CanadaBuys #PRCP0003246

Third-Party Ongoing Monitoring and Cybersecurity Risks Ratings Solution for BDC

The Business Development Bank of Canada (BDC) is seeking a comprehensive solution to enhance its Third-Party Risk Management (TPRM) InfoSec capabilities as part of its cybersecurity and operational strategy. - Government Buyer: - Business Development Bank of Canada (BDC) - Contracting office and place of performance: 5, Place Ville-Marie, Montréal, Quebec, H3B 5E7, Canada - Products/Services Requested: - Third-Party Ongoing Monitoring and Cybersecurity Risks Ratings Solution - Purpose: Modernize and consolidate TPRM InfoSec capabilities - Requirements: Structured, risk-based, and scalable management of third-party risks throughout their lifecycle - Goal: Improve efficiency, governance, and visibility to meet regulatory and organizational requirements - OEMs and Vendors: - No specific OEMs or vendors are named in the solicitation - Unique or Notable Requirements: - Solution must support the entire third-party risk lifecycle - Must align with regulatory and organizational cybersecurity requirements - Open competitive bidding process; documents available on Merx - Contract Details: - Estimated duration: 48 months - Open to businesses interested in partnering with BDC

Description

The Business Development Bank of Canada (BDC) is seeking to acquire a solution to modernize and consolidate its Third-Party Risk Management (TPRM) InfoSec capabilities. This initiative supports a structured, risk-based, and scalable approach to managing third-party risks throughout their lifecycle, enhancing efficiency, governance, and visibility in line with regulatory and organizational requirements. The contract duration is estimated at 48 months, and the procurement method is competitive open bidding. Bidding documents are available on Merx, and the opportunity is open to businesses interested in partnering.

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