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CITY OF RAMSEY <br />REQUEST FOR PROPOSALS FOR PROFESSIONAL AUDIT SERVICES <br />Attachment B must be completed to support the City's general <br />audit cost for 2007. This schedule should break out costs for each <br />level of staff by hours and rate per hour. This schedule should <br />support the all - inclusive rate of the City's general audit for 2007 <br />listed on Attachment A as well as the specific audit approach <br />identified in the detailed proposal. If rates significantly vary for <br />years 2008 and 2009, a separate Attachment B- Schedule of <br />Professional Fees and Expenses should be completed for each year. <br />3. Rate for Additional Professional Services <br />If it should become necessary for the City to request the auditor to <br />render any additional services to either supplement the services <br />requested in this RFP or to perform additional work as a result of <br />the specific recommendation included in any report issued on this <br />engagement, then such additional work shall be performed only if <br />set forth in an addendum to the contract between the City of <br />Ramsey and the firm. Any such additional work agreed to between <br />the City of Ramsey and the firm shall be performed at the same <br />rates set forth in Attachment B — Schedule of Fees and Expenses <br />included in the bid. <br />4. Manner of Payment <br />Progress payments will be made on the basis of work completed <br />during the course of the engagement in accordance with the firm's <br />bid proposal. Interim billing shall cover a period of not less than a <br />calendar month. <br />VII. EVALUATION PROCEDURES <br />a) Evaluation Criteria <br />Proposals will be evaluated by the Finance Officer and the City Administrator <br />and a recommendation will be forwarded to the City Council. Proposals will <br />be evaluated using three sets of criteria. Firms meeting the mandatory criteria <br />will have their proposals evaluated and scored for both technical qualifications <br />and price. The following represents the principal selection criteria which will <br />be considered during the evaluation process: <br />1. Mandatory Elements <br />a. The audit firm is independent and licensed to practice in <br />Minnesota. <br />b. The firm has no conflict of interest with regard to any other <br />work performed by the firm for the City. <br />-96- Page 11 of 14 <br />