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City of Colorado Springs·Colorado

External Audit Services

Closes 9/3/2026$150k – $800kRequest for Proposal
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Description

The City of Colorado Springs is seeking a qualified public accounting firm to provide comprehensive external audit services, including financial statement audits, component‑unit audits, single‑audit compliance, and related reporting for fiscal years ending 2026‑2031. The contract is a firm‑fixed‑price, base year of one year with up to four optional one‑year extensions, and the work includes detailed deliverables such as audit plans, ACFR preparation, compliance reports, and presentations to the Audit Committee. The solicitation emphasizes adherence to GAAS, Government Auditing Standards, ADA accessibility, and requires the contractor to maintain specific insurance coverage and may involve subcontracting with small disadvantaged firms. • Perform full‑scope external audits of the City’s financial statements and all component‑unit entities. • Conduct single‑audit of federal awards and provide “in‑relation‑to” and transit compliance reports. • Deliver a series of timed reports each year (fieldwork, audit plan, ACFR, opinion letter, etc.) with penalties for late delivery. • Must meet insurance, ADA, and professional qualifications requirements; subcontractors must be disclosed and approved. • Base‑year performance period Dec 1 2026‑Dec 31 2027, with optional extensions through 2031.

Attached files

Contact

Alyssa Lee(Contracting Specialist)

[email protected]

Key dates

Opened
8/6/2026
Questions due
8/20/2026
Pre-bid meeting
8/12/2026
Closes
9/3/2026
Projected award
9/28/2026
Duration
5 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541211
Solicitation №
R26-067AL

Budget estimate

$150,000 – $800,000

Historical city audit fees have ranged from $145,300 to $153,725 per fiscal year. Assuming a similar scope, the base‑year contract is likely around $150,000. With up to four optional one‑year extensions, total contract value could range from $150,000 (single year) to roughly $750,000–$800,000 if all options are exercised. The estimate accounts for labor, travel, overhead, and profit margins typical for CPA firms on municipal audits.

AI estimate from the solicitation

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