AI Investments Ltd. seeks subcontractor for evaluation and testing of machine learning models in connection with applying for funding for the project codenamed "GUARD – Deep Learning in Autoadaptive Derivative Balancing. Research and development of a comprehensive portfolio model of option positions and spot instruments with a high level of neutrality to market factors ensuring positive investment results, along with dynamic rebalancing through complex order types"
Contract Value:
PLN 2M - 2M
Notice Type:
Contract Notice
Published Date:
29 September 2026
Closing Date:
08 October 2026
Location(s):
PL91 Warszawski stołeczny (PL Poland/POLSKA)
Description:
Services are sought for the evaluation and testing of machine learning models as part of the GUARD project, focusing on developing a neutral portfolio model for options and spot instruments with dynamic rebalancing.
Request for Proposal No. AII/FENG/SMK/04/2026/QA Estimated value: 2,100,000.00 PLN The subject of the contract is the selection of a Subcontractor who will provide services to the Contracting Authority, in the form of work related to the evaluation and testing of machine learning models implemented within the project under the working title: "GUARD – Deep Learning in Auto-Adaptive Hedging of Derivatives. Research and development of a comprehensive portfolio model of option positions and spot instruments with a high level of market factor neutrality ensuring positive investment results, along with dynamic rebalancing through complex order types".
Project duration: 01.06.2027 - 30.09.2030
List of works related to the evaluation and testing of machine learning models to be executed in individual project tasks:
Task 1 "Industrial research on multi-source data fusion, feature engineering, and market regime identification for non-stationary time series." Scope of work for this task: - Development of test strategies for data attribute retrieval and transformation. Estimated effort: 50 person-days. - Development of test cases for feature retrieval and selection. Estimated effort: 50 person-days. - Execution of retrieval and selection tests. Estimated effort: 150 person-days. Estimated total effort for Task 1: 250 person-days. Task duration: 01.06.2027 - 31.01.2028.
Task 2 "Industrial research on the architecture of deep hedging models and Explainable Artificial Intelligence (XAI) methods." Scope of work for this task: - Development of test strategy for the evaluation of deep hedging models. Estimated effort: 50 person-days. - Preparation of test cases for technical tests of the aforementioned models. Estimated effort: 50 person-days. - Execution of technical tests for the aforementioned algorithms. Estimated effort: 200 person-days. Estimated total effort for Task 2: 300 person-days. Task duration: 01.02.2028 - 30.04.2029.
Task 3 "Industrial research on dynamic portfolio rebalancing using Reinforcement Learning (RL) and generative market simulators (Digital Twin)." Scope of work for this task: - Development of test strategy for evaluation of dynamic portfolio rebalancing algorithms using reinforcement learning and generative market simulators. Estimated effort: 50 person-days. - Preparation of test cases for technical tests of the aforementioned algorithms. Estimated effort: 50 person-days. - Execution of technical tests for the aforementioned algorithms. Estimated effort: 200 person-days. Estimated total effort for Task 3: 300 person-days. Task duration: 01.05.2029 - 31.03.2030.
Task 4 "Development work – Validation of models in environments close to real conditions and integration architecture with consortium members' products" Scope of work for this task: - Development of test strategies for evaluation of the rebalancing module and Deep Hedge as well as integration test strategies. Estimated effort: 50 person-days. - Preparation of test cases for technical tests of the rebalancing and Deep Hedge modules as well as integration between Deep Hedge module and AI Investments platform. Estimated effort: 50 person-days. - Execution of technical tests according to developed test cases. Estimated effort: 150 person-days. Estimated total effort for Task 4: 250 person-days. Task duration: 01.04.2030 - 30.09.2030.
Service provision schedule
During the order execution, the number of service hours provided per month may vary according to current research process needs. The service schedule will be agreed with the Contractor one month in advance, based on the Ordering Party's demand and the Contractor's capabilities. At the same time, to ensure continuity and efficient progress of R&D works in the project: - the service should be provided continuously throughout the project duration, - service acceptance and remuneration payment will be made monthly, based on the actual number of hours worked in the given month and supported by technical and project documents (reports) produced within the service delivery.
