Item - 2024.BA85.7

The Bid Award Panel adopted the following:

1.  Bid Award Panel grant authority to award the contract in accordance with the Contract Details set out in the report (June 20, 2024) from the Chief Procurement Officer:

Solicitation Number:

Vendor of Record Doc4172997536 Cyber Security Services and Deliverables, Request for Service Number Doc4589616736.

Description:

Request for Services for Tenable License Subscription for the City of Toronto’s Office of the Chief Information Security Officer for a period of three (3) years from July 1, 2024 with an option in favour of the City to extend the agreement on the same terms and conditions for up to two (2) consecutive one (1) year periods.

Note: Should the option(s) be exercised, then the Chief Information Security Officer will request the Chief Procurement Officer to process the renewals under the same terms and conditions.

Recommended Supplier:

Deloitte LLP

Contract Award Value:

$1,822,593 net of all applicable taxes and charges

$2,059,530 including all taxes

$1,854,671 net of HST recoveries

Contract is expected to start on July 1, 2024 and end on June 30, 2027.

Option Year 1 

$604,355 net of all applicable taxes and charges

$682,921 including H.S.T. and all applicable charges

$614,991 net of H.S.T. recoveries

Option Year 2 

$604,355 net of all applicable taxes and charges

$682,921 including H.S.T. and all applicable charges

$614,991 net of H.S.T. recoveries

The total potential contract award including all optional periods is $3,031,303 net of all applicable taxes and charges ($3,425,372 including all applicable taxes and charges).

The total potential cost to the City including optional periods is $3,084,653 net of H.S.T. recoveries.

Solicitation Issued:  May 17, 2024                     Solicitation Closed:  June 11, 2024

Number of Addenda Issued: One (1)

Number of Bids: Two (2)

Table 2: Summary of Bids Received

Range of Scores:

90 to 93