Personal Property Audits

The City of Norwalk in Fairfield County, Connecticut, is seeking proposals from qualified audit firms to conduct comprehensive personal property audits for the Grand List of October 1, 2025. This Request for Proposals (RFP) targets qualified firms with expertise in Corporate Accounting Systems to perform detailed audits of tangible personal property within the city. The project involves a pilot program of fifty (50) audits, with potential expansion to approximately forty (40) audits annually for four additional years. The audit will focus on non-residential property including furniture, fixtures, machinery, equipment, and leasehold improvements, explicitly excluding manufacturers' inventories, resale inventories, EDP software, registered motor vehicles, and boats. Proposals will be evaluated based on qualifications, experience, references, overall proposal impression, and cost, with the electronic submission deadline set for December 2, 2025, at 2:00 PM. The city intends to award the contract to two qualified firms, with the initial contract spanning one year and the option of four one-year extensions.

No specific set-aside designations or restrictions for disadvantaged enterprises were explicitly mentioned in the documentation. The proposed contract has a flexible structure allowing for potential multi-year engagement, with firms required to provide a comprehensive lump-sum cost proposal for the pilot year and optional subsequent years. While specific budget ranges were not disclosed, the city reserves the right to select the most suitable firm based on comprehensive evaluation criteria, not necessarily choosing the lowest-priced bidder. The procurement process does not indicate any incumbent vendors or require specific technology integration. Interested firms must demonstrate thorough understanding of personal property valuation under state statute and provide detailed qualifications showcasing their capability to conduct comprehensive property audits for the City of Norwalk.