RFP 170-4438-25 Questions_Responses_FINAL.xlsx

The document is a Questions and Responses Excel spreadsheet (RFP 170-4438-25) for External Audit Services issued by the Oregon State Treasury (OST), specifically targeting an external audit firm to conduct comprehensive audits of Private Markets investment sub-programs for the Oregon Public Employees Retirement Fund (OPERF) and State Accident Insurance Fund (SAIF). The solicitation is open from June 18, 2025, to July 18, 2025, at 12:00 PM Pacific Time, with anticipated audit periods in October/November 2025 for Real Assets and February/March 2026 for Private Equity. The RFP seeks a single contractor to perform detailed audit work across three primary phases: Audit Planning (35%), Audit Fieldwork (40%), and Reporting (25%), with specific documentation requirements for Real Assets and Private Equity audit tracks.

The evaluation will be comprehensive, with a total possible score of 1,200 points, including 700 technical evaluation points and 250 pricing points. Minimum qualifications for key personnel include professional certifications such as CPA & CFA, or CIA & CFA, with a recent modification allowing flexibility in certification requirements. The solicitation strongly emphasizes business diversity through a Certified Disadvantaged Business Outreach Plan, encouraging participation from various certified business types including Minority-Owned, Woman-Owned, Service-Disabled Veteran-Owned, and Emerging Small Businesses. While no specific budget range is stated, the contract will be deliverable-based with a maximum compensation limit to be negotiated, and vendors can propose services for one or both programs, with a potential preference for comprehensive proposals covering both Real Assets and Private Equity.