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Request For Proposal (Finance)
"I need a Request for Proposal (Finance) under Austrian law for selecting a new core banking system provider, with emphasis on cloud infrastructure and data security compliance, to be issued by March 2025."
1. Introduction: Overview of the organization issuing the RFP and high-level purpose of the procurement
2. RFP Timeline: Key dates including release date, question submission deadline, response deadline, evaluation period, and award date
3. Project Overview: Detailed description of the financial services or products being procured and business objectives
4. Scope of Services: Specific requirements, deliverables, and expected outcomes of the financial services being sought
5. Submission Requirements: Detailed instructions for proposal submission, including format, deadline, and contact information
6. Bidder Qualifications: Required qualifications, licenses, certifications, and experience for eligible bidders
7. Evaluation Criteria: Detailed breakdown of how proposals will be evaluated and weighted scoring criteria
8. Compliance Requirements: Regulatory compliance requirements, including Austrian financial regulations and EU directives
9. Terms and Conditions: General terms governing the RFP process and subsequent contract
10. Proposal Format: Required structure and content of proposals for standardized evaluation
1. Pre-Bid Conference: Details of any pre-bid meetings or conferences, used when complex requirements need detailed explanation
2. Site Visit Requirements: Information about mandatory or optional site visits, relevant for projects requiring physical infrastructure assessment
3. Prototype/Demo Requirements: Requirements for product demonstrations or proof of concept, relevant for technical financial solutions
4. Sustainability Requirements: Environmental and social responsibility criteria, used when ESG factors are important
5. Innovation Opportunity: Section allowing bidders to propose innovative solutions beyond basic requirements, useful for complex financial projects
6. Consortium Guidelines: Rules and requirements for joint proposals, used when allowing consortium bids
7. Local Content Requirements: Specifications for local Austrian content or presence, when relevant to the project
8. Transition Services: Requirements for transition from existing providers, relevant when replacing incumbent services
1. Schedule A - Technical Requirements: Detailed technical specifications and requirements for the financial services
2. Schedule B - Pricing Template: Standardized format for submitting pricing information and cost breakdowns
3. Schedule C - Service Level Agreement Template: Proposed service levels and performance metrics
4. Schedule D - Compliance Checklist: Detailed regulatory and compliance requirements checklist
5. Schedule E - Required Forms: Standard forms including non-disclosure agreements, conflict of interest declarations, and compliance certifications
6. Schedule F - Draft Contract: Proposed contract terms and conditions for the successful bidder
7. Schedule G - Security Requirements: IT security, data protection, and privacy requirements
8. Appendix 1 - Current State Assessment: Description of existing systems or services to be replaced or enhanced
9. Appendix 2 - Volume and Transaction Data: Historical data and projected volumes relevant to the service scope
10. Appendix 3 - Reference Format: Template for submitting client references and past project examples
Authors
Banking
Investment Services
Insurance
Financial Technology
Asset Management
Corporate Finance
Payment Services
Wealth Management
Risk Management
Treasury Services
Capital Markets
Regulatory Compliance
Finance
Procurement
Legal
Compliance
Risk Management
Treasury
Operations
Project Management
Vendor Management
Internal Audit
Due Diligence
Strategic Planning
Information Technology
Business Development
Chief Financial Officer
Procurement Manager
Financial Controller
Legal Counsel
Compliance Officer
Risk Manager
Treasury Manager
Project Manager
Financial Analyst
Business Analyst
Contract Manager
Vendor Relationship Manager
Due Diligence Specialist
Operations Director
Chief Risk Officer
Head of Finance
Procurement Specialist
Regulatory Compliance Manager
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