Basic Information

Reference Number

0000131799

Issuing Organization

ONTARIO PENSION BOARD

Solicitation Type

RFP - Request for Proposal (Formal)

Solicitation Number

2018-015-CARM/sc

Title

Enterprise Risk Management (ERM) Software

Source ID

PU.OTH.ON.682763.C100252

Agreement Types

Canada-European Union Comprehensive Economic and Trade Agreement(CETA)

Canadian Free Trade Agreement (CFTA)

Details

Location

Canada, Ontario, Toronto

Purchase Type

Duration: 5 years
Option: to extend for up to two additional periods of up to two years each

Description

This Request for Proposals (the “RFP”) is an invitation by the Ontario Pension Board (“OPB”) to prospective proponents to submit proposals for Enterprise Risk Management (ERM) Software and Related Services as further described in Section A of the RFP Particulars (Appendix D) (the “Deliverables”).

OPB is seeking a cloud-based end-to-end Enterprise Risk Management workflow and automated reporting platform (“ERM Platform”) for approximately twenty-five (25) users. The ERM Platform will support the tracking, measurement, management and reporting of enterprise risks. In addition, the service provider will provide related services such as implementation of the ERM Platform and user trainings.

Mandatory technical requirements for this RFP include the following:

Proposed Platform must be a cloud-based platform supported with evidence of SOC-II report for the primary data centre, current within the past 2 years.
OPB’s data residency must be limited within the United States (US) and Canada. Solely Canadian data residency is preferred.
No indemnity from OPB. The Agreement between OPB and the selected proponent must not contain an indemnity or any other form of indebtedness or contingent liability that would directly or indirectly increase the indebtedness or contingent liabilities of OPB.

OPB is interested in solutions that can deliver ease of use to assist in development of options for continuing OPB’s ongoing enterprise risk management efforts including:

Assignment of enterprise-wide responsibilities to manage newly-identified risk areas;
Periodic reassessment of current risk areas and identification of new strategic and operational risks.

Out of scope – OPB is not seeking a fully integrated Governance, Risk and Compliance (“GRC”) solution. Additionally, OPB is not subject to Basel II/III operational risk framework standards, OSFI regulatory guidelines, HIPPA or SOX.

The RFP process is a non-binding RFP which includes a consecutive negotiation process. The service provider may be requested to provide other related services to meet OPB needs during the term.

Dates

Publication

2018/10/04 04:31:21 PM EDT

Bid Intent

Not Available

Question Acceptance Deadline

2018/10/18 04:00:00 PM EDT

Questions are submitted online

Closing Date

2018/11/08 03:00:00 PM EST

Contact Information

Michelle Zhu

416-601-5556

michelle.zhu@opb.ca

Bid Submission Process

Bid Submission Type

Physical Bid Submission

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