Audit Services

Texas Tech University System is soliciting non-exclusive master contracts with qualified public accounting and management advisory firms to provide independent audit and advisory services across its institutions, with a focus on public higher education, healthcare administration, not-for-profit foundations, cybersecurity, information technology, and emerging internal audit issues. The solicitation, numbered 2026-1189 and posted on May 18, 2026, with responses due by June 26, 2026, is open to firms with demonstrated expertise in adhering to Government Auditing Standards (Yellow Book), GASB and FASB financial reporting requirements, and Texas state procurement laws. The evaluation process is based on best value rather than lowest price, weighing demonstrated ability to meet TTUS audit objectives at 40%, firm qualifications and key personnel experience at 30%, risk-based audit methodology and use of data analytics at 15%, capacity and responsiveness at 10%, and value-added services such as cyber risk advisory and process innovation at 5%. Firms must provide resumes of key personnel, demonstrate financial stability and continuity of staff, and show prior experience working with Texas public universities. The contract term is up to four years with the potential for four one-year renewals, and performance is expected across TTUS campuses primarily in Texas, with administrative oversight coordinated through Lubbock. All submissions must be made electronically via the TechBid portal, and proposals must be clearly structured to address each evaluation factor. Contractors are required to provide performance and payment bonds upon award, and all submitted information becomes binding upon contract execution. Confidentiality of proprietary data is mandatory, requiring clear labeling as privileged and confidential. The contract is non-exclusive, allowing TTUS to engage multiple firms simultaneously. Invoices must be submitted electronically to TTUS Payment Strategies, and compliance with Texas state funding oversight and PaymentWorks registration is required. No specific contract value is specified, and while socioeconomic or small business certifications are not mandated, participation by Historically Underutilized Businesses is encouraged.