RFP-171-260000001881-1 | Unclaimed Property Audit Services

The State of Michigan’s Department of Treasury (DTMB) is soliciting proposals for Unclaimed Property Audit Services under RFP-171-260000001881-1, with a response deadline of August 6, 2026. The contract, set to take effect on October 1, 2027, and expire on September 30, 2032, may be renewed for up to five additional one-year terms at the State’s discretion. Performance will occur across various locations in Michigan, with all deliverables submitted electronically or sent to the State’s office in Lansing. The scope of work is defined in Schedule A – Statement of Work, requiring contractors to conduct audits in compliance with NAUPA reporting standards, generally accepted auditing standards, and Michigan’s Revenue Act and data privacy laws. Key deliverables include NAUPA-formatted holder reports, digital Valuation Reports for securities, Accessibility Conformance Reports using VPAT® templates, and annual SOC 2 Type 2 audit reports ensuring data security. Contractors must adhere to strict data protection protocols, including completing Form 3337 for confidentiality, reporting security incidents within 24 hours, and safeguarding all Treasury data regardless of format. The evaluation process prioritizes technical capability over price, assigning 60% weight to core deliverables in Schedule A Sections 1–11, 15% to supplementary requirements in Sections 12–19, and 25% to the Vendor Questions Worksheet. Award will be based on best value using a trade-off analysis, meaning the lowest price is not guaranteed selection. Contractors must submit detailed resumes and personnel tables for all Key Personnel, all of whom require State approval before assignment and may not be replaced without prior written consent, except under specific exceptions. Subcontractor use requires full disclosure, and bidders claiming GDBE, MiSC, or disabled veteran-owned status must provide certification documentation. Insurance requirements are outlined in Schedule C, and all proposals must be submitted electronically via the SIGMA VSS portal in native editable formats under 30 MB per file. The State retains audit rights for four years post-contract and may impose financial corrections or terminate immediately for data security failures. Invoicing is electronic, payment is via EFT within 45 days of receipt, and all contractor terms on invoices or click-wrap agreements are expressly void. No formal FAR clauses apply, as this is a state-level procurement governed by Michigan-specific requirements