NYSIF is seeking proposals for audit services for its PBM agreement. The contract period is five years. Proposals are due on August 4, 2026, at 2:00 p. m. EST. Award will be based on best value, with the ability to perform services being most important. Bidders must demonstrate 5 years of experience in auditing services for group health or property casualty insurance companies with an emphasis on PBM. All rates must be all-inclusive, and travel expenses are not allowed.
The audit agency shall submit itemized bills for payment of services to nysif on a monthly basis. The audit agency shall submit itemized bills for payment of services to nysif on a monthly basis.
The award will be made on the basis of best value, as determined by the evaluation process. award will be made on the basis of best value, as determined by the evaluation process.
Bidders are required to have a minimum of five 5 years experience in providing auditing services in accordance with statutory accounting principles and generally accepted auditing standards for group health or property casualty insurance companies with an emphasis on pharmacy benefits management. bidders are required to have a minimum of five 5 years experience in providing auditing services in accordance with statutory accounting principles and generally accepted auditing standards for group health or property casualty insurance companies with an emphasis on pharmacy benefits management.
NYSIF reserves the right to penalize the contractor, including termination of the contract, if the contractor fails to adhere to any or all of the requirements of this contract. nysif reserves the right to penalize the contractor, including termination of the contract, if the contractor fails to adhere to any or all of the requirements of this contract.
Failure to meet any of the mandatory requirements section 2. 1, the bidder will be disqualified, and no further evaluation or scoring will be completed. should a bidder fail to meet any of the mandatory requirements section 2. 1, the bidder will be disqualified, and no further evaluation or scoring will be completed.