Governance-Risk Management Compliance Consulting - UPDATED

The State of Tennessee is seeking a five-year contract for Governance-Risk Management Compliance Consulting services through a strategic sourcing event (Event 31701-13651) issued by the Department of General Services, specifically for the Finance & Administration and Strategic Technology Solutions departments. The procurement will establish an on-demand consulting resource with a total quantity of 1,250 hours, focusing on comprehensive governance, risk management, and compliance consulting. Potential vendors must complete a mandatory non-disclosure agreement (NDA) before accessing detailed solicitation information, which involves strict confidentiality requirements under Tennessee Code Ann. 10-7-504(i). The solicitation requires vendors to provide technical assistance, demonstrate expertise in governance and risk management, and confirm their ability to deliver manufacturer expert services on-demand. Key deliverables include comprehensive consulting support for state infrastructure, electronic systems security, and vulnerability assessments. The bid response is due by May 15, 2025, at 2:00 PM CDT, with the contract scheduled to commence on April 16, 2025. Vendors must submit comprehensive documentation, including diversity business participation materials, Iran Divestment Act compliance, sales tax registration, and various business practice certifications.

The procurement appears to have provisions encouraging diverse business participation, though specific set-aside designations are not explicitly detailed in the provided documents. Vendors must be prepared to restrict confidential information access to only employees with a legitimate need to know and comply with National Institute of Standards and Technology guidelines for data management. While specific budget ranges are not definitively stated, the 1,250-hour contract suggests a substantial consulting engagement. The solicitation requires vendors to disclose potential subcontractors and demonstrate robust capabilities in governance and risk management consulting. The contract will be governed by Tennessee law, with any disputes to be handled through the Tennessee Claims Commission or state/federal courts in Tennessee. Potential vendors should note that registration to do business with the State of Tennessee can take 10-14 days, which may impact their ability to respond to the solicitation. The procurement is structured to provide the state with a flexible, expert consulting resource that can adapt to evolving governance and risk management challenges.