REQUEST FOR PROPOSALS – MODEL VALIDATION CONSULTING RFP
ABOUT FCC
FCC is Canada’s leading agriculture and food lender, dedicated to the industry that feeds the world. FCC employees are committed to the long-standing success of those who produce and process Canadian food by providing flexible financing, AgExpert business management software, information and knowledge. FCC provides a complement of expertise and services designed to support the complex and evolving needs of food businesses. As a financial Crown corporation, FCC is a stable partner that reinvests profits back into the industry and communities it serves. For more information, visit fcc.ca.
RFP CONTACT
Dhruv Bhatt
Procurement and Vendor Manager
Farm Credit Canada
procurement@fcc.ca
RFP SCOPE
FCC’s Operational Risk Management department requires supplemental resources to provide support to its Model Validation team that manages an inventory of approximately 150 models, including a few third-party models. As various models undergo validation processes, the Consultants will be engaged to provide advice to internal FCC resources with respect to industry best practices and to provide expertise with regards to model methodologies, parameterizations, back-testing and overall model management
FCC has an internal model validation team and established model risk governance processes. Proponent’s work will align to FCC’s model risk policy, framework, guidelines, in addition to industry practices including OSFI E-23 Model Risk Management guidelines.
FCC’s intention through this RFP is to establish a one-time Pre-Qualified (PQ) List of Proponents who can provide Model Validation services.
For further details, refer to the RFP and Appendix A (RFP Schedule, Evaluation Process, Scope and Proposal Instructions) documents that are uploaded to MERX.
RFP PARTICULARS
- All conditions for Proponent participation are included in the RFP documents.
- Duration of Contract: 3 Year
- Options: 1 year option
- Estimated Quantity of Goods or Services: See RFP for further details
- Timeframe of Delivery of Goods or Services: Not applicable
RFP SCHEDULE
- RFP Release Date: July 25, 2023
- Proponent Questions Accepted Until: August 10, 2023 at 2:00PM*
- FCC Response to Proponent Questions Delivered Before: August 28, 2023 at 5:00PM*
- RFP Closing Date/Time: September 8, 2023, at 2:00PM*
NOTE: All times are CST – Saskatchewan. The above dates are subject to change at the sole discretion of FCC. Any changes to the RFP Schedule will be communicated to all Proponents via amendment on MERX.
RFP PROCESS CONSIDERATIONS
- This opportunity is covered under the provisions of Chapter 5 (Government Procurement) of the Canadian Free Trade Agreement (CFTA) and Chapter 19 (Government Procurement) of the Canada-European Union Comprehensive Economic and Trade Agreement (CETA).
- FCC is subject to the Official Languages Act (Canada). Proponents may choose to respond to this RFP in their official language of choice (English or French).
- This opportunity notice references a non-binding, competitive RFP, and is not a call for tenders. FCC is not obligated to proceed with the Work described in the RFP Scope, and may cancel the RFP at any time. FCC’s procurement process allows for consecutive or concurrent negotiations between FCC and one (1) or multiple Proponents, prior to awarding a Contract.
MERX ELECTRONIC BIDDING SYSTEM
- This Request for Proposals (RFP), including any attachments and amendments to such RFP, is available for download by the Proponent on MERX. MERX is a Canadian Public Tenders electronic bidding system accessible at https://www.merx.com. It is the sole responsibility of the Proponent to ensure its compatibility with MERX.
- Proponent proposals MUST be submitted electronically through MERX, preferably in a PDF or MS Word file, prior to the RFP Closing Date/Time specified in the RFP. Proposals submitted in other formats, by other methods or through any other means, or after the RFP Closing Date/Time specified in the RFP, may be rejected by FCC.
PRIORITY OF DOCUMENTS
In the event there are any discrepancies between this opportunity notice and the information on the MERX website proper, this opportunity notice shall take precedence.
