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Audit & Financial Record Retention Services

Active
State & Local

Contract Overview

Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.

AI Contract Overview

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The contract focuses on the retention and maintenance of financial and operational records for a duration of up to five years, ensuring compliance with regulatory requirements. It specifically emphasizes the necessity of supporting audit rights held by the State of Illinois, particularly in circumstances involving federal funding. This ensures transparency and accountability in the use of funds and adherence to proper financial management practices. The services are provided under a subcontract arrangement within the NAICS code 541211, which relates to accounting and bookkeeping services. The work will be performed in Chicago, Illinois, with oversight from the Asset Management agency. Although certain details like solicitation number and points of contact are not specified, the contract is set out with clear objectives and lays a foundation for thorough financial recordkeeping and audit support related to state and federal financial oversight.

General Info

Retention and maintenance of financial records for five years supporting Illinois audit rights under subcontract.

Agency

Illinois → Asset ManagementView Agency

NAICS

541211 - Offices of Certified Public AccountantsView NAICS

Place of Performance

Chicago, IL, 60601, USA

Set-Aside

NONE

Documents

This scope was carved out of 26-551HDA-ASSET-B-50562.

The full solicitation package (2 documents), including the RFP, is on the prime solicitation, not on this scope.

View the prime solicitation

26-551HDA-ASSET-B-50562 | Video Production Services - Small Purchase

AI Contract Breakdown

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Timeline

Posted

subcontract

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Organization & Contact Information

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AgencyIllinois → Asset Management
ContactsNo contacts available
OfficeN/A
Organization / Agency
Illinois → Asset Management
View Agency Profile
Office AddressN/A
ContactsNo contact information available

Full Description

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Maintain financial and operational records for up to 5 years and support audit rights by the State, particularly when federal funds are involved.

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Same NAICS industry code

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NAICS: 721110
SLED
26-551HDA-ASSET-B-51087 | Hotel Room Block for Asset Management Owner and Agent Training
Solicitation # 26-551HDA-ASSET-B-51087
Solicitation 26-551HDA-ASSET-B-51087 is issued by the Illinois Asset Management agency for a hotel room block to support Asset Management Owner and Agent Training in Chicago, Illinois. Posted on February 10, 2026, under NAICS code 721110, the procurement is managed by Sophia Pastore. While specific pricing and the detailed statement of work are not provided in the available documentation, the contract is governed by the State of Illinois standard terms and conditions, including adherence to the State Prompt Payment Act for invoicing and payment. The agreement mandates strict compliance with Illinois state laws, including equal opportunity requirements under 44 ILL. ADM. CODE 750 and the prohibition of contracts with expatriated entities. The vendor must maintain comprehensive insurance coverage, including one million dollars per occurrence for general commercial and auto liability, and provide worker's compensation as required by law. Additionally, the vendor is required to pay prevailing wages where applicable, indemnify the state against liabilities arising from negligent performance, and ensure all work produced is treated as work for hire with sole ownership granted to the State of Illinois. The state reserves the right to conduct background checks on vendor personnel and may terminate the contract for convenience with thirty days prior written notice.
Hotels (except Casino Hotels) and Motels

POSTED

7 months ago

DEADLINE

N/A
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