Enterprise Fraud Risk Program Solution

The Teacher Retirement System of Texas (TRS) seeks a vendor to provide an enterprise fraud risk program solution, including the implementation, activation, and ongoing support of an offsite fraud detection and monitoring platform. The requested scope encompasses platform integration, risk scoring, alerting, reporting capabilities, training, ongoing maintenance, and paper-based fraud consulting services to help TRS identify and investigate potential fraud, waste, abuse, misuse of authority, and undisclosed conflicts of interest. Eligible bidders are limited to onshore organizations in the USA. A pre-proposal meeting is scheduled for October 21, 2026, and all questions must be submitted no later than October 23, 2026. The initial contract term is two years, with four optional one-year renewal terms available. Bidders must submit pricing proposals, and the selected contractor must satisfy specific insurance rating criteria, submit a Third-Party Assessment Form or SOC2 Type II Report, and comply with TRS policies regarding background checks, confidentiality, non-TRS workers, and travel expenses.