Trading and Risk Management Software - Budget - Up to 3,700,000 USD

The issuing agency is seeking to procure, design, test, and implement a cloud-hosted natural Gas and Energy Trading and Risk Management (ETRM) system. The agency faces increasing complexity in gas trading, scheduling, risk management, settlements, and sub-allocations due to evolving natural gas markets, regulatory compliance, renewable energy integration, and market-based energy systems. To address these challenges, the agency needs to replace legacy systems like Excel files across front, middle, and back office functions with a solution that provides accurate long-term, day-ahead, and real-time data. The scope of work covers the full lifecycle of natural gas transactions, including deal capture, nominations, scheduling, meter reads, pipeline discrepancies, risk monitoring, commodity and pipeline reservation reconciliation, and settlements. The selected provider must deliver system training, user guide manuals, licensing, IT maintenance services, support services, and documentation, while ensuring concurrency with market changes. The project requires dedicated efforts from a contractor implementation project team to ensure scalability, automation, and auditability across all supporting business units. Bidders must be located onshore within the United States, and the performance of the work will take place offsite. The agency allows digital response submissions via email or online. The budget for this initiative is up to 3,700,000 USD for a contract period of one year. The agency has scheduled a pre-bid meeting for June 9, 2026. Bidders must submit all questions no later than July 7, 2026. The final deadline for submitting the proposal is July 21, 2026.