Performance Audit of the North Dakota Development Fund, Inc

The contract involves conducting a comprehensive performance audit of the North Dakota Development Fund, Inc. for the period from July 1, 2019, through June 30, 2024, with the goal of evaluating operational effectiveness, compliance, and overall performance. The work is overseen by the North Dakota Office of the Auditor, with key deliverables including an entrance conference, monthly status reports, a draft audit report by late May 2026, and a final report and presentation by August 1, 2026. The contract emphasizes adherence to government auditing standards, requires the contractor to develop a detailed project schedule, and mandates collaboration with the State Auditor’s Office and the Fund. The performance period may be extended by up to six months, and the contractor must coordinate closely with state officials to ensure timely completion. Financially, the contract is structured as a firm fixed-price arrangement with a total value estimated between 500,000 and 1,500,000 dollars. The cost proposal must be detailed by labor categories such as partners, managers, specialists, staff, and clerical personnel, including hourly rates and total costs, along with travel and other direct costs. Payments are made based on approved progress reports and invoices, with no advance payments permitted. The solicitation process requires separate electronic submissions of technical and cost proposals via the State Procurement Online system, with strict file size and format restrictions. The contract is governed primarily by North Dakota state statutes, administrative rules, and custom terms, with no explicit federal FAR clauses incorporated. It includes provisions for contract modifications, confidentiality, conflict of interest disclosures, and compliance with licensing and licensing requirements, but does not specify any federal socioeconomic certifications or set-aside designations. Overall, the agreement emphasizes transparency, accountability, and adherence to professional standards in conducting the audit.