Metro - File #: 2022-0641

• File #: 2022-0641
• Type: Contract
• Status: Consent Calendar
• File created: 9/8/2022
• In control: Board of Directors - Regular Board Meeting
• On agenda: 10/27/2022
• Title: AUTHORIZE the Chief Executive Officer to: A. AWARD eight (8) task order-based bench Contract Nos. PS86611000 through PS86611007, for Audit Support Services to the firms listed below, for a total not-to-exceed amount of $7,142,240 for the initial three-year base term, plus $2,476,605 for the first, one-year option and $2,526,140 for the second, one-year option for a total not-to-exceed cumulative amount of $12,144,985, effective January 1, 2023, subject to resolution of protest(s), if any; and Discipline 1: Staff Augmentation 1. BCA Watson Rice, LLP 2. Qiu Accountancy Corporation 3. Simpson and Simpson, LLP 4. TAP Financials, LLP 5. The Lopez Group, LLP Discipline 2: Subject Matter Expertise 1. BCA Watson Rice, LLP 2. Qiu Accountancy Corporation 3. Simpson and Simpson, LLP 4. Talson Solutions, LLC 5. TAP International, Inc. 6. The Lopez Group, LLP 7. Vasquez & Company, LLP B. EXECUTE or DELEGATE the execution of Task Orders under these contracts within the approved not-to-exceed ...
• Sponsors: Finance, Budget and Audit Committee
• Indexes: Audit, Budgeting, Contracts, Evaluation and assessment, Financial Audit, General Overhead (Project), Procurement

Date	Action By	Action	Result
10/27/2022	Board of Directors - Regular Board Meeting
10/19/2022	Finance, Budget and Audit Committee

Meeting_Body
FINANCE, BUDGET, AND AUDIT COMMITTEE
OCTOBER 19, 2022

Subject
SUBJECT: AUDIT SERVICES BENCH

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION
Title
AUTHORIZE the Chief Executive Officer to:

A. AWARD eight (8) task order-based bench Contract Nos. PS86611000 through PS86611007, for Audit Support Services to the firms listed below, for a total not-to-exceed amount of $7,142,240 for the initial three-year base term, plus $2,476,605 for the first, one-year option and $2,526,140 for the second, one-year option for a total not-to-exceed cumulative amount of $12,144,985, effective January 1, 2023, subject to resolution of protest(s), if any; and

Discipline 1: Staff Augmentation

1. BCA Watson Rice, LLP
2. Qiu Accountancy Corporation
3. Simpson and Simpson, LLP
4. TAP Financials, LLP
5. The Lopez Group, LLP

Discipline 2: Subject Matter Expertise

1. BCA Watson Rice, LLP
2. Qiu Accountancy Corporation
3. Simpson and Simpson, LLP
4. Talson Solutions, LLC
5. TAP International, Inc.
6. The Lopez Group, LLP
7. Vasquez & Company, LLP

B. EXECUTE or DELEGATE the execution of Task Orders under these contracts within the approved not-to-exceed cumulative value of $12,144,985.

Issue
ISSUE

Management Audit Services Department (Management Audit) has a recurring need for consulting and assurance services provided by certified public accounting (CPA) firms and other specialty firms. They provide consulting services relating to a broad range of audits and reviews, including: complete the Board approved annual audit plan, assist with management requested assignments, support fluctuating workload requirements, and conduct large and/or complex audits. The multiple award agreement (bench) is necessary for two primary reasons: to provide specialized expertise and to augment staff.

Staff recommends awarding contracts to eight (8) firms to serve this bench contract under two disciplines: Staff Augmentation and Subject Matter Expertise. These servi...