George Mason University Cobblestone #GMU-SS0808-25-05

Award for Internal Audit Co-Sourcing Services to KPMG LLP by George Mason University

George Mason University has awarded a contract for Internal Audit Co-Sourcing Services to KPMG LLP to support its Office of Audit and Compliance. - Government Buyer: - George Mason University - Office of Audit and Compliance - Purchasing Department - OEM/Vendor: - KPMG LLP (sole vendor and service provider) - Services Requested: - Internal audit co-sourcing services - Includes internal auditing in higher education, IT auditing, research compliance auditing, fraud investigations, and advanced AI/data analytics capabilities - Staff levels covered: Partner/Managing Director, Director/Sr. Manager, Manager, Senior Associate, Associate - Pricing based on hourly rates with volume-based discounts for hours exceeding 3,500 and 7,500 annually - Unique/Notable Requirements: - Scope of work can be modified via approved Statements of Work (SOWs) - Emphasis on data security, confidentiality, and compliance with relevant laws - Volume-based discounts applied automatically - Cost-of-living adjustments capped at 4% annually for renewals beyond the first - Period of Performance: - Initial term of three years with four one-year renewal options, for a potential total duration of up to seven years

Description

This contract is for Internal Audit Co-Sourcing Services to be provided to George Mason University by KPMG, LLP. The scope includes providing internal audit co-sourcing services as set forth in the contract documents, with the possibility of modifying the scope through approved Statements of Work. The contract term is three years from the effective date with four successive one-year renewal options. Pricing includes specified hourly rates for various staff levels and volume-based discounts based on hours billed.

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