Audit Financial Services RFP 462-2026-0003

The Texas Department of Licensing and Regulation (TDLR) issued Request for Proposals (RFP) No. 452-2026-0003 for annual financial audit services for the Texas Lottery Program covering fiscal year 2026 (May 1, 2026 through April 30, 2027). The procurement seeks qualified certified public accounting (CPA) firms or individuals licensed by the Texas State Board of Public Accountancy to perform a comprehensive independent financial audit in accordance with Government Auditing Standards and American Institute of Certified Public Accountants standards. Key deliverables include draft audit reports due by November 30th annually and final reports by December 14th, with the successful proposer required to conduct entrance and exit conferences with TDLR staff, establish detailed work plans, maintain comprehensive work papers for seven years, and provide all deliverables in electronic format. Proposers must demonstrate financial soundness through audited financial statements or other proof of financial assurance and maintain professional liability insurance with minimum limits of one million dollars. A pre-proposal conference was held on March 12, 2026 via Microsoft Teams, with written questions due by March 25, 2026, and electronic proposals due by April 15, 2026 at 4:00 p.m. Central Time, with the apparent successful proposer to be announced on or before May 1, 2026. The contract term is effective upon execution through April 30, 2027, with TDLR retaining the right to renew for up to three additional one-year periods at its sole discretion, and interim work is preferred for late July or early August with field work to begin no sooner than the third full week in October.

This procurement includes a Historically Underutilized Business (HUB) Subcontracting Plan requirement with a 23.70% HUB utilization goal for professional services contracts, with TDLR providing a separate list of HUB vendors organized by classification and commodity description to assist proposers in identifying potential subcontractors. No current incumbent auditor was identified in the procurement documents, indicating this may be a competitive re-procurement or transition to a new provider. The successful proposer must comply with all applicable state and federal laws, including E-Verify requirements, and submit various statutory certifications related to vendor eligibility and conflict of interest disclosures, and will be subject to background investigations. A performance bond of $25,000 is required within fifteen days of contract execution, and pricing must be firm and fixed throughout the contract life with no reimbursement beyond the agreed amount. While specific budget ranges or award values are not disclosed in the available procurement documents, the scope and requirements suggest a significant contract for professional audit services. Proposers are required to note any exceptions to RFP requirements in their proposals as specified in Section 2.7 of the RFP.