Call For Tenders
Tender No. RQQ-2022-CCCC-659
Metrolinx is accepting Submissions for the Provision of Cost Assurance and Verification Services for the Capital Projects Group
Metrolinx is a crown agency of the Government of Ontario under the Metrolinx Act, 2006, reporting to the Ministry of Transportation. It was created to improve the coordination and integration of all modes of transportation in the Greater Toronto and Hamilton Area (GTHA). The Metrolinx mandate includes delivering the best possible transportation services today while leading the way to an even better, more convenient service tomorrow; making the best possible use of public transportation investment dollars; and measurably improving the quality of life in the region.
Metrolinx is currently procuring several construction and services contracts with the aim to work with vendors for the delivery of projects using a collaborative approach. These include contracts for services through Delivery Partner (DP) model and other collaborative or target-price contracts. These types of contracts are based on actual cost reimbursement models with discrete incentivization mechanisms to encourage best performance from vendors. Therefore, there will be need for Metrolinx to analyse records of payments made to the Contracting Partner from time to time. Further, the Contracting Partner will have to earn part of their profits by demonstrating high quality performance which will be measured through a set of KPIs (performance regime). Therefore, Metrolinx will need to measure KPIs objectively as they will determine quantum of payments to be made to Contracting Partners.
The objective of this Request to Qualify and Quote (RQQ) is to solicit proposals from Proponents for the provision of Cost Assurance and Verification Services for the Capital Projects Group over a two-year term. The requirements are more particularly described in Scope of Work of this Request Document.
ELECTRONIC BID SUBMISSION will be accepted until 3:00 p.m. on Friday, December 2, 2022
***NOTE: ELECTRONIC BID SUBMISSION
Your Submission for this opportunity must be sent to Metrolinx through the use of MetrolinxMERX EBS. Bidders shall be solely responsible for the delivery of their Submission using MetrolinxMERX EBS by the Closing, in accordance with the Instructions to Bidders.
Only Proponents who possess the following experience and qualifications will be considered for award of this Contract:
- Chartered Financial Analyst (CFA) or posses a similar designation
- Certified Forensics Accountant (CRFAC)
- Certified Forensics Auditor (CRFAU)
- 10 – 15 years of relevant experience
- Diploma or Degree in relevant discipline (or equivalent)
- Or the combination of education, training and experience deemed equivalent
Metrolinx reserves the right to reject any or all Submissions at its sole discretion.
