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State of California
· State
· California
Digital Financial Assets Consulting Services
PROPOSALS DUE
October 19, 2026, 2:00 pm PDT
3 days left
WHAT THEY WANT
(Summarized from the RFP)
The California State Controller's Office is seeking a consultant to help it fully incorporate cryptocurrency, virtual currency and other digital financial assets into the state's Unclaimed Property Program. Senate Bill 822 made digital financial assets subject to reporting and remittance in their native form under California's Unclaimed Property Law, so the Office must be able to receive, safeguard, administer and return these assets securely, compliantly and auditably. The consultant is expected to put the needed standard operating procedures in place during the 2026 holder reporting period so staff can then run the function on an ongoing basis.
DOCUMENT SET
5 documents
· 1.7MB
CHANGES SINCE PUBLISHED
1 change
WHAT OTHERS ASKED
4 questions answered
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Given that the DVBE requirement has been waived in this RFP coupled with the instruction on page 24 of the Disabled Veteran Business Enterprise Incentive section of the RFP that, "if the awarded contractor has a certified DVBE perform any element of work for the Contract, within 60 days of expiration of the Contract, the awarded contractor shall complete and submit to SCO a Prime Contractor's Certification – DVBE Subcontractor Report (STD 817)", would SCO consider updating the sample Standard Agreement to either: (a) eliminate Section E. Disabled Veterans Enterprise Subcontractor Authorization to Withhold $10,000 located on page 2 at Exhibit B, Budget Detail and Payment Provisions of the sample Standard Agreement should the awarded contractor refrain from using a DVBE; or (b) modify the contract language in such section to conform with the RFP instructions? By doing so, the Standard Agreement would then be consistent with the RFP and confirm the understanding of the Parties that absent the use of a DVBE Subcontractor (which requirement has been waived), no such report shall be filed, and SCO shall not withhold $10,000?
Award & contract
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In Attachment 16, Proposer Firm Qualifications, please clarify the following elements: a. How should the "Time Base (# of hours dedicated per week to the project)" field be calculated? Is SCO requesting the total number of labor hours provided by all firm personnel supporting the project during an average week, or another measure? b. What is the "% of Time" field intended to represent for a firm-level project? Please identify the denominator SCO expects proposers to use when calculating this percentage. For example, is this intended to represent the percentage of the firm's total organizational capacity dedicated to the referenced project, or another measure? c. For multi-year projects where the firm's level of effort varies over the life of the engagement, should the "Time Base" and "% of Time" reflect the average level of effort over the entire project, the level of effort during the project's most active period, the current level of effort, or another period? d. For projects where staffing and level of effort fluctuate based on project phase, client needs, or other project activity, may proposers provide an estimated range or explanatory notation rather than a single fixed number of hours per week and percentage?
Compliance
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Section I, items 2 and 4, pages 23 and 24. If one subcontractor is certified by DGS OSDS as both a Small Business (Micro) and a DVBE, may its participation count toward both the Non-Small Business Preference (at least 25 percent) and the DVBE Incentive in the same proposal, subject to the combined 15 percent cap?
Preference
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Section B.1, Proposer Firm Minimum Qualifications, page 5. May the proposer meet FMQ (b), three years of guidance and policy on holding digital assets, through the documented experience of a named subcontractor, or must the proposing firm meet both FMQ (a) and (b) itself?
Eligibility
ABOUT THIS RFP
RFP number
EUPD91526
Budget
$300,000
Published
Entity type
State
State
California
Summarized from the State of California portal.
HOW TO SUBMIT
Email the proposal to SCOBids@sco.ca.gov: Technical Proposal and Cost in PDF, and the Minimum Qualifications workbooks (Attachments 16 and 17) in Excel, with "RFP EUPD91526 – Digital Financial Assists (DFA) Consulting Services" in the subject line. Keep each email under 20 MB (split across emails if needed), include no scripts, macros, password protection or embedded links, and complete the Required Attachment Checklist and Proposal/Proposer Certification Sheet. An automatic reply confirms receipt only. Questions go to the same address.
NAICS CODES & TAGS
541611
541219
Financial and Tax Advisory Services
Treasury and Cash Management Services
ACROSS 539 RFPS
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Changes since published
1 change filed since it went out, summarized, so a date or a requirement never shifts without you knowing.
What others asked
4 questions the government entity answered in writing — the answers bind.
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