Audit Bid Evaluation Matrix.xlsx

	A	B	C	D	E	F	G	H	I	J	K	L	M
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2		Audit Services Bid Evaluation Matrix
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4	Vendor	Type of Service	Price	Cost Score = (Lowest cost of all bids received/Bid cost for this firm) x 25	Qualifications	Organizational structure and size of entire firm (resources available – personnel and research, existence of areas of specialization, commitment to governmental auditing, etc.)	Organizational structure and size of office performing the audit (resources available – personnel and research, existence of area of specialization, commitment to governmental auditing, etc.)	Recent experience in similar audits (involvement in local governmental audits – extensiveness, variety, length of time performing audits, etc.)	Qualifications of the audit team (level of experience as accountants, auditors, governmental auditors, variety of experience, % of time devoted to governmental audits, number of CPA’s involved, training, etc.)	Individuals with whom the audit team can consult (level and variety of experience, number of CPA’s, training, etc.)	Understanding of work and timetable to complete audit (number of hours, projected timetable, commentary showing understanding of entity and general knowledge of what is required, etc.)	Total Qualifications	Total Points
5				0-25		0-5	0-5	0-15	0-25	0-5	0-20	0-75	High Points wins
6	Schnurr & Company, LLP	Audit Services	$ 38,250.00	25		4	4	14	20	3	19	64	89
7	Williams & Co.	Audit Services	$ -	#DIV/0!		0	0	0	0	0	0	0	#DIV/0!
8	Hogan-Hansen, PC	Audit Services	$ -	#DIV/0!		0	0	0	0	0	0	0	#DIV/0!
9	Cornwell Frideres Maher & Assoc.	Audit Services	$ -	#DIV/0!		0	0	0	0	0	0	0	#DIV/0!
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11	Price Points are calculated with the following formula: (Low Bid Price / Vendor Bid price) X 25 Total posible points 25
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