Cost Allocation Study RFP

The Illinois Department of Financial and Professional Regulation (IDFPR) is seeking proposals from qualified vendors to provide cost allocation consulting services. The awarded contractor will be responsible for developing a direct and indirect cost analysis based on actual costs from the prior fiscal year, as well as producing various financial data, salary and wage analysis, and recommendations resulting from the cost allocation study. The initial contract term is 3 years, with 6 optional renewal years. Proposals are due by October 10, 2019, and the selected vendor must demonstrate experience conducting cost allocation projects for established private firms or government agencies.

The RFP includes a 5% Business Enterprise Program (BEP) participation goal, and vendors must submit a Utilization Plan detailing how they will meet this goal through subcontracting with certified BEP vendors. If the goal cannot be met, vendors must document their good faith efforts. The contract is a firm fixed-price arrangement, with no allowance for expenses, and may be partially or fully funded with federal funds. MGT of America Consulting LLC was awarded the $134,000 contract, with Balancing Matters, LLC as the registered BEP subcontractor.