FY27 Self Insured Audit (1)

The Maryland Workers' Compensation Commission is soliciting proposals for conducting a Fiscal Year 2027 Self-Insured Audit under RFP TORFP-WCCB7600007, with proposals due November 18, 2026. The audit will determine the validity and accuracy of claim payments, case reserve estimates, and reporting submitted by selected self-insured employers on designated portions of the IC-1 Annual Information Report.

This is a competitive procurement under a master contract vehicle. Bidders must be pre-approved contractors operating under ASC Financial as the identified Master Contractor, with proposed labor rates constrained by each firm's approved Not-To-Exceed Labor Category Rates. The scope requires audit procedures and compliance verification across multiple self-insured employer accounts, demanding demonstrated expertise in workers' compensation claims administration, reserve adequacy assessment, and Maryland's regulatory reporting requirements for self-insured programs.

The Financial TOP form specifies nine labor categories: Partner, Manager, Cost Accountant, Financial Analyst, Audit Supervisor, Senior Auditor, Staff Auditor, Subject Matter Matter Expert, and Business Process Consultant. Bidders must propose not-to-exceed rates and hours for each category across the contract term, with total labor costs calculated by multiplying proposed rates by hours in each category and year. Non-routine travel cost reimbursement may be claimed as a separate line item if applicable. Total evaluated price, derived from summing all labor dollars and any approved travel, will be used in the evaluation process.

The base contract period runs eight months from Notice to Proceed through the end of Fiscal Year 2027, with four optional renewal years contingent on performance and continued program need. Evaluation criteria emphasize auditor qualifications, relevant workers' compensation experience, and systematic methodology for claim validations. Funding derives from the Workers' Compensation Commission's operational budget for compliance and audit functions. No set-asides are identified.