Review of records and operating expenses of 100 Cambridge

Background

The Division of Capital Asset Management and Maintenance (DCAMM) is seeking audit services to review records and operating expenses related to their office space at 100 Cambridge Street, Boston, MA. This contract is part of the Statewide Contract for Ancillary Audit Services, aimed at ensuring compliance and transparency in financial operations. The goal is to evaluate the Landlord's operating expenses and ensure they align with the terms of the Office Sublease.

Work Details

The contractor will perform a review of the Landlord’s books and records for Operating Expenses, including the Annual Statement of Operating Expenses and the Operating Expenses Adjustment for the period from July 1, 2024, to June 30, 2025. Deliverables include a draft report and a final report. The contract may be extended for three additional one-year terms at DCAMM’s discretion, covering subsequent fiscal years until June 30, 2030.

Period of Performance

The contract duration is from January 1, 2025, to December 31, 2026, with an anticipated start date for work around June 22, 2026. The performance will run for approximately one year with options for three additional one-year extensions.

Place of Performance

The services will be performed at 100 Cambridge Street, Boston, MA.

Bidder Requirements

Contractors must demonstrate experience in reviewing building operating expenses for commercial office buildings and in commercial real estate lease accounting reviews or audits. They must also have submitted an RFR Response under PRF78DESIGNATEDCTR00 to be eligible to bid.