Feasibility Study Services
- Client
- Lanham, Maryland
- RFP Number
- DRA-11824
- Posted
- 10/8/2026
- Category
- Data Research and Analytics
- Budget
- Looking for Proposals
- NAICS
- —
- Set-aside
- —
- Contact
- —
Description
AI GeneratedThe government authority located in Lanham, MD requires a vendor to provide comprehensive, data-driven feasibility study services to analyze and recommend whether to proceed with captive formation. The selected vendor must assess commercial insurance market conditions for affordable multifamily housing, evaluate options for state financial support, perform actuarial and loss analyses, develop financial models, evaluate captive structures and domiciles, and establish a governance and operational framework. Only onshore USA organizations are eligible to apply, and performance of the work will take place offsite. Applicants must submit all questions no later than October 20, 2026, and the buyer is currently looking for proposal submissions to determine the budget.
Key solicitation details
AI-extracted from BPM059226_-_OS-DPSR_-_Deductible_Buy_Back_Captive-Feasibility_Study_-_RFP.pdf. Confirm against the original documents before bidding.
The buyer is soliciting proposals for Deductible Buy-Back Captive - Feasibility Study Services to evaluate the economic viability and structure of a deductible buy-back captive for affordable multifamily housing. Proposals are open to onshore USA organizations capable of providing insurance consulting and actuarial modeling. The contract is a firm fixed price agreement for a six-month base period.
- Issued by
- State of Maryland Department of Housing and Community Development (DHCD)
- RFP Issue Date
- October 7, 2026
- Questions Due Date and Time
- October 20, 2026 at 2:00 PM Local Time
- Proposal Due (Closing) Date and Time
- November 3, 2026 at 2:00 PM Local Time
- How to submit
- Electronic via eMarylandMarketplace Advantage (eMMA)
- Submission details
- Submit on emma.maryland.gov under Solicitation Number BPM059226 in two separate electronic envelopes: Volume I Technical Proposal in searchable Adobe PDF and Volume II Financial Proposal in eMMA price form spreadsheet and searchable PDF format.
- Contract term
- Six-month base period
- Place of performance
- Primary place of performance may be remote / offsite.
- Insurance and bonding
- Commercial General Liability with $1,000,000 per occurrence limit and $3,000,000 annual aggregate. Worker's Compensation insurance as required by law. State must be listed as an additional insured.
- Funding
- COMAR 21.05.03
How proposals are evaluated
| Offeror's Technical Response to Requirements and Work Plan | |
| Experience and Qualifications of Proposed Staff | |
| Offeror Qualifications and Capabilities, including proposed subcontractors | |
| Economic Benefit to State of Maryland | |
| Financial Proposal Evaluation Criteria (Ranked from lowest to highest price) |
Scope of work
- Evaluate economic viability of a deductible buy-back captive structure for affordable multifamily housing
- Analyze historical loss experience and deductible layer exposures
- Assess capitalization requirements and return expectations
- Evaluate legal, regulatory, and domicile options
- Recommend the form and level of state support for the captive
- Deliver actuarial report with loss projections and volatility modeling
- Develop a 5-10 year financial pro forma model and executive summary of economic findings
- Provide a comparative matrix of domicile options
Minimum qualifications
- Onshore (USA Organization Only)
- At least 3 years of experience in the last 5 years providing insurance consulting services
- Captive feasibility experience including actuarial modeling within the past 5 years
- Experience evaluating or managing insurance programs in relevant risk classes
- Licensed, approved, or authorized to operate as a captive or insurance manager in one or more recognized jurisdictions
- Documented framework describing how captive feasibility is assessed prior to full actuarial modeling
Documents to include with the bid
- Attachment A - Experience Affidavit
- Attachment 1 - No Bid Notice/Vendor Feedback Form (if applicable)
- Volume I - Technical Proposal
- Volume II - Financial Proposal / Attachment B - The Price Form
- Attachment C - Bid/Proposal Affidavit
- Attachment G - Maryland Living Wage Requirements Affidavit of Agreement
- Attachment I - Conflict of Interest Affidavit and Disclosure
- Non-Compete Clause Prohibition affirmative statement
- Individual resumes and letters of intended commitment for Key Personnel
- Organizational Chart
Verify important details
Document checkConfirm submission instructions and amendments with the issuing agency before responding.
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