Personal Property Tax Audit

The Town of Bloomfield, Connecticut, a jurisdiction within Hartford County, is soliciting proposals from certified public accounting firms or auditing firms to provide personal property tax audit services through Request for Proposal (RFP) 1163. The procurement seeks to audit the Town's business personal property taxpayers as authorized by Connecticut General Statutes, with the objective of verifying the accuracy of reported information contained within Personal Property Declarations for a select number of accounts among approximately 1,573 businesses with a total gross assessed valuation of $605,675,200. Key deliverables include conducting site visits, performing detailed audits of taxpayer records, analyzing financial documentation including federal and state income tax returns and fixed asset records, reviewing leased equipment and leasehold improvements, preparing individual account reports, and delivering a comprehensive final report summarizing audit results; the selected firm may also be required to participate in administrative or judicial hearings and discussions with taxpayers regarding valuation disputes. The audit engagement is anticipated to span a three-year term with interim reporting and completion dates to be established by mutual agreement between the selected firm and the Town Assessor, commencing upon contract execution. Required qualifications include employment of certified public accountants with a minimum of five years of public auditing experience or three years performing municipal personal property tax audits in Connecticut, as well as full-time staff with the IAAO Personal Property Specialist (PPS) designation; firms must also provide evidence of completing a minimum of ten projects in Connecticut of similar size and scope based on revenue share arrangements. Sealed proposals must be received by the Town of Bloomfield Purchasing Department by 1:00 PM EST on Thursday, December 18, 2025, with vendor questions accepted through 4:00 PM EST on Monday, December 8, 2025. The selected firm shall maintain comprehensive insurance coverage including general liability ($1,000,000 per occurrence, $2,000,000 aggregate), professional liability ($5,000,000 per claim/aggregate), and an umbrella policy ($5,000,000 per occurrence), with the Town named as additional insured.

This procurement contains no specific set-aside designations or restrictions on the types of organizations that can respond; all vendors are eligible to participate. No incumbent vendors or current contractors are identified in the available solicitation documentation. The pricing structure must be based upon a revenue share-based percentage amount of tax collection, including taxes, interest, and penalties derived from audit results, with an estimated total contract value not specified in the solicitation documents. The contract includes liquidated damages provisions of no less than $500 per day for failure to meet stated timeframes, and the Town reserves the right to terminate the agreement at any time. Payment terms are established at Net 30 Days with Free On Board Destination delivery terms. All data collected and documentation produced under the contract becomes the exclusive property of the Town of Bloomfield. Inquiries should be directed to Joseph Muraca, Town of Bloomfield, 800 Bloomfield Ave, Bloomfield, CT 06002, or via email at JMuraca@BloomfieldCT.gov, with complete RFP details available on the Town of Bloomfield's website at https://www.BloomfieldCT.gov and the State of Connecticut Department of Administrative Services CTSource BidBoard at https://portal.ct.gov/DAS/CTSource/BidBoard.