BC Financial Services Authority
Notice of Intent to extend contract related to the Core Regulatory Suite (CRS) Project
For more information contact: Peter Mountstevens, Manager, Procurement
Summary Details:
In April 2019, BCFSA issued the first Request for Proposal for the Core Regulatory Suite Project (CRS) with subsequent Request for Proposals issued to support the project.
CRS is to assist BCFSA to automate, harmonize and modernize its business processes, and to enhance data and information sharing across the organization upon its completion.
CRS will enable BCFSA to fulfill its mandate to serve the public as the leading single regulator, creating confidence in the B.C. financial marketplace and allow consistent interaction with stakeholders through harmonized functions across sectors, further instilling public trust and confidence in the services we provide and will do so as a unified regulator.
In August 2020, BCFSA’s Board of Directors approved the implementation of the CRS Project. Stage I of the Implementation Phase was initiated and focuses on building the foundational elements of CRS. Stages II and III will follow in late 2021 and 2022 with the rollout of BCFSA’s business operations' functionality and the management of physical records.
Notice is hereby given by the BC Financial Services Authority (BCFSA), of its intent to extend the following contract related to the CRS Project.
1. C22FSA0006 with TalentFIT Staffing Services Ltd. for a Quality Assurance Analyst
TalentFIT Staffing Services Ltd. was the successful Proponent from Request for Proposals (RFP) #: ON-0001900 for Quality Assurance Analysts. The original term was from September 14, 2020 to September 10, 2021 with one (1) option to extend for one (1) additional term of one (1) year.
The incumbent Quality Assurance Analyst has gained significant in-depth knowledge and experience with the ongoing CRS Project that BCFSA does not wish to lose at a critical time in the process. BCFSA therefore intends to extend the contract for an additional term of six (6) months with one (1) option to extend for six (6) months to ensure the successful completion of Phase II of CRS.
Vendors wishing to object to this decision should contact Peter Mountstevens, Manager, Procurement, BC Financial Services Authority by email on or before 2:00pm local time (PST) on August 4, 2022, detailing specific reasons for their objections, proof of their capability and proven record for supplying comparable services. A Vendor's proof of ability to offer services resulting in the same or better solutions in the same time frame at lower cost will be the key criterion with regard to the consideration of Vendor objections.
