Port of Newport Commission Minutes 2026-04-28
Port Approves Five-Year Audit Contract With Sorren
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Description
The Port of Newport Commission approved a five-year engagement with Sorren to provide audit services. The first-year fee is $34,500 plus a $10,000 contingency, with subsequent years adjusted annually based on the December 31 CPI.
Contract Details
Contract Amount
$34,500 with a contingency allowance of $10,000 for the first year
Vendor
SORREN
Agency
Port Of Newport, OR
Contract Type
PROFESSIONAL_SERVICES
Document Date
April 28, 2026
Contract Term
Five-year period; fees for subsequent years adjusted annually based on the December 31 CPI
Renewal Info
Annual engagement letter for a five-year term, with fees after the first year adjusted based on the December 31 Consumer Price Index. Future renewals beyond the five-year period are not specified.
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