Question 1

What is "Assessment of controls in relation to Internal Control over Financial Management (ICFM) and the provision of consulting services related to ICFM and multi-year monitoring"?

Accepted Answer

**Opportunity Summary: Assessment of Internal Control over Financial Management (ICFM)**

**Procurement Overview:**
- **Title:** Assessment of controls in relation to Internal Control over Financial Management (ICFM) and consulting services related to ICFM and multi-year monitoring.
- **Organization:** Department of Employment and Social Development (ESDC)
- **Contact Information:** Yves Cormier, Email: NC-SOLICITATIONS-GD@hrsdc-rhdcc.gc.ca

**Project Scope and Objectives:**
The primary objective of this initiative is to validate the ongoing effectiveness of ESDC’s Internal Control over Financial Management (ICFM). The contractor will assist the internal control team with the continuous monitoring of the ICFM system, focusing on compliance with the Treasury Board’s Policy on Financial Management. This project includes providing professional consulting services on an as-needed basis.

**Key Dates:**
- **Posted Date:** February 6, 2026
- **Due Date for Proposals:** February 27, 2026

**Contract Type and Value:**
- Specific contract type and estimated value are not mentioned in the documentation.

**Mandatory Qualifications:**
- Proven expertise in financial management and internal controls.
- Experience with consulting services related to government financial oversight.
- Strong understanding of the Treasury Board’s Policy on Financial Management.

**Preferred Qualifications (Competitive Advantage):**
- Previous experience working with Canadian governmental departments or agencies.
- Established methodologies for assessing and monitoring internal controls.
- Familiarity with risk-based systems and broader financial accountability frameworks.

**Technical Capabilities Needed:**
- Ability to adapt to various internal control assessment methodologies.
- Proficiency in developing metrics for financial monitoring and evaluation.

**Deliverables and Performance Standards:**
- The contractor must deliver comprehensive assessments of the ICFM system, including reports that outline findings, areas for improvement, and recommendations for enhancements.
- Performance will be evaluated based on the effectiveness of the deliverables in improving the ICFM framework.

**Evaluation Criteria:**
- Proposals will be assessed based on the demonstrated expertise of team members, prior relevant experience, proposed methodologies, and alignment with ESDC’s objectives.
- Evaluation will prioritize qualifications and demonstrable results in similar projects, especially within government settings.

**Geographic Restrictions:**
- None mentioned.

**Certification and Registration Requirements:**
- Specific certifications or registrations are not detailed in the opportunity.

This opportunity is designed for firms with a robust background in financial management consulting and a strong command of internal control practices within the public sector.

Question 2

When is the proposal submission deadline?

Accepted Answer

The proposal submission deadline is February 27, 2026 (9 days left).

Question 3

Where can I submit a proposal or get solicitation documents?

Accepted Answer

You can access the full solicitation documents and submit your proposal at: https://canadabuys.canada.ca/en/tender-opportunities/tender-notice/cb-792-88274534

Assessment of controls in relation to Internal Control over Financial Management (ICFM) and the provision of consulting services related to ICFM and multi-year monitoring

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