Supplier Risk Management Subscription

The Texas Department of Information Resources (DIR) is seeking a cloud-based Supplier Risk Management Subscription through Invitation for Bid IFB-019-FY25, targeting a comprehensive risk analytics tool that can identify, track, and provide alerts on supplier risk events across government, private, and corporate entities. The solicitation requires a solution capable of conducting 300 vendor procurement checks and 500 ongoing vendor tracking services, with specific emphasis on delivering detailed risk intelligence and monitoring capabilities. The procurement calls for a cloud-based platform that can comprehensively assess and track vendor risks through multiple channels and data sources. Key deliverables include tiered vendor risk assessment services with real-time alerting mechanisms and extensive vendor background verification capabilities. The bid response deadline is June 5, 2025, with an anticipated contract award date of June 20, 2025, and an initial contract term running through August 31, 2026, with potential for up to three additional one-year renewals. Evaluation criteria will focus on best value to the state, with DIR reserving the right to make single or multiple awards to achieve optimal outcomes.

The procurement includes a significant Historically Underutilized Businesses (HUB) component, mandating a 21.1% HUB goal and requiring all respondents to complete a HUB Subcontracting Plan. Vendors must meet specific cybersecurity training requirements outlined in Texas Government Code Section 2054.5192 and demonstrate compliance with accessibility standards through a Policy Driven Adoption for Accessibility (PDAA) assessment and a Voluntary Product Accessibility Template (VPAT). While no incumbent vendors are explicitly mentioned, the solicitation indicates a preference for vendors with robust risk analytics capabilities and proven track records in government and corporate risk management. The pricing structure includes tiered options for initial term and optional years, with costs varying based on the volume of vendor checks and tracking services. The contract's total value is not explicitly stated, but the pricing structure suggests flexibility for scaling services based on agency needs, with the ultimate contract value contingent upon the continued availability of lawful appropriations by the Texas Legislature.