Port of Newport AgendaPacket Commission Meeting 2026-05-26
Port Approves Five-Year Audit Contract with Sorren
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Description
The Port of Newport Commission approved a five-year professional services engagement with Sorren to provide annual audit services. The first-year fee is set at $34,500 with a $10,000 contingency, and future fees will be adjusted annually based on the December 31 CPI.
Contract Details
Contract Amount
$34,500 plus $10,000 contingency for first year; future years CPI-adjusted
Vendor
SORREN
Agency
Port Of Newport, OR
Contract Type
PROFESSIONAL_SERVICES
Document Date
May 26, 2026
Contract Term
Five-year period, with annual engagement letters and fees adjusted each year based on the December 31 CPI
Renewal Info
Initial engagement spans five years with separate annual engagement letters. Fees in years 2–5 will be increased annually in line with the December 31 CPI.
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