Contract Award - Asset Management Implementation (2024-CS-VAR-2030.30)

As identified in Toronto Parking Authority's Enterprise Risk Management program, aging infrastructure, equipment, and technology pose significant risks. The Asset Management Program is crucial to managing assets effectively, modernizing equipment, and ensuring sustained operational quality. Compliance with Ontario Regulation 588/17 mandates municipalities and their division and agencies establish an Asset Management Program by July 1, 2025, requiring an Asset Management Plan submission. In 2023, Toronto Parking Authority contracted CIMA+ to review and assess our initial Asset Management position. CIMA+ determined that Toronto Parking Authority's maturity level was at 1 - 'Aware'- significantly below the regulated expectation of level 3 - 'Competent.' Based on these findings, CIMA+ presented Toronto Parking Authority with a structured implementation roadmap divided into distinct phases: establishing frameworks, conducting training, pilot implementation, software integration, and continuous improvement efforts (see Appendix A - Asset Management Briefing July 19, 2024). With the CIMA+ report, the Toronto Parking Authority issued a request for proposal contract for the development of a Toronto Parking Authority-wide Asset Management Program. The selection process for the contract involved a comprehensive evaluation of bids, technical proposals, pricing, project history, and reference checks, resulting in the recommendation to award the contract to WSP Canada Inc. for a total sum of $2,881,380.