Question 1

What is "Outsourced Internal Audit Services"?

Accepted Answer

**PURPOSE & SCOPE:**
- **What is being procured/granted?**  
  The Canada Deposit Insurance Corporation (CDIC) is seeking outsourced internal audit services.
  
- **Project scope and objectives:**  
  The supplier will provide Chief Audit Executive services, develop and execute a risk-based audit plan aligned with CDIC's corporate objectives, and deliver actionable recommendations and reports to management and the Audit Committee.

- **Contract type and estimated value:**  
  The contract will be for an initial term of three years, with an option for up to five additional years at CDIC’s discretion. Estimated contract value is not provided.

---

**BUYER INFORMATION:**
- **Issuing organization:**  
  Canada Deposit Insurance Corporation (CDIC)

- **Contact details:**  
  Roxanne Seguin, Email: procurement@cdic.ca

- **Important dates:**  
  - Posted: December 12, 2025  
  - Due: January 14, 2026, at 12:00 p.m. Ottawa time  
  - Anticipated contract award date: On or about April 10, 2026

---

**MANDATORY REQUIREMENTS:**
- **Required certifications/registrations:**  
  None specifically mentioned in the source documents.

- **Mandatory qualifications:**  
  Experience in providing internal audit services and a proven ability to develop and execute an audit plan.

- **Set-aside requirements:**  
  No specific set-aside requirements were indicated.

- **Geographic restrictions or location requirements:**  
  No restrictions mentioned.

---

**TECHNICAL REQUIREMENTS:**
- **Key technical capabilities needed:**  
  - Knowledge of risk-based audit methodologies
  - Ability to provide independent audit services with professional skepticism and care.

- **Specific technologies, methodologies, or approaches required:**  
  Not specifically stated, but adherence to best practices in internal auditing is implied.

- **Deliverables and performance standards:**  
  Actionable recommendations and transparent reporting are expected deliverables.

- **Evaluation criteria:**  
  Proposals will be evaluated based on a combination of technical and financial offers as detailed in the corresponding schedules of the RFP.

---

**PREFERRED QUALIFICATIONS:**
- **Nice-to-have certifications or experience:**  
  Familiarity with government or Crown corporation audits might be advantageous.

- **Preferred qualifications:**  
  Additional experience providing audits for financial institutions would be considered favorable.

- **Additional evaluation factors:**  
  Past performance and the ability to demonstrate successful execution of similar contracts may yield a competitive edge.

---

**KEY EVALUATION FACTORS:**
- **How proposals will be evaluated:**  
  Based on technical and financial strength as per the evaluation criteria outlined in the RFP.

- **Weighting of different criteria:**  
  Specific weighting is not documented but will likely consider technical competency more heavily, given the nature of the services.

- **Past performance requirements:**  
  Proposals must demonstrate adequate experience and positive outcomes in providing similar services.

---

This structured summary focuses on the information necessary for companies to assess their fit for this RFP opportunity while distinguishing between mandatory and preferred requirements.

Question 2

When did this opportunity close?

Accepted Answer

This opportunity closed on January 14, 2026. The page is kept for historical reference and research purposes.

Question 3

Why is this closed opportunity still available to view?

Accepted Answer

This historical contract listing is preserved for research purposes. Contractors can use past solicitation data to understand requirements, pricing trends, and prepare for similar future opportunities from Canada Deposit Insurance Corporation (CDIC).

Question 4

Are there similar active opportunities available?

Accepted Answer

Yes, Narwin.ai automatically identifies similar active government contracts based on agency, NAICS codes, and set-asides. Check the "Similar Active Opportunities" section on this page or browse all active opportunities at narwin.ai/opportunities.

Question 5

Will this contract be re-solicited in the future?

Accepted Answer

Many government contracts are recurring (annual maintenance, multi-year services, etc.). Sign up for free alerts on Narwin.ai to be notified when Canada Deposit Insurance Corporation (CDIC) posts similar opportunities in the future.

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