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Ohio Bureau of Workers’ Compensation·Ohio

BWC-Fiduciary Performance Audit

Closes 2/4/2026$200k – $500kRequest for Proposal
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Description

The State of Ohio, through the Department of Administrative Services, Office of Procurement Services, on behalf of the Ohio Bureau of Workers’ Compensation, is issuing this Request for Proposals (RFP) for a fiduciary performance audit of the investment program of the Ohio Bureau of Workers’ Compensation. The audit must include an assessment of governance, independence, and conflict of interest; investment policies and procedures; investment strategy and execution; controls and safeguards; and preparation of audit reports. The selected contractor will perform the audit in accordance with Ohio Revised Code (R.C.) 4121.125(I). Key aspects of the job include: • Conducting a fiduciary performance audit of the investment program of the Ohio Bureau of Workers’ Compensation • Assessing governance, independence, and conflict of interest • Evaluating investment policies and procedures • Assessing investment strategy and execution • Identifying controls and safeguards • Preparing and delivering audit reports

Attached files

Contact

[email protected]

(877) 644-6771

Key dates

Opened
12/31/2025
Questions due
1/23/2026
Closes
2/4/2026

Last updated

Details

Type
Request for Proposal
Industry
Financial Services
NAICS
541211
Solicitation №
SRC0000033902

Budget estimate

$200,000 – $500,000

The budget for this opportunity is not explicitly stated in the document. However, considering the scope of the project, which involves a fiduciary performance audit of the investment program of the Ohio Bureau of Workers’ Compensation, the budget is likely to be substantial. The audit requires a comprehensive assessment of the investment program, including governance, investment policies, and controls. Given the complexity and the importance of the audit, the budget could range from $200,000 to $500,000, depending on the scope, the expertise of the contractor, and the duration of the contract. This estimate is based on industry standards for similar auditing services.

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