Research Expertise for the Development of a Financial Resilience Index for the Financial Consumer Agency of Canada (FCAC).

NOTICE OF PROPOSED PROCUREMENT (NPP)

GSIN: AZ11 Other Research and Development

Reference Number:

20222140

Solicitation Number:

20222140

Organization Name:

The Financial Consumer Agency of Canada (FCAC)

Solicitation Date:

2022-12-29

Closing Date:

2023-02-08, 2:00 PM Eastern Time ET

Anticipated Start Date:

2023-02-15

Estimated Delivery Date:

2024-03-31

Estimate Level of Effort: 

 Varies, see RFP

Contract Duration:

The contract period will be from the date of contract to 2024-03-31 with an irrevocable option to extend it for up to one additional one-year period.

Solicitation Method:

Competitive

Applicable Trade Agreements:

The Canada-Chile Free Trade Agreement (CCFTA), the Canadian Free Trade Agreement (CFTA), the Canada-Peru Free Trade Agreement (CPFTA), the Canada-Columbia Free Trade Agreement (CColFTA), Canada-Honduras Free Trade Agreement, Canada-Korea Free Trade Agreement, and the Canada-Panama Free Trade Agreement (CPanFTA) if it is in force.

Comprehensive Land Claim Agreement Applies:

No

Number of Contracts:

1

Requirement Details

Tendering Procedure: Open Bidding

FCAC is seeking to engage a researcher/group of researchers/research firm to develop a measure of financial resilience. The result of this research will assist FCAC in measuring and tracking the financial resilience of Canadians at the national, provincial, household, and individual level.

The following components are in scope of this contract (see sections below for details):

• Reviewing existing scientific evidence and theory to conceptualize/define financial resilience.
• Develop and implement a research strategy to operationalize financial resilience and test the psychometric properties of the financial resilience measure.
• Establishing related concepts to be measured based on relevant theory and research evidence.
• Develop a measure used to measure financial resilience.
• Qualitatively and quantitatively compare the model and index with pre-existing models and indexes of financial resilience, including FCAC’s model of financial resilience presented in the National Financial Literacy Strategy.
• Validating (criterion and construct validation) the new measure of financial resilience on objective data and subjective data.
• Establishing the measure’s reliability (test-retest/internal consistency) and invariance across targeted demographic group.
• Cross-validating the validity and reliability evidence using a supplementary dataset.
• Developing Canadian norms to interpret scores.
• Final Reports (i.e., technical methodology report, research report, and user guide).

All interested suppliers are invited to submit a proposal.

Security Requirement:  N/A

Contract Authority

Name: Pavlo Kyryakov

Phone Number: (613)-290-2003

Email Address: FCAC.Contract-Contrat.ACFC@fcac-acfc.gc.ca

Inquiries

Inquiries regarding this RFP requirement must be submitted to the Contracting Authority named above. Request for Proposal (RFP) documents will be e-mailed directly from the Contracting Authority to the Qualified Supply Arrangement Holders who are being invited to bid on this requirement. BIDDERS ARE ADVISED THAT “BUYANDSELL.GC.CA” IS NOT RESPONSIBLE FOR THE DISTRIBUTION OF SOLICITATION DOCUMENTS. The Crown retains the right to negotiate with any supplier on any procurement. Documents may be submitted in either official language.