NOTICE OF BID OPPORTUNITY
Competitive Solicitation RFQQ 2024 0104 – Tolling Auditing Services
COMPETITIVE SOLICITATION POSTING: 01/04/2024
DEADLINE FOR SUBMITTING BIDS: 02/16/2024
Find the full solicitation on Washington’s Electronic Business Solution (WEBS). Vendors not registered in WEBS will not receive updates or amendments to the solicitation, which could disadvantage your bid.
Pre-bid conference: January 17, 2024 @ 1:00 PM, PST
Attend via TEAMS Video Conference
Meeting information: Click here to join the meeting
Meeting ID: 295 157 580 050 Passcode: yKDZEY
Dial-in information: +1 206-531-0324,,86971446#
United States, Seattle
Phone Conference ID: 869 714 46#
Contract location: Statewide
Contract description: The Washington State Department of Transportation is conducting a competitive solicitation to award a Contract to acquire contracted goods and/or services.
The Washington State Department of Transportation’s (WSDOT), Division of Accounting & Financial Services (AFS) requests an annual independent audit of the Washington State System of Eligible Toll Facilities (the Tolling System Financial Statements), beginning with fiscal year ending June 30, 2024. The audit must be performed with sufficient audit work necessary to express an opinion on the fair presentation of the Tolling System’s financial statements under Generally Accepted Auditing Standards (GAAS) as established by the Auditing Standards Board of the American Institute of Certified Public Accountants (AICPA). This audit is being conducted as required by the Bond Covenants of the eligible toll facilities.
The audit of the Washington State System of Eligible Toll Facilities includes all tolling facilities that require WSDOT to produce financial statements and obtain an independent audit. This includes but may not be limited to the governmental accounts below:
• State Route Number 520 Corridor Account, administered by WSDOT
• Toll Facility Bond Retirement Account, administered by the Office of State Treasurer
In addition to the external audit firm performing the audit, WSDOT may request assistance with drafting the:
• SR520 Annual Financial Report,
• Bond Amortization Schedules,
• Calculating Gains or Losses, and any other support needed to complete the annual financial report for the eligible toll facilities.
WSDOT secured GARVEE funds provided by the Federal Highway Administration (FHWA). FHWA requires an
annual audit of the federal aid projects financed by the FHWA GARVEE funds, to attest that WSDOT’s
accounting procedures, processes, and accounting system can support the allocation of eligible principal,
interest, and issuance costs and bond related costs back to the individual federal aid projects being financed
under 23 U.S.C. §115 and §122 on an annual basis.
WSDOT AFS is seeking an external audit firm specializing in auditing and financial services to conduct an
independent audit of its Annual Financial Statements, with final report provided to WSDOT no later than
October 20th annually. In addition to the audit, WSDOT might deem it necessary for the firm to provide
assistance with drafting the Annual Financial Report and bond calculation/presentation. The audit
requirements include continuous ongoing communications, audit planning and strategy, evaluation of
controls, IT systems evaluation (if invoked), testing and analysis field work, attestation agreement (GARVEE
Funds), and reporting/follow-up. WSDOT may also request assistance with drafting the Annual Financial
Report, preparing bond amortization schedules, calculating gains and losses, or other support needed to
complete the annual financial report.
Commodity codes: 918-04: Accounting/Auditing/Budget Consulting, 946-20: Auditing, 946-31: CPA Services
Inclusion plan: None
Preference/priority points:
• Washington small businesses
• Veteran-owned businesses
• Executive Order 18-03
Solicitation documents: Solicitation documents, contacts and bid instructions are available in WEBS:
https://pr-webs-vendor.des.wa.gov/.
Question-and-answer period: 01/04/2024-01/23/2024. Submit questions or concerns about this solicitation in writing to the Procurement Coordinator: Marianna Adams, adamsma@wsdot.wa.gov.
