Request for Proposals (RFP) – Third Party Risk Management Consulting (2020-OM-010)

Tender Notice – Request for Proposal (RFP)



Days until closing: 4 weeks 6 hours hence


Publication date


Amendment date


Date closing

2020/10/13 14:00 Central Standard Time (CST)



Region of delivery 

  • Saskatchewan

End user entity Farm Credit CanadaProcurement entity Farm Credit CanadaRegion of opportunity 

  • Canada

Tendering procedure OpenTrade agreement 

  • Canadian Free Trade Agreement (CFTA)

Reference number PW-20-00926345Solicitation number 2020-OM-010


Request for Proposals (RFP) – Third Party Risk Management Consulting 

About Farm Credit Canada (FCC): FCC is Canada’s leading agriculture and food lender, with a healthy loan portfolio of more than $38 billion. Our employees are dedicated to the future of Canadian agriculture and food. We provide flexible, competitively priced financing, management software, information and knowledge specifically designed for the agriculture and food industries. As a self-sustaining Crown corporation, we provide an appropriate return to our shareholder, and reinvest our profits back into the industries and communities we serve. Visit or follow us on FacebookInstagramLinkedIn, and on Twitter @FCCagriculture

RFP Scope: 

FCC began its third-party risk management (TPRM) journey in 2016/17 as part of a broader procurement transformation initiative. This initiative included maturation and right-sizing of our procurement function, a focus on value creation across the wider enterprise, and mitigation of third-party risks for the organization. Leveraging a roadmap for procurement and third-party risk developed by an external consultant, FCC undertook a right-sized approach to develop and implement processes and tools that would enable the organization to effectively identify, mitigate and manage third-party risk.

Earlier this year, as part of a joint initiative between FCC’s Operational Risk Management and Internal Audit teams, an external consultant was engaged to conduct a maturity assessment of FCC’s third-party risk management practices. This assessment identified a number of opportunities for FCC to further mature its approach to managing third-party risk. The thematic findings identified in the report speak to the broader enterprise level challenges and limitations of the program as currently constructed. 

FCC is seeking an external consultant to work with and advise our team of dedicated internal resources for a discovery phase of the TPRM project, which will include scoping and planning of program deliverables. The discovery phase will help inform the extent of the overall TPRM project, foster alignment to a target state maturity and produce tangible outputs that will enable the organization to ultimately achieve its target state. The decisions made as an output of the discovery phase will lay the foundation for our future state function.

RFP Schedule: 

  • RFP issue date: September 14, 2020 
  • Vendor questions accepted until: September 25, 2020 at 2:00PM* 
  • RFP closing date and time: October 13, 2020 at 2:00 PM * 

*Note: All times are CST, Saskatchewan 

RFP Process Considerations 

Vendors should note that: 

  • this opportunity notice references a non-binding, competitive RFP, not a call for tenders. FCC is not obligated to proceed with the work described in the RFP scope, and may cancel the RFP at any time. 
  • FCC’s procurement process allows for negotiation between FCC and one or more vendors, prior to awarding a contract. 

Requesting the RFP Document:

Capable vendors who are interested in receiving a copy of the RFP document are to contact:

Owen McNamara 

Procurement and Vendor Manager 

Farm Credit Canada 

Note: Vendors do not receive the RFP document by registering for the list of interested suppliers (“LIS”) on Vendors must request the RFP document through FCC’s designated RFP contact. 

Contact information

Contact name

McNamara, Owen

Contact email

Contact address

1800 Hamilton Street
Regina  SK
S4P 4L3