Office of the Illinois State Treasurer
Judy Baar Topinka
Supplemental Request for Proposals
Professional and Artistic Services
Auditors of Unclaimed Property
May 21, 2004
The Treasurer is issuing this Request for Proposals to provide professional
auditing services for the Unclaimed Property Division. These services are needed
to bring holders of unclaimed property into compliance with the Illinois Uniform
Disposition of Unclaimed Property Act (“Act”) (765 ILCS 1025/1 et seq.) and
corresponding Administrative Rules allowing the Illinois State Treasurer to
reunite rightful owners with their abandoned property as reported to Illinois by
virtue of audits conducted by competent examiners. The successful Vendors
must, upon the conclusion of an audit, make a representation to the Treasurer that,
as a result of the report, the entity is in compliance with the Illinois Uniform
Disposition of Unclaimed Property Act and its associated Administrative Rules.
The Treasurer reserves the right to award multiple contracts for Vendors deemed
to be best qualified to provide the service requested under the Request for
Proposal at a fair and reasonable price.
Pursuant to an RFP issued April 12, 2001, the Treasurer currently has two (2)
Vendors under contract performing these services. The Treasurer has determined
that it will be in the State’s best interest to contract with additional vendors in
order to promote increased compliance with the Act. Further, as a result of recent
insurance company demutualizations, the Treasurer believes that an increased
amount of unclaimed property will be reportable to the State of Illinois.
The Treasurer plans to contract with a Contractor to provide these services for a
period beginning June 15, 2004 and continuing through June 30, 2005.
2.0 Audit Services
2.1 Scope of Work. The Contractor shall identify, and collect from persons, firms, and
entities (hereinafter called "holders") which are holding or in possession of
unclaimed property subject to report and delivery under the Act. In conjunction
with the identification and collection of unclaimed property the Contractor shall: