CPCFA01-25 - Conduit Financial Audit Services

The California Pollution Control Financing Authority (CPCFA) has issued a Request for Proposals (RFP) No. CPCFA01-25 for Conduit Financial Audit Services to be performed in accordance with Government Code sections 5871 and 5872, and the Office of the State Controller's minimum auditing requirements. The procurement seeks a qualified auditing firm to provide comprehensive financial audit services for CPCFA's conduit financing programs. Potential vendors must submit detailed proposals demonstrating their expertise in governmental financial auditing, specific experience with state financing authorities, and comprehensive understanding of complex financial review processes. The RFP requires thorough documentation of audit methodologies, professional credentials, and a comprehensive approach to meeting state financial reporting standards. Key proposal submission details include a due date of May 30, 2025, with the RFP originally posted on May 6, 2025. Evaluation criteria will likely focus on technical expertise, proposed audit approach, professional qualifications, and cost-effectiveness of the proposed audit services.

While the attached documentation does not explicitly outline specific set-aside designations or vendor restrictions, state procurement typically encourages participation from diverse vendors, potentially including small businesses, minority-owned enterprises, and local California-based firms. The RFP does not indicate a specific incumbent vendor, suggesting this may be a new or re-competed contract opportunity. Although the exact budget range is not specified in the provided materials, conduit financial audit services for state financing authorities typically range from $50,000 to $250,000 annually, depending on the complexity of financial transactions and reporting requirements. The contract will likely be awarded based on a comprehensive evaluation of technical capabilities, audit approach, professional qualifications, and overall value proposition. Interested firms should carefully review the full RFP document (CPCFA01-25_-FINAL_RFP(05-06-25).pdf) for complete details on submission requirements, evaluation criteria, and specific scope of work.