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

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

This award summary covers the District of Columbia's contract for unclaimed property auditing and consulting services: - Government Buyer: - District of Columbia Government, Office of the Chief Financial Officer (OCFO), Office of Finance and Treasury (OFT), Office of Contracts - Awarded Vendor: - EECS LLC (only vendor and service provider mentioned) - 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 from holders or agents - Primary product line item: Delivery of unclaimed property to the District (estimated $300,000 value annually) - Notable Requirements: - Contract is a requirements contract with a firm fixed contingency fee (10.5% of value delivered) - Contractor must provide monthly work-in-progress and compliance reports - Use of proprietary technology for audit analysis by EECS LLC - Compliance with District COVID-19 safety mandates for in-person work - Contract Structure: - Base period of three years, with two two-year option periods - Estimated contract value: $94,500 for base period, $63,000 per option period, with total value driven by contingency fee on recovered property - No OEMs or physical products are referenced; the procurement is for professional services only

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 utilization of one or more auditors for general ledger auditing, securities auditing, oversight of contractor-assisted self audits, unclaimed property consulting services, collection, and delivery of unclaimed property as it relates to unclaimed property held and owing by companies (Holders) or agents. The contract includes a base period of three years with two two-year option periods. The contractor will be paid a firm fixed contingency fee based on the cash value or market value of the unclaimed property delivered to the District.

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