“CFO to go” financial services

The Texas Water Development Board (TWDB) is seeking responses to a Request for Qualifications (RFQ) for "CFO TO GO" Financial Services. The TWDB is looking to contract with financial services firms qualified to provide accounting services to recipients of TWDB project funding, including evaluating the policies and procedures of these entities in areas such as financial statement preparation, debt service compliance, and internal control design. The selected contractor(s) will be expected to recommend process changes and provide documentation of revised policies and procedures to address any opportunities for efficiencies and/or strengthened internal control. The RFQ covers a contract term from the date of execution through August 31, 2025, with potential extensions up to August 31, 2027. Services will be requested on an as-needed basis with no guaranteed minimum. TWDB will select up to four contractors and issue specific task orders outlining the work requirements and compensation for each engagement.

The RFQ does not anticipate the need for subcontracting, and TWDB will evaluate and select the most qualified respondents based on criteria such as previous experience, technical approach, and ability to provide services statewide. The selected contractors will be subject to performance reviews, and their past performance will be considered in future procurements. The RFQ does not specify any set-aside designations or restrictions on the types of organizations that can respond, and it does not list any incumbent vendors or current contractors.