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Awarded contract·State Treasurer's Office·West Virginia

Audit Services for Unclaimed Property

Won by Specialty Audit Services, LLC$210kSingle Award
Contract source

Awarded vendors

  • Specialty Audit Services, LLC

Description

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.

Attached files

Key dates

Starts
9/30/2025
Ends
11/30/2026Renews
Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Financial Services
NAICS
541200
Solicitation №
STO230000001B

Contract value

$210,000

Based on the contract description, the estimated value of the contract is difficult to determine, as the contract does not provide a specific dollar amount. However, the contract includes provisions for payment based on a percentage of the amount collected, which suggests that the value of the contract could be significant. Assuming an average annual collection of $1 million, and a payment rate of 10.5%, the estimated annual value of the contract would be $105,000. Over the term of the contract, the total estimated value would be $210,000.

AI estimate from the award documents

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