NIGP 94614: Appraisal Services, Antique

NIGP 94614 Appraisal Services, Antique (Item) covers unclaimed property auditing and recovery services that state and local governments procure to identify, verify, and recover unclaimed funds and securities held by financial institutions, corporations, and other entities. State and local buyers solicit auditing firms to conduct general ledger audits, securities audits, and contractor-assisted self-audits of holders and potential holders; prepare examination reports to NAUPA standards; collect owner identification data; and deliver recovered property to state custodians within specified timeframes. The Washington State Department of Revenue is the primary recent buyer under this code, soliciting multiple qualified vendors to serve unclaimed property auditing functions across five Washington counties.

The Washington State Department of Revenue posted RFP 2026-01 on April 16, 2026, due June 5, 2026 (with a parallel repost, RFPUCP202601, posted April 17, 2026, due June 5, 2026), seeking qualified unclaimed property auditing firms for a three-year initial term running July 1, 2026, through June 30, 2029, with a maximum appropriation of $2,000,000 over the initial period and $1,000,000 annually for extensions. Compensation is structured at ten percent of unclaimed property value actually delivered, with a three percent rate for self-audits where holders fail to comply post-audit. Required qualifications include a minimum three years' experience in multi-state unclaimed property audits, supervising staff with at least five years of unclaimed property field audit experience or senior public accounting experience, and commercial general liability insurance of at least $1,000,000 per occurrence and $2,000,000 aggregate plus professional liability insurance of $1,000,000. A mandatory bidders conference occurred May 8, 2026; written questions were due May 5, 2026; Notice of Intent to Bid deadline was May 26, 2026; and the Department notified apparent successful bidders by June 30, 2026. Six incumbent vendors from the prior RFP hold existing contracts: Kelmar Associates LLC, Kroll Government Solutions LLC, Treasury Services Group LLC, Innovative Advocates Group Inc., EECS Audit Services US LLC, and Discovery Audit Services. New contractors are limited to five initial audits before additional authorizations are granted, and all audits must be completed within twenty-four months of assignment.