SCHEDULE C – FORM OF PROPOSAL
RFP Project Title:
Treasury Management System
RFP Reference No.:
1220-030-2014-003
Name of Proponent:
Contact Person and Title:
Business Address:
Telephone:
Fax:
E-Mail Address:
TO:
City Representative:
Kam Grewal, CMA, BBA, Corporate Audit Manager,
Acting Purchasing and Accounts Payable Manager
Address:
City of Surrey, City Operations Works Yard,
Purchasing Section, 1st Floor
6645-148 Street, Surrey, BC Canada V3S 3C7
Telephone:
604-590-7274
Dear Sir:
1.0
I/We, the undersigned duly authorized representative of the Proponent, having received and carefully
reviewed all of the Proposal documents, including the RFP and any issued addenda posted on the City
Website and BC Bid Website, and having full knowledge of the Goods and Services, and having fully
informed ourselves as to the intent, difficulties, facilities and local conditions attendant to performing the
Goods and Services, submit this Proposal in response to the RFP.
2.0
I/We confirm having full knowledge that the City reserves the right to divide up the Goods and Services by
type of work, or other basis as the City may decide, and to select one or more preferred proponents to enter
into discussions with the City for one or more agreements to perform a portion or portions of the Goods and
Services.
3.0
I/We confirm that the following schedules are attached to and form a part of this Proposal:
Schedule C-1 – Statement of Departures;
Schedule C-2 – Proponent’s Experience, Reputation and Resources;
Schedule C-3 – Proponent’s Technical Proposal (Services);
Schedule C-4 – Proponent's Technical Proposal (Schedule); and
Schedule C-5 – Proponent’s Financial Proposal.
RFP # 1220-030-2014-003
Page 40 of 56
4.0
I/We confirm that this proposal is accurate and true to best of my/our knowledge.
5.0
I/We confirm that, if I/we am/are awarded the agreement, I/we will at all times be the “prime contractor” as
provided by the Worker's Compensation Act (British Columbia) with respect to the Goods and Services.
I/we further confirm that if I/we become aware that another contractor at the place(s) of the Goods and
Services has been designated as the “prime contractor”, I/we will notify the City immediately, and I/we will
indemnify and hold the City harmless against any claims, demands, losses, damages, costs, liabilities or
expenses suffered by the City in connection with any failure to so notify the City.
This Proposal is submitted this _____________________ day of _________________________, 20__.
I/We have the authority to bind the Proponent.
_______________________________________
_______________________________________
(Name of Proponent)
(Name of Proponent)
_______________________________________
_______________________________________
(Signature of Authorized Signatory)
(Signature of Authorized Signatory)
_______________________________________
_______________________________________
(Print Name and Position of Authorized
(Print Name and Position of Authorized
Signatory)
Signatory)
RFP # 1220-030-2014-003
Page 41 of 56
SCHEDULE C-1 - STATEMENT OF DEPARTURES
1.
I/We have reviewed the proposed Contract attached to the RFP as Schedule “B”. If requested by the City,
I/we would be prepared to enter into that Contract, amended by the following departures (list, if any):
Section
2.
Requested Departure(s) / Alternative(s)
The City of Surrey requires that the successful Proponent have the following in place before commencing
the Services:
a)
Workers’ Compensation Board coverage in good standing and further, if an “Owner Operator” is
involved, personal operator protection (P.O.P.) will be provided,
b)
Workers' Compensation Registration Number _________________________________________;
Prime Contractor qualified coordinator is Name: __________________ and Contact Number:
______________;
c)
Insurance coverage for the amounts required in the proposed Contract as a minimum, naming the
City as additional insured and generally in compliance with the City’s sample insurance certificate
form available on the City’s Website Standard Certificate of Insurance;
d)
City of Surrey business license;
e)
If the Proponent's Goods and Services are subject to GST, the Proponent's GST Number is
____________________________________; and
f)
If the Proponent is a company, the company name indicated above is registered with the Registrar
of Companies in the Province of British Columbia, Canada, Incorporation Number
__________________________________.
As of the date of this Proposal, we advise that we have the ability to meet all of the above requirements
except as follows (list, if any):
Section
3.
Requested Departure(s) / Alternative(s)
I/We offer the following alternates to improve the Services described in the RFP (list, if any):
Section
RFP # 1220-030-2014-003
Requested Departure(s) / Alternative(s)
Page 42 of 56
4.
The Proponent acknowledges that the departures it has requested in Sections 1, 2 and 3 of this Schedule
C-1 will not form part of the Contract unless and until the City agrees to them in writing by initialling or
otherwise specifically consenting in writing to be bound by any of them.
