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Maryland MIA - Purchasing·Maryland

Services - Financial Analysis Services - MIA/FR-26-001

Closes 7/31/2026$2.5M – $25MRequest for Proposal
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Description

The Maryland Insurance Administration (MIA) is seeking contractors to provide financial analysis services, including risk-focused financial analysis, to support the MIA's Financial Regulation Unit. The contractor will provide personnel to perform financial analysis on an as-needed basis, including conducting risk-focused financial analysis procedures, training staff analysts, and performing analyses of companies and transactions. The contractor must have experience in providing similar services and meet minimum qualifications, including having a minimum of 10 years of experience in providing risk-focused financial analysis services. • The contractor will be required to provide personnel with the necessary skills and experience to perform the required services. • The contractor will be required to use the TeamMate+ platform project management system to house all analysis work papers. • The contractor will be required to provide equipment, software licenses, and supplies necessary to perform the contractual services. • The contractor will be required to maintain any required professional certifications for the duration of the contract. • The contractor will be required to work a minimum of 40 hours per week, with flexibility to work outside of normal business hours as needed. • The contractor will be required to participate in any state-mandated closings. • The contractor will be required to provide a detailed explanation of the reason for any substitution of personnel and to demonstrate that the proposed substitute has qualifications at least equal to those of the personnel being replaced.

Attached files

Contact

Anthonia Chuku(Procurement Officer)

[email protected]

(410) 468-2374

Key dates

Opened
6/2/2026
Questions due
6/25/2026
Pre-bid meeting
6/18/2026
Closes
7/31/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
524113
Solicitation №
BPM057296

Budget estimate

$2,500,000 – $25,000,000

The budget for this contract is not explicitly stated, but based on the scope of work and the fact that it is a 5-year contract, it is likely to be a significant amount. The contract involves providing financial analysis services to support the MIA's Financial Regulation Unit, which suggests that the budget could be in the range of $500,000 to $5 million per year, depending on the number of personnel required and the level of expertise needed. Overall, the total budget for the 5-year contract could be in the range of $2.5 million to $25 million.

AI estimate from the solicitation

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