“Procurement for increased arbitration services is required so that FSCO can continue to handle the high volume of arbitration files already in the system and those that continue to be received,” says Rose. “FSCO is required to comply with Ontario Public Service procurement directives and issue an RFP in order to ensure a fair and transparent process.”
FSCO has issued a Request for Proposal for arbitration services that has been posted on MERXTM, the electronic tendering system used by the Province of Ontario. An independent Fairness Commissioner is being retained to monitor the procurement process.
A spokesperson for ADR Chambers told Insurance Business that they anticipate putting forth a bid for this new contract.
FSCO expects to have the contract in place by June. Once a new contract is in place, files will no longer be assigned under the current contract.