Audit Services

The Texas Tech University System (TTUS) issued a Request for Qualifications (RFQ 2026-1189) on May 18, 2026, for audit services to establish non-exclusive master contracts with qualified public accounting and management advisory firms. The procurement seeks vendors capable of delivering independent financial statement audits and reviews prepared under GASB or FASB standards, program-specific audits, agreed-upon procedures engagements, fraud investigations, and cybersecurity and IT reviews. Respondents must demonstrate expertise in auditing services for public higher education, healthcare administration, and not-for-profit foundations, with particular emphasis on healthcare and higher education technical expertise and emerging audit issues. Key qualifications include possession of all necessary professional licenses and certifications, demonstrated ability to meet TTUS audit objectives, and comprehensive firm qualifications and experience. Evaluation criteria allocate 40% weight to demonstrated ability to meet TTUS audit objectives, 30% to firm qualifications and experience, 15% to audit methodology and risk-based approach, 10% to capacity and responsiveness, and 5% to value-added services. The submission deadline is June 26, 2026, at 4:00 PM Central through the TechBid online system, with a public response opening scheduled for the same date and time. Written questions must be submitted by June 5, 2026, at 1:00 PM Central, and evaluation is anticipated during July-August 2026.

TTUS requires all respondents to comply with the Historically Underutilized Business (HUB) program regulations and submit a completed HUB Subcontracting Plan regardless of subcontracting intent, establishing a set-aside designation for disadvantaged enterprises. Respondents must provide evidence of workers' compensation insurance, commercial general liability coverage with minimum $2,000,000 aggregate limits, and automobile liability coverage of $1,000,000 per occurrence, with TTUS and its Board of Regents named as additional insureds. Required submission materials include resumes, a signed Affirmation and Conflict of Interest form, and five client references with contact information for similar services. The initial contract term is four years from the date of final signature with potential automatic renewal for up to four additional one-year terms, unless either party provides sixty days' written notice of non-renewal, with a maximum total term of five years. A termination without-cause provision permits cancellation with 180 days or less notice. No specific pricing information or budget range is disclosed in the RFQ, as financial terms and contract pricing will be negotiated during the evaluation process; TTUS reserves the right to make single or multiple awards and may request oral presentations from selected respondents.