Enterprise Fraud Risk Program

The Teacher Retirement System of Texas (TRS) is soliciting proposals under solicitation number TRS000718 for the implementation of an enterprise fraud detection and monitoring solution. The objective is to deploy a platform capable of identifying, analyzing, and investigating fraud, waste, abuse, and undisclosed conflicts of interest through continuous monitoring of system activity and data. The project is divided into three distinct scopes of work: Pension Fraud, Procurement Fraud, and Paper Fraud. The selected contractor will be responsible for providing implementation services, including a formal deployment plan, role-based training, and ongoing operational support. For the Paper Fraud scope, contractors may provide either a full solution or expert advisory services. The contract is structured as a firm fixed price agreement with a deliverables-based payment model, where invoices are submitted via the PAVES system upon formal written acceptance of each phase. Software licensing and maintenance are billed annually. Award selection is based on the best overall value, evaluated through a process that may include presentations, interviews, and a best and final offer round. Key requirements include TX-RAMP certification for cloud services, compliance with Texas Government Code security controls, and adherence to HIPAA and SOC2 standards. Contractors must also comply with Texas state laws regarding cybersecurity training, antitrust affirmations, and the Veteran Heroes United in Business subcontracting plan. All proposals must be submitted through the PAVES portal by November 20, 2026.