The contract is for audit services for unclaimed property, which includes audit, collection, and voluntary compliance programs. The contract has a term of one year, with the option to renew for an additional year. The vendor is required to provide services at a rate not to exceed 10.5% for audit and collection services, and a flat rate of 9% for voluntary compliance programs. The contract also includes provisions for payment, invoicing, and termination.
• The contract is a change order to the original contract, which was awarded to Specialty Audit Services, LLC.
• The contract includes a provision for the vendor to provide services at a rate not to exceed $100 per hour for other services.
• The contract requires the vendor to submit invoices and reports to the state treasurer's office.
• The contract includes a provision for termination, which can be initiated by either party with written notice.