Opportunity
George Mason University Cobblestone #GMU-SS0808-25-04
Award for Internal Audit Co-Sourcing Services to Grant Thornton Advisors LLC by George Mason University
Posted
December 15, 2025
Respond By
January 30, 2026
Identifier
GMU-SS0808-25-04
NAICS
541211
George Mason University has awarded a contract for Internal Audit Co-Sourcing Services to Grant Thornton Advisors LLC to support its Office of Audit and Compliance. - Government Buyer: - George Mason University, Office of Audit and Compliance - Strategic Sourcing Manager: Sara Siddall - OEMs and Vendors: - Grant Thornton Advisors LLC (sole vendor and service provider) - Services Requested: - Internal audit co-sourcing services across higher education operations - IT auditing, research compliance auditing, fraud investigations - Advanced AI/data analytics capabilities for audit procedures - Risk-based internal audits, predictive risk modeling, automation, and integration with ERP systems - Hourly rates based on experience level ($215-$515/hour), with volume discounts for fees exceeding $200,000 annually - Unique/Notable Requirements: - Emphasis on data security, confidentiality, and compliance with federal and state laws - No minimum business guaranteed; work executed via Statements of Work - Contract allows for phase-in/phase-out services up to 90 days post-expiration - Attest services (opinions on financial data/internal controls) excluded from scope - Pricing rates held firm for initial three-year term, with minimal increases possible after - Cooperative procurement permitted for other Virginia public bodies
Description
This contract is for internal audit co-sourcing services provided by Grant Thornton LLP to George Mason University. The scope includes internal audit services as detailed in contract documents, with work executed through Statements of Work (SOW) for each project. The contract term is three years starting August 1, 2026, with four one-year renewal options. Pricing is fixed for the initial term and includes various hourly rates based on experience and specialty. The contract allows termination of individual SOWs without terminating the entire contract.