George Mason University Cobblestone #GMU-SS0808-25-03

Internal Audit Co-Sourcing Services Awarded to Deloitte & Touche LLP for George Mason University

George Mason University has awarded a contract for Internal Audit Co-Sourcing Services to Deloitte & Touche LLP, supporting its Office of Audit and Compliance. - Government Buyer: - George Mason University, Office of Audit and Compliance - OEMs and Vendors: - Deloitte & Touche LLP (awarded vendor) - Services Requested: - Internal audit co-sourcing services, including: - Higher education internal auditing - IT auditing - Research compliance auditing - Fraud investigations - Advanced AI/data analytics capabilities - Knowledge transfer and transition support (200 hours at no charge) - Hourly rates based on experience level and specialty (IT and non-IT), ranging from $158 to $425 per hour - Unique/Notable Requirements: - Volume-based discounts: 4% for full annual portfolio, 1% for five or more engagements (excluding Title IX audits) - Data security, confidentiality, and compliance with relevant laws emphasized - All Statements of Work (SOWs) must use university-approved forms - No minimum business guaranteed; university may terminate SOWs for convenience - Pricing escalation capped at 2% or CPI-U services category increase, whichever is lower - Transition support included - Contract Term: - Three-year base contract with four one-year renewal options (up to seven years total)

Description

This contract is for Internal Audit Co-Sourcing Services to be provided by Deloitte & Touché LLP for George Mason University. 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 with four successive one-year renewal options. The contract does not guarantee a minimum amount of business and includes specific pricing schedules and discount terms based on the volume of engagements awarded.

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