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Audit Services
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Request Date: 3/20/2024 6:09:46 AM
Open Date:
Closing Date: 5/7/2024 4:30 PM
Intent To Bid Deadline:
Est. Dollar Value: $0.00
RFQ Number:
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Town of Strafford
227 Justin Morrill Highway
P.O.
Strafford,
VT
05072
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Bid Type:
Request for Proposal
Locations:
Orange
Keywords:
Auditing Services
Bid Description:
The Town of Strafford, Vermont, is requesting proposals from qualified firms of Certified Public Accountants to audit its financial statements for the calendar year ending December 31, 2023, with the option of auditing its financial statements for each of the two subsequent calendar years.
Proposals are to be submitted as an email attachment by 4:30 pm on Tuesday, May 7th 2024, as a single PDF titled Strafford Audit Proposal to:
Lisa Bragg
Town Clerk and Town Treasurer
townclerk@straffordvt.org
Special Instructions:
Interested firms shall submit their proposal separated into two sections: the technical proposal and the cost proposal.
The purpose of the technical proposal is to demonstrate the qualifications, competence and capacity of the firms seeking to undertake the audit of the Town of Strafford. The technical proposal should demonstrate the qualifications of the firm and of the particular staff to be assigned to this engagement. It should also specify an audit approach that will meet the request for proposals. The technical proposal shall provide the necessary information in the following sequence:
• Background of the firm. The proposer should state the size of the firm, the size of the firm’s governmental auditing staff, and the number and nature of the professional staff to be employed in this engagement. The firm is also required to submit a copy of the report on its most recent quality control review, along with a statement of whether that quality control review included a review of specific government engagements.
• Partner, supervisory and staff qualifications and experience. The proposer should identify the principal supervisory staff who would be assigned to the engagement and describe their government auditing experience.
• Similar engagements with other government entities. The proposal shall describe at a minimum three of the most significant engagements performed in the last five years that are similar to the engagements described in this request for proposals. Indicate the scope of the work and the name and telephone number of the client contact.
• Specific audit approach. The proposal should set forth a plan of implementation, including an explanation of the audit methodology to be followed. The work plan should include a description of tasks, estimates of work effort, and time budgets.
The cost proposal should be structured as follows:
• The total all-inclusive maximum price for the engagement for the year ending December 31, 2023, and for each of the two subsequent engagement years for which the Town has the option of continuing in this contract.
• Breakdown of costs by year including a breakdown of the cost for an audit and a single audit separately.
• Out-of-pocket expenses are included in the total all-inclusive maximum price and reimbursement rates.
• Progress payments will be made in two installments at the mid-point and after the final product is completed and delivered.
EVALUATION CRITERIA
The audit firm will be selected based on two criteria: technical qualifications and price. The technical qualifications will compare each proposer’s expertise and experience in providing quality audit services to government entities and the quality of the firm’s principal supervisory staff who would be responsible for conducting the audit. The approach of the audit and the plan for implementation will also be scrutinized. Cost will not be the primary factor in the selection of the audit firm.
SUBMISSION REQUIREMENTS
• Proposals will be accepted by email as a single PDF with the subject line: AUDIT SERVICES.
• Proposals will be addressed to Lisa Bragg, Town Clerk, at townclerk@straffordvt.org
• DEADLINE: Tuesday, May 7th, 2024, by 4:30 PM.
• Proposals should be clear and concise with a 3-page limit on the Technical Proposal.
• The page limit does not include the Cost Proposal, Client References, or Resumes/CVs. These should be included as attachments.
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