District of Columbia Cobblestone Systems #CFOPD-20-C-010H

Award for Unclaimed Property Auditing and Consulting Services for the District of Columbia

This award summary covers the District of Columbia's selection of Verus Analytics LLC for unclaimed property auditing and consulting services: - Government Buyer: - District of Columbia, Office of the Chief Financial Officer (OCFO), Office of Contracts - OEMs and Vendors: - Verus Analytics LLC (awardee) - Products/Services Requested: - Unclaimed property auditing and consulting services, including: - General ledger auditing - Securities auditing - Oversight of contractor-assisted self-audits - Unclaimed property consulting - Collection and delivery of unclaimed property held by companies or agents - Services are provided under a contingency fee model (9% of cash or market value of property delivered) - Notable Requirements: - Contract is firm fixed contingency fee type with a not-to-exceed ceiling for the base period - Key personnel and subcontracting requirements, including a 51% District resident hiring requirement - Multi-year contract structure: three-year base period plus two two-year option periods - Estimated contract value up to $630,000 over the full term - Services focus on maximizing recovery and compliance for unclaimed property owed to the District

Description

The Office of the Chief Financial Officer (OCFO) for the District of Columbia and the Office of Contracts on behalf of the Office of Finance and Treasury (OFT) seeks a contractor to provide auditors for general ledger auditing, securities auditing, oversight of contractor-assisted self-audits, unclaimed property consulting services, and collection and delivery of unclaimed property related to unclaimed property held and owing by companies or agents.

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