RFP # 1220-030-2014-003
Page 43 of 56
SCHEDULE C-2 - PROPONENT’S EXPERIENCE, REPUTATION AND RESOURCES
Proponents should provide information on the following (use the spaces provided and/or attach additional
pages, if necessary):
(i)
Location of Primary Business branch location, background, stability, structure of the Proponent;
and number of year’s business has been operational;
(ii)
Proponent’s relevant experience and qualifications in delivering Services similar to those required
by the RFP;
(iii)
Proponent’s demonstrated ability to provide the Services;
(iv)
Proponent’s equipment servicing resources, capability and capacity, as relevant;
(v)
Proponent’s references (name and telephone number). The City's preference is to have a
minimum of three references;
(vi)
Proponent’s financial strength (with evidence such as financial statements, bank references);
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
RFP # 1220-030-2014-003
Page 44 of 56
(viii)
Proponents should provide information on the background and experience of all key personnel
proposed to undertake the Services (use the spaces provided and/or attach additional pages, if
necessary):
Key Personnel
Name:
Experience:
Dates:
Project Name:
Responsibility:
_______________________________________________________________________
Dates:
Project Name:
Responsibility:
_______________________________________________________________________
Dates:
Project Name:
Responsibility:
_______________________________________________________________________
RFP # 1220-030-2014-003
Page 45 of 56
(ix)
Proponents should provide the following information on the background and experience of all subcontractors proposed to undertake a portion of the Services (use the spaces provided and/or attach
additional pages, if necessary):
DESCRIPTION OF SERVICES
SUB-CONTRACTORS NAME
YEARS OF
TELEPHONE NUMBER
WORKING
AND EMAIL
WITH
CONTRACTOR
RFP # 1220-030-2014-003
Page 46 of 56
SCHEDULE C-3 - PROPONENT’S TECHNICAL PROPOSAL (SERVICES)
Proponents should provide the following (use the spaces provided and/or attach additional pages, if
necessary):
(i)
a narrative that illustrates an understanding of the City’s requirements and Services;
(ii)
a description of the general approach and methodology that the Proponent would take in
performing the Services including specifications and requirements;
(iii)
a narrative that illustrates how the Proponent will complete the scope of Services, manage the
Services, and accomplish required objectives within the City’s schedule;
(iv)
a description of the standards to be met by the Proponent in providing the Goods and Services;
(v)
C-3 Table 1 - The proponent should provide the optimal number of line items required to complete
the system. N.B. Items identified with an asterisk beside them are items which may be standard
items to be included with your software package but may not be required.
(vi)
C-3.1 – The proponent should provide responses to the questions listed.
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
______________________________________________________________________________________
RFP # 1220-030-2014-003
Page 47 of 56
Please complete the following C-3 Table 1 Response Form. Please attach additional pages with
comments if necessary.
1. Table 1
Ref
*CM 1.1*
*CM 1.2*
*CM 1.4*
*CM 1.5*
*CM 1.6*
*CM 1.6.1*
*CM 1.6.2*
*CM 1.6.3*
*CM 1.7*
*CM 1.8*
*CM 1.9*
*CM 1.10*
*CM 1.11*
*CM 1.12*
*CM 1.13*
*CM 1.13.1*
*CM 1.13.2*
*CM 1.14*
*CM 1.15*
*CM 1.16*
CM 1.17
*CM 1.18*
*CM 1.19*
*CM 1.20*
*CM 1.21*
CM 1.22
*CM 1.23*
Requirement
Cash Management
System will accommodate an automatic comparison of cheques issued to cheques cleared per bank
account with auto generation of outstanding cheque list on a daily basis for an unlimited number of
accounts.
System will accommodate an automatic posting of cash and/or investment accounts from data file
sent by the bank on a daily basis or other user defined schedule (example: wire transfers in/out,
ACH transfers in/out, bank charges, interest and investment earnings etc).
System will download bank account transactions from multiple banks and accounts.
System will accommodate posting to multiple GL accounts
System will automatically reconcile the following with prior day's account balance:
Transactions
Investment activities
Other Bank documents
System will execute electronic transfers (wires, EFTs and ACH) from within the module for multiple
banks.
System will provide detail on outstanding cheques and reconcile to bank activity daily.
System will utilize positive pay with multiple bank accounts.
System will utilize positive pay with multiple sources (departments).
System will track variable interest earnings on separate retainage accounts (for vendor contracts).
