Specifications include, but are not limited to: The University is issuing this RFP to select an independent public accounting or consulting firm or firms to perform contract compliance audits for one or more specific construction contract(s) as selected periodically by the Internal Audit Department over the term of the contract. Projects for any of our institutions may be selected, and the locations will most likely be for the University of Arkansas, Fayetteville, but could be a campus in any of the other locations of the University of Arkansas System. The audit project(s) will be coordinated through the Internal Audit Department. For each project selected, Internal Audit will notify the audit/consulting firm and campus will notify the respective construction contractor(s) of the upcoming audit(s). In general, the audits would consist of analyzing contracts including uniform and supplemental general conditions; all invoicing and back-up; schedule of values and related pro-ration; contractor general conditions; subcontractor and self-performed work invoicing; fiscal transaction process and related process requirements
