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Insurance Fund - NYS·New York

Terrorism Risk Modeling Services

Closes 8/18/2026$2.5M – $10MRequest for ProposalLogin required
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Description

NYSIF is seeking proposals from qualified firms capable of providing Terrorism Risk Modeling Services, as further described in the Request for Proposals (RFP). NYSIF is seeking proposals from qualified Bidders to provide risk modeling and analytic services regarding terrorism exposures to workers compensation carriers, in particular for risks located in the State of New York. NYSIF anticipates awarding a single contract. The solicitation document may be obtained from NYSIF’s Procurement website at www.nysif.com/procurement. Interested parties should e-mail [email protected] with any questions. Please include “NYSIFRFP 2026-39-INS” in the subject line of the e-mail. All amendments, clarifications and any announcements related to this procurement will be posted on NYSIF’s website at: www.nysif.com/procurement. It is the sole responsibility of the bidders to check the website for any amendments, clarifications or updates. All applicable amendment information must be incorporated into the firm’s proposal. Failure to include this information in your proposal may result in the proposal being deemed non-responsive. Proposals from responsible bidders are due August 3, 2026 August 18, 2026 by 2:00 p.m. EST. The calendar of events is detailed in the RFP. Pursuant to State Finance Law § 139-j and § 139-k, this solicitation includes and imposes certain restrictions on communications between NYSIF personnel and a prospective bidder during the procurement process. Designated staff for this solicitation is Kolby Carpenter & Vincent Ginardi, NYSIF, 15 Computer Drive West, Albany NY 12205, [email protected]. Contacts made to other NYSIF personnel regarding this procurement may disqualify the prospective bidder and affect future procurements with governmental entities in the State of New York. NYSIF is committed to achieving its goal of increasing opportunities for New York State Minority and Women’s Business Enterprises (M/WBE) and Service-Disabled Veteran Owned Businesses (SDVOB). Any company that feels it may meet the state requirements for MWBE certification but has not done so already is also encouraged to visit the NYS Empire State Development website at https://www.esd.ny.gov/doing-business-ny/mwbe for more information. We encourage any firm that believes it meets the state requirements for SDVOB certification to visit The Division of Service-Disabled Veterans’ Business Development within the NYS Office of General Services (OGS) at https://ogs.ny.gov/Veterans/. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: Risk Management Solutions, Inc

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Kolby Carpenter(Contract Management Specialist)

[email protected]

(100) 000-0000

Key dates

Opened
6/30/2026
Closes
8/18/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Insurance
NAICS
524114
Solicitation №
2026-39-INS

Budget estimate

$2,500,000 – $10,000,000

The budget for this opportunity is difficult to estimate, as the document does not provide a specific budget or payment amount. However, considering the scope of work and the contract period of 5 years, it is likely that the budget will be substantial. Factors that may influence the likely payment range include the complexity of the risk models and analytics required, the level of expertise and experience of the selected firm, and the amount of resources required to support the contract. A rough estimate for the budget could be in the range of $500,000 to $2,000,000 per year, depending on the specifics of the contract and the services provided.

AI estimate from the solicitation

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