New York State Contract Reporter #2138799

BPCA Seeks Pre-Qualified Panel of Accounting Firms for Rent Revenue Audit Services

This opportunity is for accounting firms to join a pre-qualified panel providing rent revenue audit services to the Hugh L. Carey Battery Park City Authority (BPCA), a New York State public benefit corporation. - Government Buyer: - Hugh L. Carey Battery Park City Authority (BPCA) - Procurement office, New York, NY - Scope of Services: - Rent revenue audit services delivered on an as-needed basis - Audit categories include: - Performance Rent - Effective Gross Income (EGI) - Qualified Capital Improvement (QCI) - Quasi-Rent Stabilized Credit (QRS) - Refinance Fee - Transaction Fee - Cash vs. Accrual - IFRS vs. GAAP - Condo Deficiency - Services involve reviewing leases, financial statements, revenue schedules, cash receipt and deposit registers, trial balances, and reconciling performance-based rent with invoices and statements - Unique Requirements: - Firms must have at least five years of relevant audit experience and expertise in U.S. GAAP and IFRS - Participation from New York State-certified Minority-Owned, Women-Owned, and Service-Disabled Veteran-Owned Business Enterprises is strongly encouraged, with specific participation goals - Firms may qualify for one or more audit categories - No specific OEMs or product vendors are named; the opportunity is open to qualified accounting firms

Description

Battery Park City Authority d/b/a Hugh L. Carey Battery Park City Authority (BPCA) requests proposals from accounting firms for inclusion on a pre-qualified panel to provide various rent revenue audit services including Performance Rent, Effective Gross Income (EGI), Qualified Capital Improvement (QCI), Quasi-Rent Stabilized Credit (QRS), Refinance Fee, Transaction Fee, Cash vs. Accrual, IFRS vs. GAAP, and Condo Deficiency Audit Services. The panel will provide these services on an as-needed basis throughout the contract term. Services include reviewing leases, financial statements, revenue schedules, cash receipt registers, deposit registers, trial balances, and detailed schedules supporting performance-based rent, reconciling invoices and statements, and comparing payments to cash receipts and other financial records. Proposers may seek qualification for one or more audit service categories and must identify their relevant experience and expertise.

View original listing