Notice Details

New York City Economic Development Corporation, on behalf of City Lights Insurance Company (the “City Lights”), is seeking an auditor to provide audit and related services for City Lights. The selected auditor will be engaged to perform the following services (the “Services”): (i) perform audits of City Lights’ financial statements, and schedule of investments, for the calendar years ending December 31, 2024, 2025, 2026, and 2027 (each, a “Fiscal Year”); (ii) prepare a Management Report for each Fiscal Year, if required, setting forth findings and recommendations; and (iii) attend annual meetings of the Trust’s Board of Directors and Audit Committee as required for each Fiscal Year, and a minimum of two meetings of the Audit Committee during the course of each Fiscal Year.

City Lights plans to select an auditor on the basis of factors stated in the RFP, which include, but are not limited to: (i) the quality of the proposed audit approach, knowledge of compliance guidelines and standards, and a demonstrated understanding and ability to perform the Services; (ii) the quality of the firm’s relevant experience with audits of a similar size and scope, standards and reputation, and favorable experience with audits of public entities; (iii) the proposed compensation; and (iv) the overall quality of the proposal and the degree to which it demonstrates the respondent and its proposed team’s full understanding of the Services to be rendered.

It is the policy of City Lights to comply with all federal, state, and City laws and regulations which prohibit unlawful discrimination because of race, creed, color, national origin, sex, age, disability, marital status, sexual orientation or other protected category and to encourage contracting parties to further the participation of certified Minority and Women-owned Business Enterprises (MWBEs) in the economic opportunities generated by Trust’s projects and initiatives. Please refer to Part II, Section 4, of the RFP, “Minority and Women-Owned Business Enterprise Participation” and Exhibit 1, Appendix E, of the RFP, “Equal Employment Opportunity Requirements”.

Companies that have been certified with the New York City Department of Small Business Services as Minority and Women Owned Business Enterprises (“M/WBE”) are strongly encouraged to apply. To learn more about M/WBE certification, please visit http://edc.nyc/opportunity-mwdbe.

Respondents may submit questions and/or request clarifications from City Lights no later than 5 p.m. on Monday, June 24, 2024. Questions regarding the subject matter of this RFP should be directed to 2024CLICauditservices@edc.nyc.

Answers to all questions will be posted on Monday, July 1, 2024, to https://edc.nyc/rfps. Questions regarding the subject matter of this RFP will not be accepted after 5 p.m. on Monday, June 24, 2024, however, technical questions pertaining to downloading and submitting proposals to this RFP may be directed to RFPrequest@edc.nyc on or before Monday, July 15, 2024.

Detailed submission guidelines and requirements are outlined in the RFP, available as of Friday, June 14, 2024. To download a copy of the solicitation documents please visit https://edc.nyc/rfps. RESPONSES ARE DUE NO LATER THAN on Monday, July 15, 2024 by 11:59PM. Please click the link in the “Deadlines” section of this project’s web page (which can be found on https://edc.nyc/rfps) to electronically upload a proposal for this RFP.