RFP# 6000001073 - Request for Proposals for Performance of Expert Professional Internal Audit Services as Requested on a “Call-In” Basis During 2023 through 2026 Services (RFP#6000001073) - OPEN

The Port Authority of New York and New Jersey has issued Request for Proposals (RFP#6000001073) seeking expert professional internal audit services on a "call-in" basis for the period of 2023 through 2026. The procurement is designed to retain consulting firms capable of providing full-time internal audit staff who will work under the Authority's Audit Department, conducting comprehensive financial and compliance audits across various facilities including the World Trade Center site, airports, bridges, tunnels, ports, and PATH. Proposing firms must have a minimum of three years of continuous internal audit staffing experience and demonstrate compliance with Institute of Internal Auditors standards. The services will include reviewing construction and consultant contracts, verifying contractor billings, examining business processes, and analyzing third-party accounting records. Evaluation criteria will focus on technical qualifications, staff expertise, firm experience, and management approach, with cost considerations secondary. The proposal submission deadline was originally September 8, 2022, but subsequent addendums have extended proposal acceptance until February 26, 2025, through the Bonfire digital submission platform.

The Port Authority has established specific diversity and inclusion goals for this procurement, requiring 20% participation from Minority-owned Business Enterprises (MBE), 10% from Women-owned Business Enterprises (WBE), and 3% from Service-disabled Veteran-owned Businesses (SDVOB). Proposers must provide comprehensive documentation including company profiles, staff qualifications, and compliance with non-discrimination standards. Insurance requirements are substantial, mandating $2 million in Commercial General Liability, Automobile Liability, and Professional Liability insurance, along with Workers' Compensation coverage. While specific contract value is not explicitly stated, the Authority anticipates utilizing approximately five auditors on a full-time basis, working 40 hours per week, with fully loaded hourly rates covering overhead, benefits, and taxes. The solicitation allows for potential multiple firm selections, providing flexibility in engaging internal audit expertise. Auditors will use Authority devices, follow remote work policies, and be directly supervised by the Audit Department, with potential hybrid work arrangements depending on specific audit requirements.