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  5. ›IFB-ARMICS- Agency Risk Management and Internal Control…

DGS Division of Purchases and Supply·Virginia

IFB-ARMICS- Agency Risk Management and Internal Control Standards

Closes 5/27/2026$45k – $125kInvitation for Bid
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Description

This solicitation seeks a qualified vendor to develop, implement, and maintain agency‑wide risk management and internal control standards (ARMICS). The contractor will work with the Department of General Services to create policies, procedures, training, and assessment tools that ensure compliance with applicable regulations and improve organizational risk posture. • Design and document comprehensive risk management frameworks and internal control standards tailored to the agency’s operations. • Provide training, workshops, and guidance to agency staff on ARMICS adoption and ongoing compliance. • Perform periodic assessments, audits, and updates to the standards to reflect regulatory changes and emerging risks.

Attached files

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

Contact

Sandra Stacy

Key dates

Opened
4/20/2026
Closes
5/27/2026

Last updated

Details

Type
Invitation for Bid
Industry
Risk Management
NAICS
541618
Solicitation №
IFB-115649

Budget estimate

$45,000 – $125,000

No specific contract value is disclosed. Based on typical consulting rates for risk‑management framework development (approximately $150–$250 per hour) and an estimated effort of 300–500 hours, the total contract value is likely to fall between $45,000 and $125,000. Factors influencing the range include the depth of documentation required, number of training sessions, and any ongoing assessment support.

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