Financial Audit Services

The City of Torrington is seeking proposals from qualified, Connecticut-licensed independent public accountants to perform comprehensive financial audits for three consecutive fiscal years ending June 30, 2026, 2027, and 2028. The solicitation emphasizes that the city retains broad discretion in awarding the contract, including the right to reject any or all bids and to award based on factors other than solely the lowest price, with the goal of best serving the public interest. Proposals are due by October 23, 2025, at 11:00 AM, with questions accepted until October 9, 2025, at noon. Submission must be in hard copy; faxed or emailed proposals are not permitted, and bids cannot be withdrawn for 90 days post-submission. The contract is valued between $100,000 and $300,000, with payment terms of net 30 days and FOB destination delivery. The procurement is governed by local municipal policies and Connecticut state law, with no federal FAR clauses incorporated. The process encourages participation from Minority Business Enterprises, Women Business Enterprises, and Small Business Enterprises, reflecting the city's commitment to affirmative action and equal opportunity. The scope of work involves delivering annual audit reports in accordance with applicable standards, with the primary contact being Pennie Zucco at the city’s office. The contract does not specify detailed evaluation criteria, technical standards, or additional contractual clauses beyond general procurement conditions. There are no attachments, supporting documents, or specific packaging, labeling, or inspection requirements noted, as the work involves professional services rather than tangible goods. Overall, the process emphasizes qualifications, public interest considerations, and adherence to local procurement rules, with the city reserving full discretion in the award decision.