Audit Services for Unclaimed Property

The contract is for audit services for unclaimed property, with a renewal period of one year. The contract includes provisions for audit services, voluntary compliance programs, and other services. The vendor is Discovery Audit Services, LLC, and the contract is managed by the West Virginia State Treasurer's Office. The key aspects of the contract include the scope of work, pricing, and terms and conditions. • The contract is for a period of one year, with the option to renew for an additional year. • The vendor is responsible for providing audit services, including audit/ collection of property, audit/voluntary compliance program, and audit/other services. • The pricing for the contract is based on a percentage of the amount collected, with a maximum rate of 10.5% for audit/collection of property and a flat rate of 9% for audit/voluntary compliance program. • The contract includes provisions for payment terms, invoicing, and shipping. • The vendor is required to provide a detailed report of the audit services provided, including the amount collected and the rate of collection.