Request for Proposal for Privileged Access Management (PAM) Solution

Published: Friday January 12th, 2024

Amended: Thursday February 1st, 2024

This Request for Proposal (RFP) is being issued by the Central Bank of The Bahamas 
(hereinafter referred to as the Bank), inviting technical and commercial proposals from
qualified bidders for the supply, delivery, installation, and commissioning of a Privileged
Access Management (PAM) Solution. This solution aims to secure and control access to
sensitive systems, data, and resources by managing privileged user accounts and
actions. 

The overall goal of this project is to: 

• Mitigate security risks associated with unauthorized access to critical systems

and data. 

• Enforce least privilege principles and ensure privileged users have appropriate

access rights. 

• Monitor, audit, and track privileged user activities for compliance and nonrepudiation.
   
• Enhance operational efficiency by streamlining privileged access workflows.

This RFP states the overall scope of the initiative, current technology used, outcomes 
desired, as well as, desired vendor qualifications, bid criteria and the evaluation process. 

The Bank seeks a bidder with a proven track record of delivering the services and
solution outlined herein, a demonstrated awareness of the spectrum of solutions
available in the market and the capacity to manage timelines and deliverables.  Other
factors that shall contribute to the selection of a bidder include, but are not limited to,
price, service and support, solution ease of use and integration with other applications.  

Bids are to be submitted electronically to [email protected] and must be
submitted not later than 4.00 pm (EDT) on February 16, 2024. Please download and
view the document for additional information.

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