Professional Auditing Services

The City of Peoria, Arizona, has awarded a contract to Heinfeld, Meech & Co., P.C. for professional auditing services. The contract is for a period of one year, with the option to renew for four additional years. The scope of work includes auditing the City's financial statements, performing a Single Audit, and providing other related services. The contract has a total value of $642,300. The City reserves the right to request additional services, which will be performed at the same rates as specified in the contract. • The contract includes provisions for payment, with progress payments to be made based on hours of work completed and out-of-pocket expenses incurred. • The contract also includes provisions for termination, with the City reserving the right to cancel the contract if the vendor fails to perform its obligations. • The vendor is required to indemnify the City against any claims or damages arising from its performance under the contract. • The contract is governed by the laws of the State of Arizona, and any disputes arising from the contract will be resolved through arbitration. • The City has the right to audit the vendor's records and accounts to ensure compliance with the contract. • The vendor is required to provide a written report to the City upon completion of the audit, which will include a summary of the audit findings and recommendations.