Request for Proposals- Audit Services for the Housing Authority of Covington's Housing Choice Voucher Program.

The Housing Authority of Covington (HAC) in Hart County, Kentucky is issuing a Request for Proposals (RFP) to procure audit services for its Housing Choice Voucher (HCV) Program from qualified, licensed Independent Public Accounting (IPA) firms. The procurement seeks comprehensive independent audits of the HCV program's annual financial statements, internal control systems, and compliance with applicable federal regulations and laws. Qualified proposers must demonstrate substantial experience with HUD programs, Public Housing Authorities, and Housing Choice Voucher audits, hold current CPA licenses, and comply with all federal labor standards and civil rights requirements. The audit services must adhere to Generally Accepted Auditing Standards (GAAS), Generally Accepted Government Auditing Standards (GAGAS), Title 2 U.S. Code of Federal Regulations Part 200 (Uniform Guidance), HUD requirements, and the Consolidated Audit Guide for Audits of HUD Programs. The contract is structured as a firm fixed-price agreement for an initial one-year term from July 1, 2025 to June 30, 2026, with HAC holding sole discretion to extend for up to four additional one-year terms through June 30, 2030. Proposals must include itemized firm fixed costs for each fiscal year audit with detailed breakdowns by staff level (partner, senior manager, semi-senior, and junior). The RFP was issued on May 11, 2026, with proposals due by 2:00 p.m. on Wednesday, June 3, 2026, submitted electronically through the Bonfire e-Procurement portal, and questions must be submitted by 11:00 a.m. on May 20, 2026. Evaluation criteria consist of audit firm information and qualifications (10 points), project-specific staffing and qualifications (10 points), management plan and audit approach (15 points), competitive differentiators (10 points), professional references (10 points), required certifications (10 points), and pricing evaluation (35 points), with proposals evaluated on a best-value basis.

No specific set-aside designations or restrictions on organizational types are detailed in the procurement documents, though all contractors must comply with Section 3 provisions and federal civil rights requirements. The successful contractor must carry professional liability insurance of at least $500,000 and commercial general liability insurance of at least $500,000. No incumbent vendors or current contractors are identified in the available documentation. Payments will be made within 30 calendar days of invoice receipt following completion and acceptance of work, with no advance payments permitted. The contract is funded through HUD Housing Choice Voucher Program assistance, with the program currently managing 943 vouchers (including 123 project-based vouchers) with annual revenue of approximately $10.34 million and expenditures of approximately $8.95 million as of March 31, 2026, indicating the scope and scale of the audit services required.