Access to Economic Modelling Services

PURPOSE & SCOPE:

• What is being procured/granted?: Access to Economic Modelling Services.
• Project scope and objectives: ISED is seeking a subscription to economic modelling services that include a global economic model integrated with a Canada-specific model. The objective is to better understand economic impacts of trade policies, tariffs, and investment incentives through the use of complex modelling.
• Contract type and estimated value: Non-competitive procurement intended to award a contract to Oxford Economics with an estimated value of $175,000 per year, plus applicable taxes.

BUYER INFORMATION:

• Issuing organization: Department of Industry (ISED).
• Contact details: Funto Oyebolu, [email protected].
• Important dates: Posted on November 27, 2025; due by December 12, 2025.

MANDATORY REQUIREMENTS:

• Required certifications/registrations: None specified.
• Mandatory qualifications:
  • Access to a structural macro-econometric model with general equilibrium features and a shock-minus-control framework.
  • Client control over assumptions and model parameters.
  • Capability for provincial/territorial coverage integrated with a global model for analysis.
  • Customer support and training for scenario design.
• Set-aside requirements: None specified.
• Geographic restrictions or location requirements: No geographic restrictions mentioned, but vendor must provide services relevant to Canadian economic modelling.

TECHNICAL REQUIREMENTS:

• Key technical capabilities needed:
  • A fully integrated global economic model linked with a Canada-specific model.
• Specific technologies, methodologies, or approaches required: Model must allow for customization of assumptions and parameters by analysts.
• Deliverables and performance standards:
  • Trade diversification analysis, policy simulation and scenario testing, and integrated forecasting capabilities.
• Evaluation criteria: No specific criteria mentioned, but vendors must demonstrate the ability to meet mandatory requirements.

PREFERRED QUALIFICATIONS:

• Nice-to-have certifications or experience: Experience in providing economic modelling services.
• Preferred qualifications: Familiarity with Canadian economic policy and trade dynamics.
• Additional evaluation factors that give competitive advantage: Proven track record of supporting governmental economic analysis.

This summary highlights the essential information relevant for organizations interested in providing the required economic modelling services to ISED, differentiating between mandatory and preferred qualifications.