Request for Quotes – Financial and Management Audit of Young Brothers

Description | RFQ Schedule and Significant Dates | References | SUBMIT QUOTATION

Description

The State of Hawaii Public Utilities Commission (“Commission”), through this web page, has released a Request for Quotes (“RFQ”) inviting potential offerors to provide their quotes for consulting services for the financial and management audit of Young Brothers, LLC (“YB”). This opportunity will assist the Commission in its continued investigation into YB’s financial and management practices, for the purposes discussed in Order No. 37280, Docket No. 2019-0117, issued on August 17, 2020.

The Commission is seeking for a reputable and experienced independent party to conduct this audit. One of the key objectives of the audit is to provide viable options for YB to stabilize its finances and improve its long-term competitive position, while ensuring its continued ability to provide affordable, reliable service to the state.1 Further details surrounding the requested audit are provided in the Scope of Services to be performed.

All responses to this RFQ must include the following information:

  • Company background and qualifications
  • Experience with financial and/or management audits or similar projects
  • Experience working with the Commission (if applicable, provide the dates and in what capacity)
  • References from clients
  • Proposed quote for services

All RFQ materials must be submitted by Wednesday, January 13, 2021 (2:00 pm HST), through the web form located at the bottom of this web page under Submit Quotation. All responses received by the deadline will be reviewed and evaluated by the Commission. On or around January 25, 2021, the Commission will notify an offeror of its final selection. Following the selection process, a contract will be prepared and executed by April 15, 2021. The final report for the financial and management audit of YB is expected to be completed and delivered to the Commission by August 20, 2021.

Please direct all questions regarding this solicitation to: Jaclyn Young by December 18, 2020. You may also use this Submit Questions web form (not compatible with Internet Explorer).

1 The Commission identified core principles for YB to balance maintaining financial viability with providing affordable, reliable service to its customers. See Docket No. 2020-0084, Opening Order at 3.

RFQ Schedule and Significant Dates

The schedule represents the Commission’s best estimate of the schedule that will be followed. If a component of this schedule, such as the Deadline for RFQ Materials, is delayed, the rest of the schedule will likely be shifted by the same number of days. Any change to the RFQ Schedule and Significant Dates shall be reflected on this web page. The anticipated schedule is as follows:

Milestones Date
Release of Request for Quotes December 11, 2020
Deadline to Submit Questions December 18, 2020, 2:00pm HST
State’s Response to Questions December 28, 2020, 4:00pm HST
Deadline for RFQ Materials January 13, 2021, 2:00pm HST
Vendor Interviews January 20-22, 2021
Notice of Award April 1, 2021
Contract Start Date April 15, 2021 (No Later Than)

Below are links to documents that will assist in the development of your RFQ Materials.

References

 

Submit Quotation

(form not compatible with Internet Explorer).
[gravityform id=”7″ title=”false” description=”true”] 

Updated 8/2023