Additional Description 1
<p>New York City Economic Development Corporation (NYCEDC) invites Internal Audit consultants and consulting firms to submit proposals for the provision of Internal Audit consulting services. NYCEDC is restructuring its internal audit activities into a co-sourced model consisting of the consultant(s) who will perform many of NYCEDC's internal audit functions and a duly authorized representative(s) of NYCEDC who will offer administrative support, maintain oversight, and collaborate with the selected consultant. In line with this co-sourced model, the consulting services may include:</p><p>Perform annual risk assessments with considerations for internal controls, compliance with all applicable laws and regulations, process improvement and efficiency, over financial, operational, technology, construction management or other areas for NYCEDC and its affiliates.</p><p>In collaboration with NYCEDC, establish a methodology that incorporates a risk-based approach with a particular focus on risk mitigation, offers flexibility in its ability to understand NYCEDCs operations, and tailors recommendations to the unique NYCEDC structural environment and governance in accordance with applicable professional standards and guidance.</p><p>Audits or assessments such as internal controls, compliance, process improvement and efficiency, substantive-based audits or assessments, or others, over financial, operational, technology, or other areas.</p><p>Audits or assessments over Information Technology (IT), cybersecurity, the use of data analytics, among other technology audits or assessments including integrated business process and IT.</p><p>Internal Audit best practice guidance and implementation.</p><p>NYCEDC plans to select one or more consultants on the basis of factors stated in the Request for Proposals (RFP) which include but are not limited to: experience in providing services similar to those encompassed in the RFP, quality of the proposal, quality of the respondents management and reputation, quality of the proposed consultant team, proposed fee, and favorable history, if any, in contracting or doing business with the City of New York (City) and/or NYCEDC.</p><p>It is the policy of NYCEDC 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 and other protected category and to take affirmative action in working with contracting parties to ensure certified Minority and Women-owned Business Enterprises (M/WBEs) share in the economic opportunities generated by NYCEDCs projects and initiatives. Please refer to the Equal Employment and Affirmative Compliance for Non-Construction Contracts Addendum in the RFP.</p><p>This project has M/WBE participation goals, and all respondents will be required to submit an M/WBE Participation Proposal with their response. To learn more about NYCEDCs M/WBE program, visit http://edc.nyc/opportunity-mwdbe. For the list of companies who have been certified with the New York City Department of Small Business Services as M/WBE, please go to the https://sbsconnect.nyc.gov/certification-directory-search/.</p><p>NYCEDC established the Contract Financing Loan Fund programs for Minority, Women and Disadvantaged Business Enterprise (M/W/DBE) interested in working on public construction projects. Contract Financing Loan Fund facilitates financing for short-term mobilization needs such as insurance, labor, supplies and equipment. Bidders/subcontractors are strongly encouraged to visit the NYCEDC website at http://edc.nyc/opportunity-mwdbe to learn more about the program.</p><p>Respondents may submit questions and/or request clarifications from NYCEDC no later than 5pm on Wednesday, November 15, 2023. Questions regarding the subject matter of this RFP should be directed to InternalauditRFP24@edc.nyc. Answers to all questions will be posted by Wednesday, November 22, 2023, to https://edc.nyc/rfps. Questions regarding the subject matter of this RFP will not be accepted after 5pm on Wednesday, November 15, 2023, however, technical questions pertaining to downloading and submitting proposals to this RFP may be directed to RFPREQUEST@edc.nyc on or before Tuesday, December 5, 2023.</p><p>To download a copy of the solicitation documents please visit https://edc.nyc/rfps. RESPONSES ARE DUE NO LATER THAN Tuesday, December 5, 2023. A zip file with company name must be uploaded to URL on NYCEDC website. Please click the link in the Deadlines section of this projects web page (which can be found on https://edc.nyc/rfps) to electronically upload a proposal for this solicitation. </p>
