City of Compton Fixed Assets Valuation RFP 2022
City of ComptonCity · Compton, CA- Due
- May 19, 2022
- Deadline passed
- Posted
- Mar 29, 2022
- Duration
- 4 months
- Primary contact
- Jocelyn Logan
- (310) 605-5576
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THE 30-SECOND BRIEF
The City of Compton is soliciting proposals from qualified firms to identify and ensure appropriate accounting of all City fixed assets exceeding the capitalization threshold. The scope of work includes performing a physical inventory of all assets, recommending improvements for asset categorization and tracking, and reconciling the physical inventory to the General Ledger with proposed journal entries. Deliverables include a final fixed asset report, accounting records for each asset (description, manufacturer, serial number, location, valuation, useful life), and inventory data provided on a flash drive. Proposers must have at least five years of experience in fixed asset inventories and appraisals. Proposals are due by May 19, 2022, and the selected contractor must be available to start work by June 1, 2022.
Physical inventory, Accounting records, Flash drive with inventory data, Reconciliation to General Ledger, Proposed journal entries, Final Fixed Asset report (5 bound copies)
Understanding of the scope of work (20), Acceptability of approach and work plan (20), Qualifications of the firm (20), Qualifications of the assigned staff (20), Overall fees (20)
SUMMARY
The City of Compton is soliciting proposals from qualified firms to identify and ensure appropriate accounting of all City fixed assets exceeding the capitalization threshold.
The scope of work includes performing a physical inventory of all assets, recommending improvements for asset categorization and tracking, and reconciling the physical inventory to the General Ledger with proposed journal entries. Deliverables include a final fixed asset report, accounting records for each asset (description, manufacturer, serial number, location, valuation, useful life), and inventory data provided on a flash drive. Proposers must have at least five years of experience in fixed asset inventories and appraisals. Proposals are due by May 19, 2022, and the selected contractor must be available to start work by June 1, 2022.
EVALUATION CRITERIA
REQUIRED DELIVERABLES
6- Physical inventory
- Accounting records
- Flash drive with inventory data
- Reconciliation to General Ledger
- Proposed journal entries
- Final Fixed Asset report (5 bound copies)
REQUIRED ATTACHMENTS
3- Appendix A (Summary of Professional Fees)
- Appendix B (Proposer Guarantees)
- Appendix C (Proposer Warranties)
REQUIRED STAFFING
4- Submit to
- Office of the City Clerk, City Hall, City of Compton, 205 South Willowbrook Avenue, Compton, California 90220
- Scope location
- Compton, CA
Questions about this RFP
How do I respond to this RFP from City of Compton?
Review the full solicitation document for submission requirements, evaluation criteria, and deadlines. The submission deadline is May 19, 2022. The solicitation specifies required deliverables that must be addressed in your response. Be sure to include all required attachments as outlined in the solicitation. Submissions should be delivered to: Office of the City Clerk, City Hall, City of Compton, 205 South Willowbrook Avenue, Compton, California 90220. For questions, contact Jocelyn Logan.
Can small businesses or minority-owned firms bid on this RFP?
Most government agencies, including City of Compton in CA, encourage participation from small businesses, minority-owned, women-owned, and disadvantaged business enterprises (MBE/WBE/DBE). Check the full solicitation for any small business participation goals.
What happens after the RFP submission deadline?
After the deadline, the issuing agency reviews all submissions against the stated evaluation criteria. This typically includes a compliance check, technical evaluation, cost analysis, and may involve oral presentations with shortlisted vendors.
Can I ask questions about this solicitation before submitting?
Yes, most solicitations allow vendors to submit questions during a designated period. The primary contact is Jocelyn Logan at (310) 605-5576. Questions and answers are typically shared with all prospective bidders.
What staffing is required for this project?
This solicitation outlines specific staffing requirements. The required roles include: Partners, Managers, Supervisory Staff, Staff. Proposers should demonstrate relevant qualifications and experience for each required role.
What are the key deliverables?
The solicitation specifies the following deliverables: Physical inventory, Accounting records, Flash drive with inventory data, Reconciliation to General Ledger, Proposed journal entries, Final Fixed Asset report (5 bound copies). Proposals should clearly address how each deliverable will be met.
Can I search RFPs like this in ChatGPT or Claude?
Yes. Civic IQ has an MCP server that connects ChatGPT, Claude and other AI assistants to live Civic IQ data: open RFPs, pre-RFP signals from public meetings, awarded contracts and agency decision-makers across 100,000+ US public agencies. Add https://beta.mcp.civiciq.com/mcp as a connector (in ChatGPT under Settings > Apps & Connectors, in Claude under Settings > Connectors) and sign in with a free Civic IQ account at civiciq.com/mcp.
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What are the evaluation criteria for this solicitation?
This solicitation includes specific evaluation criteria that will be used to score proposals. The criteria include: "Understanding of the scope of work (20), Acceptability of approach and work plan (20), Qualifications of the firm (20), Qualifications of the assigned staff (20), Overall fees (20)" Vendors should carefully align their proposals with each criterion to maximize their score.
Where can I find more RFPs from City of Compton?
All active and historical solicitations from City of Compton are tracked and searchable. As a city agency, City of Compton regularly publishes solicitations. Visit the agency profile to see current open bids, past contracts, vendor relationships, and decision-maker contacts.
What is the contract term for this solicitation?
The anticipated contract term is 4 months. Contract terms may include renewal options.
What documents are required to bid on this RFP?
Requirements vary by solicitation, but common documents include a technical proposal, cost/price proposal, proof of insurance, relevant certifications, past performance references, and any forms specified in the solicitation. This solicitation specifically requires the following attachments: Appendix A (Summary of Professional Fees), Appendix B (Proposer Guarantees), Appendix C (Proposer Warranties). Additionally, proposals should address staffing requirements as outlined in the solicitation. Review the full document from City of Compton for the complete list.
What is the scope of this project?
This solicitation defines a specific project scope. The scope covers the following locations: Compton, CA. Review the full solicitation for detailed scope requirements.