Massachusetts COMMBUYS #BD-27-1088-RGT01-RGT01-134463

Independent financial assessment and risk-monitoring advisory services for Massachusetts higher-education institutions

The Massachusetts Department of Higher Education seeks independent financial analysis and advisory support for its Financial Assessment and Risk Monitoring program. - Government buyer: Commonwealth of Massachusetts, Massachusetts Department of Higher Education; Office of Student Financial Assistance is identified in the RFQ cover sheet. The work concerns independent higher-education institutions in Massachusetts. - Requested services: - Assess high-risk institutions by reviewing available materials and evaluating their financial condition. - Provide written evaluations of whether institutions can sustain operations for 18 months and maintain reserves sufficient to support an acceptable teach-out plan. - Provide ongoing, as-needed consultation and other support, with service descriptions and estimated billable hours. - Review FARM screening methods and risk-mitigation or closure plans, as applicable. - The scope covers general accounting and general audit and compliance support. No products, product quantities, or part numbers are specified. - The estimated project cap is $200,000, with pricing based on approved hourly rates. - No OEMs, vendors, or specific consulting firms are named in the opportunity.

Description

The Department of Higher Education seeks a qualified, independent external auditor or financial consulting firm to provide supplemental financial assessment and advisory support. Services are needed at various times throughout the Department’s Financial Assessment and Risk Monitoring regulatory cycles, defined in 610 CMR 13.00 et seq. The solicitation lists general accounting and general audit service categories. The bid opening deadline is October 28, 2026, at 5:00 PM.

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