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Finance committee approves one-year audit contract with RKO after debate over sole bid and delays
Summary
The Bangor City Finance Committee voted to accept a one-year audit contract with RKO at $174,500 for the city's fiscal 2025 audit after rejecting a proposal to reissue the RFP; several councilors raised concerns about past delays and limited competition.
The Bangor City Finance Committee voted to accept a one-year contract with auditing firm RKO for the city's fiscal 2025 audit at a cost of $174,500, after rejecting a motion to rebid the audit amid concerns about a single bidder and prior delays.
The motion to reject the sole bid and reissue the request for proposals, introduced by Councilor Glennon, failed; committee members then moved and approved a one-year award to RKO while staff will revisit the audit solicitation later this year. The committee’s discussion included comparisons to audit hours and pricing in nearby…
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