MPA-503 Internal & Performance Auditing/Financial Statement Analysis Services

The State of Rhode Island, through the Office of Internal Audit and the Division of Purchases, is soliciting proposals from qualified certified public accounting firms to provide internal and performance auditing and financial statement analysis services. This Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract, identified as solicitation OET25005087, is expected to commence around March 1, 2025, with a base performance period ending December 31, 2028. The state maintains the option to extend the agreement for up to three additional 12-month renewal periods based on funding and performance. Proposals must be submitted electronically via the Ocean State Procures portal and include a technical proposal, a vendor certification questionnaire, and an MBE participation acknowledgment form. Evaluation will be conducted by a Technical Evaluation Committee, with the state reserving the right to award based on the lowest price technically acceptable or the most qualified offeror. Key requirements include specific insurance coverage thresholds, ranging from 5 million to 20 million dollars depending on the risk level and access to confidential information, as well as compliance with Rhode Island state laws and affirmative action obligations for larger firms. Payments are processed through the state financial system, subject to a 1 percent contract administrative fee.