38460_Nov_4_26_solicitation_doc.pdf

This Invitation to Bid document is issued by the Town of New Fairfield, Connecticut, for audit services from qualified independent public accounting firms. The Town seeks proposals for conducting annual financial audits of its general-purpose financial statements for three consecutive fiscal years ending June 30, 2029, in accordance with generally accepted auditing standards, Government Auditing Standards, and the Single Audit Act. The audit scope encompasses 41 individual funds within the Town's $77.7 million fiscal 2026-2027 budget. The bidding period runs from August 12, 2026 at 7:00 a.m. EDT through October 14, 2026 at 4:00 p.m. EDT, with a vendor question-and-answer period open through September 2, 2026 at 4:30 p.m. EDT. The Town anticipates firm selection by December 17, 2026, with contract execution within 60 days of appointment. The initial contract term covers three one-year terms with options to renew for up to two additional one-year periods.

Pricing must be submitted as all-inclusive maximum fees covering direct and indirect costs and out-of-pocket expenses, with evaluation based on technical qualifications, personnel quality, audit methodology, federal and state financial assistance experience, and pricing as the lowest reasonable bid. Supervisory audit team members must hold Connecticut certification as certified public accountants with a minimum of five years of municipal audit experience in Connecticut, and the firm must maintain professional liability insurance of $1,000,000 per occurrence and aggregate. Key audit milestones include interim fieldwork by July 31st, detailed audit plans due by August 30th, fieldwork completion by November 30th, and annual audit reports with Single Audit reports submitted by February 15th each year. The Town actively encourages proposals from enterprises owned by minorities and women and will not reimburse proposal preparation costs. Delivery terms are Free On Board Destination with Net 30 Days payment terms.