Posted Date : December 03,2018
Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : EXTRA-4041
Government authority located in Providence, Rhode Island, USA based organization looking for expert vendor for economic feasibility and analysis consulting services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide on-going, on-call consulting services for various Commerce (and Commerce affiliates) projects, initiatives and studies including tax, economic, real estate, and other analyses (collectively, the “Services”), as specified in and in accordance with any project assignment awarded to the Consultant in connection with some or all of the services mentioned in this section to the government authority located in Providence, RI.
- Project Economic and Fiscal Impact Analysis: - Using an industry approved-model such as REMI, IMPLAN or RIMS II, or a model approved by the Corporation, quantify the direct and indirect economic impacts, including, but not limited to
a. Jobs created during construction and permanent jobs created during operations.
b. Earnings, wages and salaries, or income received.
c. Consumer spending.
d. Supplier impacts of businesses or related local industries.
e. State wide gross domestic product and other related macro-economic factors.
- Quantify fiscal impacts on state revenue as a whole and each source of state revenue, including but not limited to sales and use, personal income and corporate tax.
- Prepare project-based fiscal impact model (using Microsoft Excel), suitable for simple input of critical project assumptions and public review of such assumptions, calculations, and outputs. The methodology employed should be clearly stated and capable of being independently recreated by third-parties, including but not limited to incentive applicants and members of the public. The fiscal model should project current dollar revenues and costs, and allow for potential phasing of projects, as well as allowing for key project variables to be capable of independent input. The base fiscal impact model should allow for multiple revenue inputs and application to varying land uses and building types including, but not limited to office, hotels, condos, flex industrial, manufacturing, multifamily, mixed use and retail, destination recreation and retail, parking facilities, and others as determined by the Corporation.
4. Analyze, determine and calculate appropriate return on public investment measures.
5. Prepare or review tax increment projections under the Rhode Island Tax Increment Financing
Act.
- Market Analysis: -
1. Analyze and evaluate market supply and demand factors, including hard asset development strategies to drive long term economic growth
2. Evaluate the location, including surrounding uses, vehicle traffic patterns, parking
availability and pedestrian traffic of potential projects and development activity.
3. Supply, analyze and benchmark market data for the project, including the uses contained
therein, including construction and other development costs, rents, and operating expenses,
including trends and cost and value drivers.
4. Conduct market and submarket analysis for any given product type (e.g. hotel, multi-family,
office, etc.) indicating market inventory, rents, vacancy, absorption as well as new supply
projections of permitted projects;
- Real Estate Financial Analysis: - Examples of services under this topic area may include but are not limited to the following:
1. Calculate or verify the investment returns, levered and unlevered, indicating ROC, IRR, cash on-cash, and other customary financial metrics.
2. Analyze project and investment feasibility.
3. Investment analysis including financial projections and detailed modelling.
4. Estimate current construction and replacement costs.
5. Evaluate all proposed incentives being requested for any project to determine which, if any, incentive is necessary for the project. The Consultant should demonstrate a strong understanding of statutory requirements for “but for” analysis for each incentive program.
6. Analyze, evaluate and recommend a financial structure that optimizes the public investment, including an analysis, evaluation and mitigation strategy of public sector risk in a proposed transaction. - Planning, Design, and Architectural Services: - Provide a broad array of planning, design and architectural services including, but not limited to, the following:
1. Advise the Corporation on any design-related topics, including, but not limited to marketing the Corporation and its related programs or services.
2. Create architectural schematics, graphic design renderings, and other design-related products.
- Tax Advising and Analysis Examples of services under this topic area may include but are not limited to the following:
1. Advise on competitive structuring of Rhode Island’s state and local tax system, specifically
as it applies to business and compares to systems in competitor states.
2. Conduct analysis to support such advice, including
[C] Eligibility:
Onshore (USA Only)
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: December 20,2018
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$
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Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID : EXTRA-4041
Government authority located in Providence, Rhode Island, USA based organization looking for expert vendor for economic feasibility and analysis consulting services.
