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Mar 27, 2023
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This Request for Proposals (the “RFP”) is an invitation by the Regina Exhibition Association Limited (“REAL”) to prospective proponents to submit proposals for the Special Examination of Major Agreements as further described in Section A of the RFP Particulars (Appendix B) (the “Deliverables”).
REAL seeks proposals in response to this RFP from an experienced company capable of completing the work associated with Contract Management at REAL. The successful proponent will provide a report detailing an extensive review of REAL’s major contracts.
The Regina Exhibition Association Limited (REAL) is entering a significant period of transition with the appointment of a new CEO and executive. This change in leadership presents both an opportunity and a responsibility to reaffirm REAL’s commitment to transparency, accountability and sound financial stewardship.
In this context, the proposed Special Examination of Major Agreements is a timely and prudent step. This examination would provide independent assurance that the financial and management terms of REAL’s largest and most complex agreements have been properly administered, accurately reported, and consistently applied in accordance with contractual obligations.
The Special Examination will focus on REAL’s major commercial agreements relating to Facilities Management, Major Event Management (Sports, Agriculture, etc.), and Food and Beverage services. There are currently 5 complex agreements identified to be reviewed.
These contracts vary in term - from 5 to 10 years. The engagement would provide a review of contract management practices related to these agreements for the period January 1, 2023, to March 31, 2025.