Auditing Services

Spartanburg Community College in South Carolina is seeking a qualified auditing firm to provide comprehensive financial audit services for fiscal years ending June 30, 2025 through 2029. The procurement opportunity involves performing annual financial audits, conducting compliance reviews of financial statements, and ensuring adherence to federal and state requirements, including lottery tuition assistance program compliance. Proposers must submit comprehensive responses by April 9, 2025, at 11:00 AM EST, with all questions due by March 19, 2025. The contract will initially be for one year with four potential one-year renewal options, creating a maximum potential contract period of five years from May 13, 2025, through May 12, 2030. Key deliverables include completed audit reports to be submitted by September 30 annually to meet state reporting deadlines, with the selected firm responsible for reviewing operating revenues ($27.8 million in FY2024) and operating expenses ($73.3 million in FY2024). Proposals must include detailed pricing for each potential contract year and hourly rates for technical assistance services, with payment structured as two 50% installments based on completion percentage and final report delivery.

The solicitation does not explicitly specify set-aside designations or restrictions for disadvantaged enterprises. The contract appears open to qualified auditing firms with demonstrated experience in higher education financial auditing and compliance reporting. Payment will be structured with an initial 50% installment based on completion percentage and a final 50% payment upon delivery of bound reports, with potential price adjustments for renewal terms based on Consumer Price Index (CPI) increases. While no incumbent vendor is mentioned, the procurement suggests a competitive selection process focused on technical expertise, comprehensive audit capabilities, and competitive pricing. The total potential contract value could range between $75,000 to $150,000 annually, depending on the complexity of audit requirements and technical assistance needs. Interested firms should carefully review the complete solicitation document and prepare comprehensive proposals that demonstrate technical capabilities, relevant experience, and competitive pricing across the potential five-year contract period.