Unclaimed Property Audit Services

This contract involves providing unclaimed property audit services to assist the Maryland Comptroller's Office in fulfilling its obligations under the Maryland Uniform Disposition of Abandoned Property Act. The primary responsibilities include identifying and conducting compliance audits of current holders and potential holders of unclaimed property, especially those located outside Maryland. The contractors will be tasked with conducting thorough audits to locate unclaimed property owed to individuals with last known addresses in Maryland, and will serve as compliance consultants to ensure proper reporting and remittance of these assets. The contract aims to generate revenue by recovering unclaimed property and ensuring its proper disposition in accordance with state laws. The contract is valued between five million and fifteen million dollars and is targeted at organizations classified under the NAICS code 333924. It is issued by the Maryland Department of the Comptroller, specifically through the Administration and Finance Office. The solicitation was posted on August 22, 2024, with a response deadline of September 12, 2024. The primary point of contact for this project is Krystal White, who can be reached via email. The performance of the contract will be based in Maryland, and it emphasizes conducting audits both within and outside the state to maximize unclaimed property recovery efforts.