What is the budget for this RFP?

Settle estimates the budget at $500,000 – $1,500,000. The issuer has not published an official figure.

It was issued by Oregon Department of Transportation. The work is located in Portland, Oregon, United States.

I-5 Rose Quarter Improvements CM/GC Contract Construction Cost Verification and Audit Services

Overview

Financial, Legal, HR & Staffing

Portland, Oregon, United StatesPosted: October 20, 2026

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SUMMARY

The Oregon Department of Transportation is seeking a consultant to provide construction cost verification and audit services for the I-5 Rose Quarter Improvements Project, specifically for the CM/GC contract's open-book pricing and cost reconciliation processes.

KEY REQUIREMENTS

Must be a registered vendor in OregonBuys
Must possess an active Certified Public Accountant (CPA) license with the Oregon Board of Accountancy
Must have experience performing construction accounting cost verification of heavy-civil or transportation infrastructure construction projects over $50M
Must have experience performing verification of contractor’s internal costs, inclusive of labor, material, equipment, and subcontractors
Must have experience performing cost verification of construction disputes and claims
Must have experience providing litigation support related to construction accounting
Must have at least 5 years in business
Key personnel must hold a Certified Construction Industry Financial Professional (CCIFP) certification issued by the Construction Financial Management Association (CFMA)

BUDGET

Estimate

$500,000 – $1,500,000

CONTRACT DURATION

24 months

TIMELINE

Pre-proposal conference: October 29th, 2026.

Questions due: 10 calendar days prior to the Bid Opening Date.

Protest period ends: 7 calendar days prior to the Bid Opening Date.

Contract term: 2 years initial term, with potential extensions up to 10 years.

QUESTION DEADLINE

October 20, 2026

CONTACTS

Primary procurement contact — name, title, email, and phone

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Issuing Agency

Oregon Department of Transportation

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DESCRIPTION

The Oregon Department of Transportation (ODOT) is procuring construction cost verification and audit services for the I-5 Rose Quarter Improvements Project in Portland, Oregon. The scope includes conducting reviews, validations, and audits of project records, including invoices, labor documents, and subcontractor billings, to ensure costs are allowable, properly allocated, and reasonable under the CM/GC contract's 'Open-Book Process'. The consultant will perform interim and final financial verification reports for Early Work Packages and the final GMP Amendment Construction Package. The initial contract term is 2 years, with potential extensions up to a cumulative 10 years.

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Frequently asked questions

What is the budget for this RFP?: Settle estimates the budget at $500,000 – $1,500,000. The issuer has not published an official figure.
Who issued this RFP?: It was issued by Oregon Department of Transportation. The work is located in Portland, Oregon, United States.

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