What the buyer needs
AI summaryThe Teacher Retirement System of Texas (TRS) seeks contractors to implement an enterprise fraud detection and monitoring solution. This solution must integrate with TRS systems, support defined fraud scenarios, and provide risk scoring, alerting, and reporting.
Scope of work
- Enterprise Fraud Detection and Monitoring Platform
- Implementation Services and integration with TRS systems
- Training and Support Services
- Ongoing Maintenance Services and licensing
- Paper-Based Fraud Consulting and Expert Advisory Services, as applicable
- SOW 1: Procurement Fraud solution
- SOW 2: Pension Fraud solution
- SOW 3: Paper Fraud solution or consulting services
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| Respondent Past Performance | 5% |
| Business Functions (Procurement, Pension, or Paper Fraud) | 40% |
| Implementation & Change Management | 10% |
| Technical Solution | 25% |
| Key Personnel | 5% |
| Pricing / Proposed Pricing | 10% |
| Single Platform | 5% |
| Optional Presentation, Interview, and/or Demonstration Round | 10 points |
Minimum qualifications
- Experience delivering and/or consulting on at least one (1) fraud solution in highly regulated environments.
- Demonstrated knowledge of data privacy, security requirements, auditability, and compliance controls.
- Written compliance with industry-standard security practices (e.g., SOC 2, ISO 27001) or comparable controls with 3rd party report.
- TX-RAMP level 1 or level 2 certification before Contract execution, if required by TRS for cloud services.
Documents to include with your response
- Price Form (separate document)
- Verification documentation for at least one prior fraud solution engagement
- Written security compliance statement or 3rd party report (unless proposing SOW 3 consulting only)
- Veteran Heroes United in Business (VETHUB) Subcontracting Plan (if subcontracting)
- Signed Addendum 1 cover page
- Conflict of interest disclosure
- Form 1295 Certificate of Interested Parties (required at Contract award if applicable)
How to submit
- Method
- Electronic via TRS Procurement and Vendor E-System (PAVES)
- Instructions
- Submit through PAVES as a confirmed bidder. Proposals for each SOW must be submitted separately, or as a single comprehensive Proposal.