When is the submission deadline?

Submissions are due October 8, 2026.

What is the budget for this RFP?

Settle estimates the budget at $50,000 – $150,000. The issuer has not published an official figure.

It was issued by City Of Richmond. The work is located in Richmond, British Columbia, Canada.

Who is a good fit for this opportunity?

Enterprise risk management consulting firm with organization-wide implementation experience. Proven expertise in risk governance, corporate risk registers, reporting, and controls. Experience supporting public-sector, municipal, or similarly complex organizations. Strong capabilities in stakeholder engagement, training, and knowledge transfer. Canadian or British Columbia presence preferred.

Enterprise Risk Management Enhancement and Implementation Solution (Due October 8, 2026)

Overview

Management Consulting & Admin Support

Richmond, British Columbia, CanadaPosted: September 12, 2026Deadline: October 8, 2026

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SUMMARY

The city is seeking a vendor to enhance and implement an organization-wide enterprise risk management program, including standardized processes, reporting tools, governance structures, and a centralized corporate risk register. The one-year engagement will also include training and knowledge transfer.

KEY REQUIREMENTS

Must have successfully completed a minimum of three Enterprise Risk Management projects within the five years preceding the RFP closing time for Canadian municipalities, regional districts, or other public-sector organizations.
Proposed Project Manager must have personally completed a minimum of three Enterprise Risk Management projects within the five years preceding the RFP closing time for Canadian municipalities, regional districts, or other public-sector organizations.
Must be registered as a plan taker on the Bidding System.
Must have a Bidding System vendor account.
Must be able to obtain General Liability Insurance.
Must be able to obtain Professional Liability Insurance.
Must agree to enter into the City of Richmond's General Terms and Conditions for Consulting Services.

BUDGET

Estimate

$50,000 – $150,000

TIMELINE

Milestone #1 (Phases 1a, 1b): Q4 2026 – Q1 2027

Milestone #2 (Phases 1c, 1d): Q1 2027 – Q2 2027

Milestone #3 (Optional Phase 2a): Q4 2027

Milestone #4 (Optional Phase 2b): Q2 2028

Issuing Agency

City Of Richmond

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DESCRIPTION

The vendor will provide an enterprise risk management enhancement and implementation solution designed to advance a practical, scalable, and sustainable organization-wide approach to identifying, assessing, prioritizing, managing, monitoring, and reporting risks.

The engagement will involve working with the city’s divisions and business units to develop risk information supporting divisional and corporate-level oversight. Expected outputs include a corporate risk register and recommendations for an integrated, sustainable enterprise risk management program connecting risk information, governance, reporting, and decision-making across divisions, departments, and business units.

The solution will establish consistent risk management practices, standardized tools and reporting mechanisms, strengthened governance and accountability, and support for risk-informed strategic planning, budgeting, resource allocation, and decision-making. It will also promote risk awareness, cross-functional collaboration, continuous improvement, and organizational capability through training, guidance, and knowledge transfer. The contract period will be one year, and questions must be submitted by September 25, 2026.

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Frequently asked questions

When is the submission deadline?: Submissions are due October 8, 2026.
What is the budget for this RFP?: Settle estimates the budget at $50,000 – $150,000. The issuer has not published an official figure.
Who issued this RFP?: It was issued by City Of Richmond. The work is located in Richmond, British Columbia, Canada.
Who is a good fit for this opportunity?: Enterprise risk management consulting firm with organization-wide implementation experience
Proven expertise in risk governance, corporate risk registers, reporting, and controls
Experience supporting public-sector, municipal, or similarly complex organizations
Strong capabilities in stakeholder engagement, training, and knowledge transfer
Canadian or British Columbia presence preferred

Analysis generated by Settle AI from the source RFP.

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Settle pieces together buyer signals, budgets, contract activity, and the sources your team already monitors. See why an opportunity fits and what to do before the RFP posts.

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