[A] Budget: Looking for Proposals
[B] Scope of Service:
(1) Vendor needs to provide on-going, on-call consulting services for various Commerce (and Commerce affiliates) projects, initiatives and studies including tax, economic, real estate, and other analyses (collectively, the “Services”), as specified in and in accordance with any project assignment awarded to the Consultant in connection with some or all of the services mentioned in this section to the government authority located in Providence, RI.
- Project Economic and Fiscal Impact Analysis: - Using an industry approved-model such as REMI, IMPLAN or RIMS II, or a model approved by the Corporation, quantify the direct and indirect economic impacts, including, but not limited to
a. Jobs created during construction and permanent jobs created during operations.
b. Earnings, wages and salaries, or income received.
c. Consumer spending.
d. Supplier impacts of businesses or related local industries.
e. State wide gross domestic product and other related macro-economic factors.
- Quantify fiscal impacts on state revenue as a whole and each source of state revenue, including but not limited to sales and use, personal income and corporate tax.
- Prepare project-based fiscal impact model (using Microsoft Excel), suitable for simple input of critical project assumptions and public review of such assumptions, calculations, and outputs. The methodology employed should be clearly stated and capable of being independently recreated by third-parties, including but not limited to incentive applicants and members of the public. The fiscal model should project current dollar revenues and costs, and allow for potential phasing of projects, as well as allowing for key project variables to be capable of independent input. The base fiscal impact model should allow for multiple revenue inputs and application to varying land uses and building types including, but not limited to office, hotels, condos, flex industrial, manufacturing, multifamily, mixed use and retail, destination recreation and retail, parking facilities, and others as determined by the Corporation.
4. Analyze, determine and calculate appropriate return on public investment measures.
5. Prepare or review tax increment projections under the Rhode Island Tax Increment Financing
Act.
- Market Analysis: -
1. Analyze and evaluate market supply and demand factors, including hard asset development strategies to drive long term economic growth
2. Evaluate the location, including surrounding uses, vehicle traffic patterns, parking
availability and pedestrian traffic of potential projects and development activity.
3. Supply, analyze and benchmark market data for the project, including the uses contained
therein, including construction and other development costs, rents, and operating expenses,
including trends and cost and value drivers.
4. Conduct market and submarket analysis for any given product type (e.g. hotel, multi-family,
office, etc.) indicating market inventory, rents, vacancy, absorption as well as new supply
projections of permitted projects;
- Real Estate Financial Analysis: - Examples of services under this topic area may include but are not limited to the following:
1. Calculate or verify the investment returns, levered and unlevered, indicating ROC, IRR, cash on-cash, and other customary financial metrics.
2. Analyze project and investment feasibility.
3. Investment analysis including financial projections and detailed modelling.
4. Estimate current construction and replacement costs.
5. Evaluate all proposed incentives being requested for any project to determine which, if any, incentive is necessary for the project. The Consultant should demonstrate a strong understanding of statutory requirements for “but for” analysis for each incentive program.
6. Analyze, evaluate and recommend a financial structure that optimizes the public investment, including an analysis, evaluation and mitigation strategy of public sector risk in a proposed transaction. - Planning, Design, and Architectural Services: - Provide a broad array of planning, design and architectural services including, but not limited to, the following:
1. Advise the Corporation on any design-related topics, including, but not limited to marketing the Corporation and its related programs or services.
2. Create architectural schematics, graphic design renderings, and other design-related products.
- Tax Advising and Analysis Examples of services under this topic area may include but are not limited to the following:
1. Advise on competitive structuring of Rhode Island’s state and local tax system, specifically
as it applies to business and compares to systems in competitor states.
2. Conduct analysis to support such advice, including
[C] Eligibility:
Onshore (USA Only)
[D] Work Performance:
Performance of the work will be Offsite. Vendor needs to carry work in their office location.
Budget :
Deadline to Submit Proposals: December 20,2018
Cost to Download This RFP/RFQ/RFI/Solicitation/Tender/Bid Document : 5 US$