System will workflow and electronically route documents and processes.
System will accommodate pooled cash and pooled investments including appropriate interest
allocation:
Pending approval, system accommodates the posting of pooled cash to the appropriate GL
account.
Pending approval, system accommodates the posting of pooled investments to the
appropriate GL account.
System will provide treasury management for multiple component units within the City's reporting
structure (but should not roll up into the financial statement).
System will download daily bank activity and balances and reconcile to recorded receipts and
disbursements and cash flow forecast.
System will upload cheque runs to bank electronically for matching cleared cheques to cheques
issued for daily reporting of cash float and outstanding cheque list totals.
System will download to populate the actual data fields of the cash forecast.
System will generate an alert when there are insufficient funds for planned cheque runs based upon
user-defined thresholds.
System will reconcile daily actual receipts and disbursements against forecasted balances.
System will send notification to prepare cash flow based on a payment voucher that is over a userdefined threshold.
System will provide for daily reconciliation of receipts and disbursements against the various funds
and accounts.
System will forecast cash flows over multiple periods and years.
System will record money transfers between funds and accounts and post to respective general
ledger accounts.
RFP # 1220-030-2014-003
Response
Y/N
Page 48 of 56
*CM 1.24*
CM 1.25
CM 1.26
CM 1.27
CM 1.28
CM 1.29
CM 1.30
IM 3.1
IM 3.1.1
IM 3.1.2
IM 3.1.3
IM 3.1.4
IM 3.1.5
IM 3.1.6
IM 3.1.7
IM 3.1.8
IM 3.1.9
IM 3.1.10
IM 3.1.11
IM 3.1.12
IM 3.1.13
IM 3.1.14
IM 3.1.15
IM 3.1.16
IM 3.2
IM 3.2.1
IM 3.2.2
IM 3.2.3
IM 3.2.4
IM 3.2.5
IM 3.2.6
IM 3.2.7
IM 3.2.8
IM 3.2.9
IM 3.2.10
IM 3.2.11
IM 3.2.12
IM 3.2.13
IM 3.2.14
IM 3.2.15
IM 3.2.16
IM 3.2.17
IM 3.2.18
IM 3.2.19
IM 3.2.20
System will provide a record of cash transactions (receipts and disbursements) using user-defined
criteria.
System wil allow user to input recurring in-flows and out-flows
System will accommodate scenario analysis
System will reconcile investment receipts against investment portfolio
System will create flags when bank balance (actual/forecasted) is below user defined limits
System will allow user to categorize in-flow and out-flow
System will show monthly cash flow and provide summary by user defined period
Investment Management
System will track various types of financial instruments including:
Treasury Notes
Treasury Bills
Treasury Bonds
Bonds, notes, warrants issued by various agencies
Certificates of deposits
Commercial paper
Banker's acceptances
Letter of credit
Investment pools
Negotiable certificates of deposit
Money market funds
Equities
Zero Coupon Investments
Repurchase agreements
Demand deposits
Other user defined options
System will track the following elements for each investment:
Identification Number
Description (ie. Security name and issuer)
Broker/Institution
Date issued, trade date
Maturity date
Term: stated in number of days
Rating
Amount
Interest rate
Step interest rates
Interest purchased
Interest accrued
Interest deferred
Unrealized gains and losses
Realized gains and losses
Interest paid (monthly, yearly, life to date, remaining).
Interest earned net of purchase interests, premiums, discounts on a yearly basis
Premium amount (monthly, year to date, life to date, remaining)
Discount amount (monthly, year to date, life to date, remaining)
Interest payment dates
Call dates
RFP # 1220-030-2014-003
Page 49 of 56
IM 3.2.21
IM 3.2.22
IM 3.2.23
IM 3.2.24
IM 3.2.25
IM 3.2.26
IM 3.2.27
IM 3.2.28
IM 3.3
IM 3.3.1
IM 3.3.2
IM 3.3.3
IM 3.3.4
IM 3.4
IM 3.5
IM 3.5.1
IM 3.5.2
IM 3.5.3
IM 3.5.4
IM 3.6
IM 3.7
IM 3.8
IM 3.9
IM 3.10
IM 3.11
IM 3.12
IM 3.12.1
IM 3.12.2
IM 3.12.3
IM 3.12.4
IM 3.12.5
IM 3.12.6
IM 3.13
IM 3.13.1
IM 3.13.2
IM 3.14
IM 3.15
IM 3.15.1
IM 3.15.2
IM 3.15.3
IM 3.15.4
IM 3.15.5
IM 3.15.6
Effective yield rate, yield to call date, yield to date, yield to maturity
Investment type
Investment group
Investment portfolio
Libor rate
Interest swaps
Current market value
And other user allowable investments governed by the Investment Policy
System will support multiple investment portfolios by:
Fund
Program
Organization
Other user defined breakdown
System will track both cost and market valuation of investments.
