Pbm Government Bids & RFPs

Technical proposals are due by 5:00 p. m. ET on July 27, 2026, and price proposals are due by 5:00 p. m. ET on August 7, 2026.

The document does not specify payment terms, but states that pricing must be based on Peehip's data and submitted in an Excel file format.

The document does not explicitly mention warranty terms for the services provided.

Proposals will be evaluated based on cost and technical evaluation factors, with the contract awarded to the most advantageous offerors.

Offerors must meet minimum requirements for prior experience, including providing Medicare Part D services to at least 30,000 lives for a minimum of five years, and be licensed in all 50 states and U. S. territories.

The document mentions a daily penalty of $500 per day for failing to respond to Peehip's contract drafts within 15 business days.

The RFP mentions that Peehip reserves the right for site visits and to incorporate their results into the scoring evaluation if deemed appropriate.

The document does not mention requirements for sample submissions.

The document does not specify a deadline for challenges or objections.

Failure to follow submission instructions, late proposals, or non-compliance with RFP requirements may result in disqualification.

Proposals are due August 4, 2026, by 2:00 PM EST.

The audit agency shall submit itemized bills for payment of services to NYSIF on a monthly basis. NYSIF uses electronic funds transfer for payments.

Award will be made on the basis of best value, optimizing quality, cost, and efficiency. The evaluation criteria are: technical proposal (65%), financial proposal (30%), and a quantitative factor for NYS certified minority and women owned businesses, small businesses, and service disabled veteran owned businesses (5%).

Bidders must have a minimum of five years of 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. They must also have five years of experience in auditing services involving typical pharmacy pricing structures and brand/generic classification. A conflict of interest with the incumbent PBM is prohibited.

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. Penalties may include withholding payment.

Audits are expected to be conducted remotely.

Provide an example of the work product of a previously performed PBM audit with proprietary information redacted or deidentified.

Failure to meet mandatory requirements, failure to disclose the use of generative AI, failure to properly complete and provide MWBE participation documents, or not meeting minimum required data security levels can result in disqualification.

Submissions must be received no later than July 7, 2026 by 3:00 CT. Submissions must be received no later than july 7, 2026 by 3:00 ct.