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ON-0002190 - Second CUDIC Accounting Standby Provider

Solicitation number BC185324

Publication date

Closing date and time 2024/02/29 17:00 EST

Last amendment date


    Description
    The purpose of this Request for Proposal (“RFP”) is to advise the business community of BCFSA’s intention to select a second qualified proponent to establish a standby agreement with BCFSA to complement its internal staff in the continuous improvement and application of the operational payout plan. The continuous improvement and application of the operational payout plan includes:
    • Securing qualified personnel in sufficient number that can be called on short notice to perform the various payout procedures at the time of failure;
    • providing accounting expertise in execution and determination of deposit insurance payments;
    • Supporting the creation, testing, and maintenance of payout technology;
    • Researching payout best practices that could be applied to the operational payout plan;
    • Performing and participating in testing, tabletop and simulation exercises; and,
    • Creation and/or maintenance of policy and procedures.
    BCFSA anticipates awarding a 3 year contract early in 2024 with two (2) - one-year options to renew at the sole discretion of BCFSA or such other mutually agreed upon period, by written agreement of the parties.

    The contract will have a total contract value of $250,000.00 to be used for standby activities completed over the 3-year term. The budget will be drawn down through deliverables provided by the Contractor in the continuous improvement and application of the operational payout plan.

    In the event of a credit union failure services will be paid on an hourly rate basis and separate from the standby fees.  

    Further details as to the scope of this opportunity and the requirements can be found within this RFP.

    Contract duration

    The estimated contract period will be 36 month(s).

    Trade agreements

    • Please refer to tender description or tender documents

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    Contact information

    Contracting organization

    Organization
    BC Financial Services Authority
    Contracting authority
    Peter Mountstevens
    Email
    Peter.Mountstevens@bcfsa.ca
    Bidding details

    Full details for this tender opportunity are available on a third-party site

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    Summary information

    Notice type
    Other
    Language(s)
    English
    Contract duration
    36 month(s)

    Support for small and medium businesses

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