Financial Management Services

The Regional Transit Authority of Southeast Michigan (RTA) is seeking proposals for Financial Management Services through RFP 2025-001, inviting qualified firms to serve as the organization's contracted Accounting Department. The procurement covers a contract period from October 1, 2025, to September 30, 2027, with potential for up to three one-year renewal options. The selected contractor will be responsible for supporting financial operations, ensuring compliance with Government Finance Officers Association (GFOA) standards and Federal Transit Administration (FTA) requirements, and driving process improvements. Proposals are due on May 13, 2025, by 3:00 PM EST and must be submitted via BidNet Direct. The RFP indicates a fixed-price contract structure with approximately 4,900 monthly transactions estimated for fiscal year 2025. Evaluation criteria will be weighted as follows: capacity and resources (35 points), experience and qualifications (25 points), technical approach (20 points), and price proposal (20 points). Proposers must submit comprehensive documentation including an organizational overview, detailed work plan, references, completed forms, and a separately sealed price proposal with fee breakdowns by task.

The RFP does not explicitly mention specific set-aside designations or restrictions for disadvantaged enterprises. The contractor will be expected to establish a Chief Financial Officer (CFO)-led team with demonstrated transit finance experience and integrate with the RTA's existing financial systems, which include QuickBooks Online, Bill.com, and Bill.com Spend and Expense P-Card program. The selected firm will also need to facilitate a transition to a more robust Enterprise Resource Planning (ERP) solution. While specific budget ranges are not detailed in the provided documentation, the complexity of the required services and the extensive monthly transaction volume suggest a substantial contract value. The integration requirements and the need for specialized transit finance expertise indicate that the ideal respondent will be a professional services firm with specific experience in governmental and transit financial management.