Category: Service / IT Services CPV: 72000000-5 IT services: consulting, software development, internet and support, 72312100-6 Data preparation services, 72316000-3 Data analysis services, 73000000-2 Research and experimental development services and related consultancy services Place of performance: Warsaw, Śródmieście district, Mazowieckie Voivodeship
Offer evaluation criteria: - The Ordering Party will evaluate offers based on the following criteria: Net price – weight 100% Only offers that comply with the terms of the request for proposal, in particular consistent with the description of the subject of the contract and submitted by entities not excluded from the procedure, will be subject to scoring.
Conditions of participation: - Knowledge and experience: The Offeror must have the knowledge and experience enabling correct execution of the subject of the contract. Offerors may apply who meet the following conditions: - On the date of submission of the offer, have a team delegated for the implementation of this service consisting of at least three IT specialists. - Each team member has documented at least 10 years of experience in agile IT project management. - To prove meeting this condition, the Offeror should attach a list of IT projects where the delegated team members participated, which were managed in an agile way, along with their implementation periods. - At least two members of the delegated team have documented practical experience in research work, including the use of the latest machine learning-based solutions. - To prove this, the Offeror should attach a list of projects in which the delegated team members participated, especially grant projects: Fast Track and Eurostars or Horizon 2020, or similar. - At least one team member holds a doctoral degree. - To prove this condition, the Offeror should attach a copy of diploma or equivalent document confirming the required education of the person delegated for this service. - At least one team member holds an ISTQB certificate. - To prove this, the Offeror should attach a scan/copy of the certificate of at least one delegated team member. - The Offeror has documented experience in conducting experiments and evaluation of machine learning algorithms. - To prove this, please indicate at least one project in which team members carried out such tasks. - All team members delegated to provide the service have documented at least 10 years of experience ensuring quality of distributed and highly available IT systems. - To prove this, the Offeror should attach a list of projects where delegated team members practically applied IT system quality assurance skills. - The Offeror has experience ensuring quality in IT projects in the fields of systematic trading, quantitative investments, especially using machine learning algorithms. Please indicate at least one project in this area. - The Offeror has experience in integration testing with brokers using the FIX protocol, minimum version 4.4. Please indicate at least one project in this area.
The list of projects mentioned in part IV should be included in Appendix No. 2 - Offer Form AII/FENG/SMK/04/2026/QA. - Technical potential: Minimum hardware configuration required of the Subcontractor: - The Offeror should have appropriate technical potential and personnel capable of proper execution of the subject of the contract. The Offeror is required at a minimum to provide: 3 workstations with at least Intel i7 processor or equivalent from another manufacturer, 32 GB RAM, 1TB HDD, with GPU chipset minimum Turing class - RTX 4xxx (or equivalent from another manufacturer) with at least 8GB GPU RAM. - List of required documents/declarations: Appendix No. 1 - Detailed description of the subject of the contract AII/FENG/SMK/04/2026/QA Appendix No. 2 - Offer form AII/FENG/SMK/04/2026/QA Appendix No. 3 - Declaration of meeting participation conditions AII/FENG/SMK/04/2026/QA Appendix No. 4 - Declaration of no ties with the Contracting Authority AII/FENG/SMK/04/2026/QA Appendix No. 5 - GDPR information clause AII/FENG/SMK/04/2026/QA - Authorizations to perform specific activities or actions: Contractors who: - Are not excluded from the procedure. - Meet the participation conditions specified in section IV of this request for proposal. - Offer the subject of the contract meeting the technical parameters specified by the Contracting Authority in section III of this request for proposal. - The Offer Form, which is Appendix No. 2 to this Request for Proposal, should contain a precise specification of the offered equipment. - Have the necessary authorizations to properly execute the subject of the contract, if legal regulations require such authorizations. - Have knowledge and experience enabling proper execution of the subject of the contract. - Have appropriate technical potential and personnel capable of proper execution of the subject of the contract. - Are in an economic and financial situation allowing proper execution of the subject of the contract.
