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Economic Data Report Data Validation
In order to ensure that the data submitted by respondents in the EDRs is accurate, the Council has specified that data reported in EDR forms be subject to verification, including audits of related company records. Validation protocols developed over the first five years of data collection involves reviewing the data contained within submitted EDRs, conducting random audits for a certain percentage of submitted EDRs, and conducting verification audits for those EDRs containing anomalous or outlier data values. In this RFP we are seeking your ideas on what it would cost to complete the validation audit process, implementing or improving the validation protocols developed for EDR data to date.
