MPA-503 Internal & Performance Auditing/Financial Statement Analysis Services

The State of Rhode Island's Office of Internal Audit and Division of Purchases is seeking qualified certified public accounting firms to provide internal and performance auditing and financial statement analysis services through an Open Enrollment Technical Proposal (OET). This Master Price Agreement (MPA) will establish a statewide qualified vendor list for providing comprehensive auditing and financial analysis services to state agencies, quasi-governmental organizations, municipalities, and legislative/judicial branches. The solicitation covers a period from January 17, 2025, through December 31, 2028, with an initial contract period beginning approximately March 1, 2025, for five years and potential renewal for up to three additional 12-month periods. Vendors must submit proposals electronically through the Ocean State Procures system, with a vendor Q&A period running from January 17, 2025, at 2:15 PM EST through February 3, 2025, at 10:00 AM EST. Key qualifications include professional certification, extensive experience in internal and performance auditing, and the ability to conduct detailed financial statement analyses. The state will evaluate proposals based on technical capabilities, professional experience, and compliance with solicitation requirements.

The procurement encourages participation from minority and women-owned businesses (MBE/WBE), requiring vendors to submit an MBE Participation Acknowledgment Form and develop MBE Utilization Plans for specific awards. Vendors must meet specific insurance requirements, including $1M general liability, workers compensation, $1M automobile liability, and $2M professional liability coverage. A 1% contract administrative fee will be assessed on all MPA contracts, and vendors must submit quarterly reports detailing invoiced amounts within 45 days of each calendar quarter end. The solicitation will utilize a mini-bid process for specific projects, with at least one quote required from MBE/WBE/VBE certified vendors when available. While no specific incumbent vendors are mentioned, the state reserves the right to make single or multiple awards, with no guaranteed minimum purchasing activity. Vendors must be registered in Ocean State Procures and will be selected for a qualified vendor list from which agencies can request services on an as-needed basis. Additional coverage will be required for vendors accessing confidential information, emphasizing the state's commitment to data security and professional standards.