This Solicitation opportunity from Massachusetts was posted on October 14, 2026. The submission period has ended. Browse the details below for market research, or find similar active opportunities.
PRF78 RFQ: Financial Assessment and Risk Monitoring (FARM) advisory support services
Contract Overview
Solicitation details, issuing organization, response deadlines, documents, and interested companies for this government contract opportunity.
AI Contract Overview
The Massachusetts Department of Higher Education is seeking a qualified independent external auditor or financial consulting firm to provide supplemental financial assessment and advisory support services. This engagement focuses on the Department's Financial Assessment and Risk Monitoring regulatory cycles, specifically utilizing a twelve-factor methodology to evaluate enrollment, market viability, cash sufficiency, liquidity, and wealth. The primary objectives include performing financial analyses of high-risk institutions to determine their ability to sustain operations for 18 months and maintain reserves for teach-out plans, as well as providing ongoing hourly consultation and support. The contract has an estimated maximum obligation of 200,000 dollars, with a performance period beginning approximately November 2, 2026, and extending through December 31, 2027. Award selection is based on best value, evaluating the bidder's qualifications, the quality of the work plan, and the cost of services. A mandatory Supplier Diversity Plan commitment of at least 1 percent is required for award consideration. Payments are processed via Electronic Funds Transfer through the Comptroller's system, typically within 45 days of invoice receipt. The selected contractor must adhere to strict confidentiality requirements and comply with Massachusetts personal data laws and enterprise information security standards.
General Info
NAICS
Place of Performance
Boston, MA, 02108, USASet-Aside
Timeline
Submission Closed
Organization & Contact Information
Full Description
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