceedings on behalf of the Commonwealth, ensuring legal compliance and effective oversight of the insurance industry within Pennsylvania.
Office of General Counsel

POSTED

over 1 year ago

CLOSED

over 1 year ago
View Details

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