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

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, Office of the Chief Financial Officer (OCFO), Office of Finance and Treasury (OFT), Office of Contracts - OEMs and Vendors: - Kroll Government Solutions, LLC (primary awardee) - Verus Analytics LLC (also awarded for related services) - Products/Services Requested: - Unclaimed property auditing services, including: - General ledger auditing - Securities auditing - Oversight of contractor-assisted self-audits - Unclaimed property consulting - Collection and delivery of unclaimed property - Preparation of reports and enforcement efforts - Main product line item: "Delivered Unclaimed Property" (Part Number: 01), with an estimated annual value of $1.8 million and a fixed contingency fee of 10.25% - Notable Requirements: - Firm fixed contingency fee contract structure (payments as a percentage of value delivered) - Multi-year contract: three-year base period with two two-year option periods (potentially up to seven years total) - Monthly work-in-progress reporting and compliance with District hiring/reporting mandates - Ability to provide multiple auditors as needed - No physical products; all services are professional/consulting in nature - Estimated total contract value (including modifications and options): $1.4M–$2.2M

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) seek 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 held and owing by companies (Holders) or agents. The contract includes a base period of three years with two two-year option periods. The contract is a requirements contract based on a firm fixed contingency fee, with payments based on a percentage of the cash or market value of unclaimed property delivered to the District.

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