System will track collateral assignments attached to:
Repurchase
Overnight pool
Demand deposits
All deposit accounts
System will track investment interest earnings on a cash basis.
System will track investment interest earnings on an accrual basis.
System will track call dates for callable securities. If securities is called prior to maturity system will
make all necessary adjustment on unamortized discounts/premiums and remove future interest
payment and maturity payment.
System will provide notification of upcoming investment payment dates.
System will accommodate step interest securities where interest rates increase periodically
throughout the term of the security.
System will check all maturity schedules against a holiday calendar and provide notification.
System will rank investments in order by:
Type
Term
Call dates
Interest payment dates
Maturity date
User defined criteria
System will calculate premium and discount amortization over the term of the investment and
compute book value for specified period:
Straight-line
Effective Interest Method
System will apportion net investment activities and interest receipts against various funds and
accounts based on user defined criteria.
System will perform the following calculations:
Weighted average life
Weighted rate of return
Average weighted yield
Average days to maturity
Duration
Other user defined
RFP # 1220-030-2014-003
Page 50 of 56
IM 3.16
IM 3.16.1
IM 3.16.2
IM 3.16.3
IM 3.16.4
IM 3.16.5
IM 3.16.6
IM 3.16.7
IM 3.16.8
IM 3.17
IM 3.18
IM 3.18.1
IM 3.18.2
IM 3.18.3
IM 3.19
IM 3.20
IM 3.21
IM 3.22
IM 3.23
IM 3.23.1
IM 3.23.2
IM 3.23.3
IM 3.23.4
IM 3.23.5
IM 3.23.6
IM 3.23.7
IM 3.23.8
IM 3.23.9
IM 3.23.10
IM 3.23.11
IM 3.23.12
IM 3.23.13
IM 3.24
IM 3.25
IM 3.25.1
IM 3.25.2
IR 4.1
*IR 4.2*
System will create journal entries for investment and interest activities and post with approval,
including the following:
Security description
Identification Number
Activity period
Interest earned, interest purchased
Premium
Discount
Monthly interest accrual and reversal, monthly security lending and custody fees
User-defined
System will accommodate definition of exposure limits by investment type or group based on user
defined parameters.
System will track portfolio investments by:
Cash
Value
Growth
System will provide a warning when investment type or group exceeds the investment limits as
defined by the investment policy.
System will accommodate interest rate sensitivity and gap analysis.
System will accommodate value-at-risk (VAR) analysis. (NOTE: Please specify in comments field
what form of VAR analysis is supported, e.g., historical analysis, variance/covariance, other)
System will provide an option-pricing calculator.
System will prepare bid sheets that allow for the comparison of multiple competitive quotes to
calculate return on investment yields which includes the following information:
Date
Amount
Investment type
Maturity date
Company
Individual (contact information for broker and credit union)
Time
Price
Yield
Discount
Maturity
Settlement date, settlement instructions
Once bid is selected, system should be able to generate trade ticket that would have above
information.
System will be able to add interest on the holdings that are not in the portfolio (ie security lending
income, bank interest, custody fees).
System will track term deposit in the following manner:
Upon maturity will allow user to renew deposit to new term either full/partial amount of
principal
Interest upon maturity should be calculated and user have option to choose whether
interest is renewed/invested
Inquiry and Reporting
System will report availability of a cash flow analysis by bank account, identifying the date of the
highest receipt and disbursement.
System will report availability of a cash position by bank and by account(s).
RFP # 1220-030-2014-003
Page 51 of 56
System will sort, report and query from any field within the treasury/cash management module
(produce ad-hoc online requests and printed reports).
System will accommodate graphical display and output including use of user dashboards.
System will report portfolio status by user-defined date range that includes:
Investments by type
Issuing/Security name/CUSIP #
Book value, face value, principal
Market value (Indicate in comments field how this is derived, e.g., manual or interface.)
Purchase date
Maturity date, number of days security held
Interest rate
Yield rate
Interest payment schedule
Discount or premium amount
Broker/Dealer name
Other user-defined field
System will accommodate ad-hoc reporting capabilities, provide summary for current month, prior
year, current and future years. System will be able to generate report listing of securities by
number of days.
