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U.S. Virgin Islands GVIBUY·U.S. Virgin Islands

Quality Control Contractor to assist the OLG Division of Banking, Insurance and Financial Regulation

Closes 11/21/2025$100k – $500kRequest for Proposal
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Description

The Government of the Virgin Islands is seeking a qualified contractor to assist the OLG Division of Banking, Insurance and Financial Regulation. The contractor will be responsible for reviewing financial analyses and examinations, providing training to staff, and ensuring quality and adherence to applicable standards. The contractor should have experience in similar projects and be familiar with the location where services will be performed. • The contractor will review financial analyses related to two multi-state domestic property and casualty insurers and one single-state domestic property and casualty insurer. • The contractor will review financial examination work for ten full-scope examinations and one target or limited scope examination of insurance companies. • The contractor will provide training to the Division's staff to strengthen internal expertise and enhance the Division's capacity to conduct financial analyses and examinations. • The contractor should have a strong understanding of applicable standards and regulations. • The contractor should be able to meet schedules and provide high-quality performance.

Attached files

Contact

Mahalia Hodge(Purchaser)

[email protected]

(340) 774-0828

Key dates

Opened
10/21/2025
Questions due
10/31/2025
Pre-bid meeting
10/28/2025
Closes
11/21/2025

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
541211
Solicitation №
BD-26-300-3030-620

Budget estimate

$100,000 – $500,000

The budget for this opportunity is not explicitly stated in the document. However, based on the scope of work and the fact that it is a professional services contract, the budget could be in the range of $100,000 to $500,000 per year, depending on the level of expertise and the amount of work required. This is a rough estimate and may vary depending on various factors such as the contractor's qualifications, experience, and the specific requirements of the project.

AI estimate from the solicitation

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