Quantitative Risk Analysis Solution Tender Summary

Objectives

The primary objective is to acquire a mature, off-the-shelf quantitative risk analysis and decision-support platform that transitions the organisation from deterministic, single-point forecasting to probabilistic, uncertainty-driven analysis. The solution must enable the systematic identification, modelling, quantification, analysis, and clear communication of risk across financial, programme, project, strategic, and operational activities, thereby empowering leadership to evaluate alternative decisions under uncertainty with confidence.

Scope of Work

• Supply, deploy, and maintain a desktop-based quantitative risk analysis application for a three-year contract period.
• Provide a transferable single-user licence, full implementation, comprehensive user training, and ongoing technical support.
• Ensure seamless integration with existing enterprise risk management processes and compatibility with Microsoft Excel and Project.
• Maintain strict data sovereignty, ensuring organisational information remains inaccessible to vendors, third parties, or external users.
• No custom development is permitted; the solution must be a commercially available, proven product ready for immediate deployment.

Technical Requirements

• Platform & Integration: Fully compatible with current and backward-compatible Microsoft Windows environments. Must operate natively alongside Microsoft Office productivity tools.
• Core Analytics: Must support Monte Carlo simulation, probabilistic risk analysis, scenario and stress testing, sensitivity analysis, correlation/dependency modelling, decision-tree analysis, and automated quantitative reporting.
• Modelling Approach: Replaces deterministic assumptions with probability distributions, enabling repeated model evaluations using sampled values to map outcome ranges and likelihoods.
• Security & Data Protection: Requires robust encryption, identity/access management, audit logging, and vulnerability management. The system must guarantee zero backdoor or remote access for the supplier. Data export mechanisms must prevent unauthorised transmission.
• Evidence & Validation: Bidders must submit verifiable proof of functionality via screenshots, functional model files, or recorded demonstrations directly mapped to evaluation criteria.
• Authorisation: Third-party bidders must provide valid OEM or distributor appointment letters confirming authority to market, supply, licence, implement, and support the solution.

Skills & Capability Requirements

• Proven expertise in quantitative risk modelling, statistical simulation, and decision-support system architecture.
• Demonstrated experience implementing enterprise risk management solutions within complex, multi-variable organisational environments.
• Strong technical proficiency in cybersecurity, data privacy controls, and secure software deployment methodologies.
• Ability to develop detailed implementation method statements, deliver structured training programmes, and provide responsive technical support.
• Full compliance with South African public procurement regulations, including Central Supplier Database (CSD) registration, tax compliance, and B-BBEE documentation submission.

Key Terms & Unusual Requirements

• 80/20 Preference Point System: A standard South African preferential procurement framework where 80 evaluation points are allocated to price competitiveness and 20 points to specific socio-economic transformation goals, primarily based on verified Black economic empowerment ownership metrics.
• AI Content Prohibition: Any proposal containing undisclosed artificial intelligence-generated text, or claims that cannot be substantiated or demonstrated, will result in automatic disqualification. All submissions must be original and verifiable.
• Fronting: A criminal offence under the Broad-Based Black Economic Empowerment Act involving the false representation of ownership or control to unlawfully secure procurement advantages. Strict verification and sworn declarations are required.
• CSD Registration: Mandatory enrolment in the Central Supplier Database, the national government repository for all entities seeking to supply goods or services to the public sector.