Municipal financial services

The Town of Tisbury, Massachusetts is requesting proposals from certified public accounting firms for municipal financial remediation and audit readiness services under RFP FIN-27-01, with proposals due October 27, 2026 at 3:00 p.m. and questions due October 16, 2026.

Minimum qualifications require at least five consecutive years of substantial demonstrated experience providing professional financial services to Massachusetts municipalities, proven knowledge of Massachusetts General Laws applicable to municipal finance, relevant professional credentials (CPA, CGFO, MPA, or equivalent), successful completion of at least three similar projects within the past five years with municipal client references, and current professional liability and general liability insurance.

Scope encompasses municipal accounting remediation and reconciliation, financial system stabilization and process improvement, internal controls implementation, review and revision of financial policies and procedures, staff training in municipal finance best practices, and audit readiness preparation. All work must be completed within 150 days of contract execution. Deliverables include a written work plan and timeline, interim progress reports every 30 days, and a final comprehensive report with actionable recommendations and presentation to the Select Board and/or Finance Committee.

Contractors must maintain Commercial General Liability Insurance ($1 million per occurrence / $2 million aggregate), Professional Liability Insurance ($1 million per claim / $2 million aggregate), Workers' Compensation and Employers' Liability ($500,000 each accident), and Automobile Liability Insurance ($1 million combined single limit).

Award is on a best-value basis with evaluation criteria weighted as follows: Company History and Staffing (30%), Prior Experience (30%), References (20%), and Cost (20%). Proposals must be submitted in original and five copies in sealed envelopes addressed to the Town Administrator at Town Hall Annex, 115 High Point Lane, Vineyard Haven, MA 02568. No email submissions are accepted. Any addenda will be posted on CommBuys, Central Registry, and the Town website.