Torrance Planet bids #143149

City of Torrance Solicits Sales and Property Tax Consulting Services

The City of Torrance Finance Department is seeking qualified vendors to provide Sales and Property Tax Consulting Services for a five-year term. - Government Buyer: - City of Torrance, Finance Department - Vendors Mentioned: - Ernst & Young - Floral Park Consulting LLC - GovGuide - GSA Contract Services LLC - HdL Coren & Cone - Hinderliter de Llamas & Associates (HdL Companies) - The Pun Group LLP - Turner, Warren, Hwang & Conrad AC - Products/Services Requested: - Sales Tax Consulting Services - Revenue audit and recovery - Revenue forecasting and budget support - Monitoring and reporting - Economic development and business intelligence - Transactions and use tax administration support - Legislative and regulatory monitoring - Ad hoc analysis and special projects - Property Tax Consulting Services - Revenue audit and verification - Assessed valuation monitoring and analysis - Revenue forecasting and budget support - Redevelopment successor agency and RPTTF monitoring - Property tax in-lieu of VLF monitoring - New development and tax base expansion tracking - Legislative and regulatory monitoring - Reporting and data access - Ad hoc analysis and special projects - Notable Requirements: - Vendors must have at least five years of relevant experience - Secure, web-based data platforms for City staff access - Electronic bid submission - Certificates of insurance naming the City and related entities as additional insured - Proof of City of Torrance business license if applicable - Award criteria include relevant experience, technical approach, cost-effectiveness, and past performance

Description

The City of Torrance is seeking qualified firms to provide professional consulting and analysis services for sales and property tax. The services aim to maximize lawful sales tax revenues, ensure accurate reporting, identify economic development opportunities, and support the City's budget and financial forecasting. The scope includes analysis of sales tax allocations and property tax revenues under California law. The contract period is from August 1, 2026, to July 31, 2031, with electronic bid submission required by July 10, 2026.

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