- Persons capable of performing the contract: EXCLUSION FROM THE PROCEDURE Entities not meeting the participation conditions listed in section IV are excluded from participation. Entities capital or personal-related with the Contracting Authority are also excluded. Capital or personal ties mean mutual relationships between the Contracting Authority or persons authorized to incur liabilities on behalf of the Contracting Authority, or persons performing activities related to preparation and carrying out the contractor selection procedure on behalf of the Contracting Authority, and the Offeror, particularly: - participation in the company as a partner in a civil law partnership or personal company, - holding at least 10% shares or stocks, - holding the function of a supervisory or management body member, proxy, attorney, - being in a marriage, kinship, affinity in a direct line, - second-degree kinship or affinity in a collateral line or in adoption, custody, or guardianship relationship. The Contracting Authority will consider that conditions for Offeror exclusion do not apply if the Offeror submits a Declaration of meeting participation conditions and Declaration of no ties with the Contracting Authority, constituting Appendices Nos. 3 and 4 to this request for proposal. Offers submitted by persons subject to exclusion will not be considered.
- Economic and financial situation: Contractors who: 1. Are in an economic and financial situation allowing proper execution of the contract. 2. Are not in arrears with payments to the Tax Office, Social Insurance Institution, environmental fees, and other public-law liabilities.
- Additional participation conditions: The Contracting Authority reserves the right to change or supplement the content of the request for proposal before the deadline for submission of offers. Information about changes or supplements will be published at the place of publication of the request. If changes or supplements require modifications to offers, the Contracting Authority will extend the submission deadline accordingly. The current content of the request for proposal includes the request along with any published changes, supplements, and answers/explanations to Offerors' questions. Offerors are required to actively monitor any such updates. The Offeror bears all costs related to preparing and submitting the offer. The Offeror is bound by the offer for a period of 90 days from the deadline for submission. Partial or variant offers are not allowed. Selection of the most advantageous offer does not obligate the Contracting Authority to conclude a contract with the Contractor. The selected Offeror will be informed about the contract signing place and date by phone or email. The contract will be conditional if signed before or on the day of submitting the funding application. The Contracting Authority reserves the right that if the offeror is selected before signing the funding agreement with the financing institution, a conditional contract will be signed, and service execution will depend on a positive decision by the funding institution regarding project implementation. The Contracting Authority reserves the right to verify, during the evaluation of offers or before concluding a contract with the selected Bidder, the truthfulness of the statements made by them, as well as to request additional documents confirming the truthfulness of the submitted statements. In case the Bidder who submitted the most advantageous offer fails to conclude the contract, the Contracting Authority reserves the right to conclude a contract with the Bidder whose offer achieved the next highest number of points, without conducting a new tender procedure. The Contracting Authority has the right to correct obvious clerical and arithmetic errors in the offer. If the Bidder presents information constituting a trade secret within the meaning of the Act of April 16, 1993, on combating unfair competition, they should clearly indicate which sections of the offer constitute a trade secret and cannot be disclosed to third parties. The Contracting Authority reserves the right to grant the Contractor a supplementary contract (consistent with the description of the subject of the basic contract) not exceeding 50% of the value of the basic contract specified in the agreement concluded with the Contractor. The Contracting Authority reserves that: - it has the right not to select any of the submitted offers; - it has the right to cancel the tender procedure at any time without giving reasons or prior notice to Bidders; - it has the right to amend or supplement the documents forming part of the inquiry, which will become an integral part thereof; - it may extend the deadline for submitting offers, whereby no claims shall arise on the part of the Bidder against the Contracting Authority on the above grounds. Personal Data With regard to personal data contained in the offers, the Contracting Authority shall become the data controller at the moment of submission of the offer within the meaning of Article 4(7) of Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC ("GDPR"). The Contracting Authority will process this data for the purposes of evaluating offers, concluding a contract with the selected contractor, and for the implementation of the concluded contract, i.e. based on Article 6(1)(b) GDPR. The Contracting Authority will transfer the personal data contained in the submitted offers, based on applicable legal provisions, to authorized bodies and institutions with the right to control projects co-financed from funds from the European Union budget. These data will be transferred in particular to the Intermediate Body – the National Centre for Research and Development, whose administrator will be the minister competent for development based on Article 71(1). Information regarding the scope of data processing by the relevant institutions can be found at: General rules for processing personal data within European Funds. The Contracting Authority will process personal data for the period it is obligated by applicable law to keep all documentation related to the project co-financed from the EU budget.
The Buyer:
AI Investments Spółka z Ograniczoną Odpowiedzialnością