Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
OCTOBER 16, 2025
Subject
SUBJECT: AUDIT SERVICES BENCH
Action
ACTION: APPROVE RECOMMENDATION
Heading
RECOMMENDATION
Title
AUTHORIZE the Chief Executive Officer to execute Modification No. 1 to Audit Services Bench Contract Nos. PS86611000 through PS86611007 (Attachment C) to exercise the first one-year option in an amount Not-To-Exceed $2,476,605, increasing the cumulative contract value from $7,142,240 to $9,618,845 and extending the period of performance from January 1, 2026 to December 31, 2026.
Issue
ISSUE
In October 2022, the Metro Board approved the establishment of the Audit Services Bench Contracts (Bench) for a combined total amount NTE $12,144,985 for a 3-year base term, plus two one-year options. The Bench provides Management Audit Services (MAS) with consulting and assurance services related to a broad range of audits and reviews, including as-needed staffing augmentation support and specialized audits.
Board authorization is requested to exercise the first one-year option to continue to provide specialized expertise and augmented audit services.
Background
BACKGROUND
The Bench was established to support MAS in conducting a wide range of specialized audits and reviews, including as-needed staff augmentation and subject matter expertise. It provides flexibility in bringing in external resources that supplement staff capabilities, enabling the delivery of the Board-approved audit plan by ensuring timely access to specialized expertise and augmented staffing resources. The initial contracts were structured with a not-to-exceed value and options to ensure continuity of audit services. Further background regarding the initial procurement, as well as the price analysis supporting the recommended option, is included in Attachment A. The requested modification, which is the first and only modification to date, is reflected in Attachment B.
Discussion
DISCUSSION
MAS is required to comply with...
Click here for full text