G4018 Integrity Oversight Monitoring

CohnReznick Advisory LLC was awarded a contract by the New Jersey Department of the Treasury, Division of Purchase and Property, for Integrity Oversight Monitoring services related to COVID-19 recovery funds. The contract, identified as GSA 26-PROS1-117634, covers comprehensive monitoring across three primary service categories: Program and Process Management Auditing, Financial Auditing and Grant Management, and Integrity Monitoring/Anti-Fraud services. The firm will provide oversight for federal and state funds allocated to pandemic economic recovery efforts, focusing on preventing waste, fraud, and abuse in fund disbursement.

The contract was originally established on April 12, 2021, with multiple extensions, and is currently set to run through April 11, 2026. While specific contract value details are not explicitly stated, the engagement allows for task order-based services with hourly rates ranging from $74 to $295 per hour depending on staff classification. CohnReznick will be responsible for conducting risk assessments, evaluating project performance, reviewing internal controls, validating compliance, conducting interviews, and providing quarterly reports detailing findings and recommendations for COVID-19 recovery program monitoring across various New Jersey state agencies and independent authorities.