About this opportunity
AI summaryThe buyer seeks a vendor to provide a cloud-based information and payment processing system to support insurance regulatory, administrative, and payment processing functions. The requested hosted solution must automatically calculate company assessments, track calculation version histories, generate worksheets, manage automated reminder emails, execute automated audits, and reconcile liabilities with payments. Only onshore USA organizations are eligible to bid, and the contractor will perform the work offsite. Offerors must complete and submit Appendix C regarding authorization to transact business in the Commonwealth of Virginia with their proposal. The buyer will host a pre-bid meeting on November 04, 2026, and all questions must be submitted no later than November 12, 2026. Offerors may submit their responses digitally via email or online.
Buyer and opportunity details
- Client
- Virginia State Corporation Commission
- Solicitation No.
- SCC-26-030-BOI
Scope of work
- BOI Information and Payment Processing System implementation
- Requirements traceability and change management
- Data management plan
- Testing and operational component validation including UAT
- Training materials and training execution
- Security and privacy requirements implementation and controls
- Disaster Recovery Plan (DRP)
- Business Continuity Plan (BCP)
Minimum qualifications
- Offeror must be registered with the Virginia State Corporation Commission or qualify for an authorized exemption to transact business in Virginia.
Documents to include with your response
- Appendix C: Authorization to Transact Business in the Commonwealth of Virginia (SCC Form)
- Exhibit E: Milestones and Deliverables
- Proposed Implementation Schedule
- Appendix D: Proposed Changes (if proposing changes to SCC language)
Contract details
- Insurance and bonding
- Coverage required includes Professional Liability/Errors and Omissions, Excess or Umbrella Liability, Cyber Liability, Technology Errors and Omissions, and Commercial Fidelity and Crime Insurance.