Model Validation Services

Solicitation number 20250392

Publication date

Closing date and time 2025/08/29 14:00 EDT

Last amendment date

Description

The Office of the Superintendent of Financial Institutions (OSFI) is an independent agency of the Government of Canada, established in 1987 to contribute to the safety and soundness of the Canadian financial system. OSFI supervises and regulates federally registered banks and insurers, trust and loan companies, as well as private pension plans subject to federal oversight.

The Risk Quantification Division (RQD) is engaged in developing quantitative tools to independently assess Federally Regulated Financial Institution’s (FRFI) reporting, execute a variety of stress scenarios, and perform sensitivity analysis on this data. This ultimately informs regulatory policy and capital adequacy requirements.

RQD is looking for an independent 3rd party to validate a model/tool used in assessing these macro scenario impacts.

Contract duration

The estimated contract period will be 4 month(s), with a proposed start date of 2025/09/08.

Trade agreements

  • North American Free Trade Agreement (NAFTA)
  • World Trade Organization Agreement on Government Procurement (WTO GPA)
  • Canada-Chile Free Trade Agreement (CCFTA)
  • Canada-Peru Free Trade Agreement (CPFTA)
  • Canada-Colombia Free Trade Agreement
  • Canada-Panama Free Trade Agreement
  • Canada-Honduras Free Trade Agreement
  • Canada-Korea Free Trade Agreement (CKFTA)
  • Canadian Free Trade Agreement (CFTA)
  • Canada-European Union Comprehensive Economic and Trade Agreement (CETA)
  • Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)
  • Canada-Ukraine Free Trade Agreement (CUFTA)
  • Canada-UK Trade Continuity Agreement (Canada-UK TCA)

Reason for limited tendering

A contracting officer can use limited tendering for specific reasons outlined in the applicable trade agreements. The reason for this contract is described below:

  • None
Contact information

Contracting organization

Organization
Office of the Superintendent of Financial Institutions (OSFI)
Address

255 Albert Street

Ottawa, ON, K1A 0H2
Canada
Contracting authority
Aleksandra Green
Phone
(613) 293-5842
Email
Contracting-Approvisionnement@osfi-bsif.gc.ca
Bidding details
Full details regarding this tender opportunity are available in the documents below. Click on the document name to download the file. Contact the contracting officer if you have any questions regarding these documents.
Caption
Document title Amendment no. Language Unique downloads Date added
AMD001 - RFP_0.pdf 001 EN and FR 9 2025/08/20
Questions and Answers - Model Validation_e_0.pdf 001 EN 8 2025/08/20
Questions and Answers - Model Validation_f_0.pdf 001 FR 2 2025/08/20
Request for Proposal (RFP)_en.pdf 001 EN 100 2025/07/09
Request for Proposal (RFP)_f_0.pdf 001 FR 6 2025/07/09
Access the Getting started page for details on how to bid, and more.

Summary information

Notice type
Request for Proposal
Language(s)
English, French
Region(s) of delivery
Toronto
Region of opportunity
Toronto
Contract duration
4 month(s)
Procurement method
Competitive – Open Bidding
Selection criteria
Highest Combined Rating of Technical Merit and Price
Commodity - UNSPSC
Click the links below to see a list of notices associated with the UNSPSC.