System will import data from Excel.
System will export data from Excel.
System will generate a daily, weekly, and monthly cash position report for all cash and investment
accounts:
By Investment Account
By Fund
System will be able to generate list of securities by number of days to maturity
System will be able to generate report for balance in total investment, purchased interest/premium,
interest
System will summarize interest payable, principal maturing for the month and forecast future
interest payment and maturities and provide historical reporting.
IR 4.3
*IR 4.4*
IR 4.5
IR 4.5.1
IR 4.5.2
IR 4.5.3
IR 4.5.4
IR 4.5.5
IR 4.5.6
IR 4.5.7
IR 4.5.8
IR 4.5.9
IR 4.5.10
IR 4.5.11
IR 4.5.12
IR 4.6
*IR 4.7*
*IR 4.8*
IR 4.9
IR 4.9.1
IR 4.9.2
IR 4.10
IR 4.11
IR 4.12
Please answer the following questions C-3.1, please attach additional pages with your
response.
C-3.1
The following are factors important for consideration whether the proponent is proposing an
on-premises or SaaS solution:
a) Please explain how the solution provides for Single-Sign-On.
b) How does your solution integrate with other applications such as Financial Management
Systems? What types of integration services are supported (eg. web services, SOAP,
REST, flat file etc)?
c) Does the solution provide or receive bulk transactions or data feeds? Are there APIs?
d) Is it possible to download the application data in raw and summarized forms, including
metadata? What formats are supported?
e) Please describe the reporting capabilities of the solution? Does it integrate with other
reporting solutions?
RFP # 1220-030-2014-003
Page 52 of 56
In addition, if the proponent is proposing a SaaS solution, these are additional requirements:
a) Where is the solution and platform hosted (eg. by proponent or third party)? Note that
the City requires any SaaS to be hosted and maintained in Canada.
b) Please specify if your service offerings have ever been subject to a data breach or
related security incidents? If so, how did you resolve it?
c) Please define your pricing and support models, including Service Level Agreements.
d) Please specify if the solution provides for dev or staging areas?
e) Please define the traffic patterns (inbound and outbound) and their impact on the
network.
f) Please define your business continuity and disaster recovery strategy.
g) Please explain your data privacy practices.
h) Please explain who owns and what happens to the data during and after services have
been terminated.
RFP # 1220-030-2014-003
Page 53 of 56
SCHEDULE C-4 - PROPONENT’S TECHNICAL PROPOSAL (TIME SCHEDULE)
Proponents should provide an estimated schedule, with major item descriptions and time indicating a
commitment to perform the Contract within the time specified (use the spaces provided and/or attach
additional pages, if necessary).
MILESTONE DATES __________________________________
ACTIVITY
SCHEDULE
1
RFP # 1220-030-2014-003
2
3
4
5
6
7
8
9
10
Page 54 of 56
SCHEDULE C-5 - PROPONENT’S FINANCIAL PROPOSAL
Indicate the Proponent’s proposed fee (excluding HST), and the basis of calculation (use the spaces provided and/or
attach additional pages, if necessary) as follows (as applicable):
(i)
monthly fee;
(ii)
hourly rates for all team members if payment is to be made on an hourly basis; or
(iii)
lump sum fee.
Schedule of Rates:
Item
No.
Categories
Description (what’s included)
Fees & Charges
Subtotal:
GST:
TOTAL PROPOSAL PRICE:
Additional Expenses:
The proposed Contract attached as Schedule "B" to the RFP provides that expenses are to be included within the
fee, other than the expenses listed in the Contract as disbursements. Details of disbursements are to be shown in
the chart above. Please indicate any expenses that would be payable in addition to the proposed fee and proposed
disbursements set out above:
Payment Terms:
A cash discount of _______% will be allowed if account is paid within _____ days, or the_________ day of the month
following, or net 30 days, on a best effort basis.
RFP # 1220-030-2014-003
Page 55 of 56
Personnel Hourly Rates (for additional services):
Proponents should complete the following table setting out the all-inclusive hourly rates including overhead and profit
for approved extras/credits for all applicable categories of labour (use the spaces provided and/or attach additional
pages, if necessary):
Table 1 – Schedule of Personnel Hourly Rates:
Labour Category
Straight Time/hr
Overtime Rate/hr
(Excluding GST)
(Excluding GST)
1.
$
$
2.
$
$
3.
$
$
4.
$
$
5.
$
$
6.
$
$
7.
$
$
8.
$
$
RFP # 1220-030-2014-003
Page 56 of 56