CanadaBuys #20173623

Actuarial services for housing loan-guarantee and impairment provisions

The Société d’habitation du Québec is seeking actuarial support for financial-statement provisions and audit work. - Government buyer: Société d’habitation du Québec; the work includes support to the DCF. - Services requested: Develop and maintain a methodology reflecting the organization’s financial health to assess loan-guarantee loss provisions and impairment provisions on certain projects financed through loans and advances. - Assess guarantees associated with AccèsLogis Québec, Logement abordable Québec, Achat-Rénovation, Logement sans but lucratif Privé, Programme de financement en habitation, Programme d’aide financière visant la préservation du parc immobilier communautaire, and other Société loan guarantees. - Evaluate both types of provisions annually and update the methodology as needed. - Assist the DCF with the financial-statement audit, including work involving the Auditor General of Québec and its actuary. - OEMs and vendors: None are identified. No physical products, part numbers, or quantities are specified.

Description

The solicitation seeks actuarial services to support the Société d'Habitation du Québec's annual financial statements. The provider will develop a methodology to assess provisions for losses on loan guarantees across specified programs and other guarantees offered by the Société, and provisions for impairment on certain projects financed through loans and advances. The provider will evaluate the provisions annually and update the methodology if required. The scope also includes assisting the DCF with the financial statement audit, primarily in dealings with the Auditor General of Québec and its actuary.

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