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Maryland Insurance Administration·Maryland

Financial Examination Assistance Services

Closes 9/25/2026$3M – $5MRequest for Proposal
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Description

The Maryland Insurance Administration (MIA) is seeking up to six contractors to provide staffing assistance for financial examinations of Maryland‑domiciled insurers over a five‑year indefinite‑quantity contract. Contractors will supply personnel in four functional areas—Senior Manager, Examiner‑In‑Charge, Senior Examiner, and Staff Examiner—on an as‑needed basis, meeting specified qualifications (e.g., Certified Financial Examiner designation for Senior Managers). Work includes planning examinations, conducting risk‑focused reviews, preparing work papers, training MIA staff, and delivering final reports in compliance with NAIC standards. Anticipated workload totals roughly 39,000 hours across all functional areas over the contract term, with no guaranteed minimum hours. Proposals must be submitted electronically via the eMaryland Marketplace Advantage (eMMA) system by September 25, 2026, following a double‑envelope format. A pre‑proposal conference is scheduled for August 6, 2026; questions are due by August 10, 2026. The contract type is an indefinite‑quantity agreement with fully loaded fixed hourly rates and no renewal option. • Up to six contracts awarded; no guarantee of work volume. • Functional areas: Senior Manager (CFE required), Examiner‑In‑Charge, Senior Examiner, Staff Examiner. • Minimum qualifications include recent risk‑focused examination experience and at least ten years of relevant experience. • Estimated total hours: 2,000 (Senior Manager) + 15,000 (Examiner‑In‑Charge) + 15,000 (Senior Examiner) + 7,000 (Staff Examiner). • Submission via eMMA; double‑envelope (technical & financial) required. • Pre‑proposal conference: August 6, 2026 (optional). • Questions due: August 10, 2026. • Proposal deadline: September 25, 2026, 4:00 PM EST. • Contract length: 5 years, indefinite‑quantity, fully loaded hourly rates.

Attached files

Contact

Eunice Kariuki(Procurement Officer / Buyer)

[email protected]

(410) 468-2374

Key dates

Opened
7/22/2026
Questions due
8/10/2026
Pre-bid meeting
8/6/2026
Closes
9/25/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
BPM057939

Budget estimate

$3,000,000 – $5,000,000

The solicitation does not disclose a total contract value. Based on the anticipated 39,000 total hours and typical fully‑loaded hourly rates for the functional roles (Senior Manager ~$150/hr, Examiner‑In‑Charge ~$120/hr, Senior Examiner ~$100/hr, Staff Examiner ~$80/hr), the estimated total cost over the five‑year period is roughly $4.1 million. This yields an approximate annual spend of $800 k–$1 million, depending on actual hours utilized and any premium rates for specialized expertise. Therefore, a reasonable budget range for a contractor winning a portion of the work is $3 million to $5 million over the contract term.

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