STRATEGIC PRIORITY: Government Performance & Financial Management
AGENDA DATE: November 13, 2024
COUNCIL DISTRICT(S): All
DEPARTMENT: Office of Procurement Services
EXECUTIVE: Donzell Gipson
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SUBJECT
Title
Authorize a five-year service contract for consulting services for economic analysis, forecasting, and research for Budget and Management Services - Dearmon Analytics, LLC, most advantageous proposer of seven - Not to exceed $299,125.02 - Financing: General Fund (subject to annual appropriations)
Body
BACKGROUND
This action does not encumber funds; the purpose of a service contract is to establish firm pricing for services, for a specific term, which are ordered on an as needed basis.
This service contract will provide for consulting services for economic analysis, forecasting, and research for Budget and Management Services. These services will be utilized to develop and maintain an economic forecast model for General Fund property tax and sales tax. The consultant will provide three revenue scenario estimates (pessimistic, baseline, and optimistic) for the current year and subsequent four years. Also, the consultant will update economic and demographic indicators particularly those related to the City and indicators impacting the forecast. Lastly, the consultant will provide fiscal in-pact analysis of proposed State and Federal legislation and other issues impacting city revenues.
A four-member committee from the following departments reviewed and evaluated the qualifications:
* Budget and Management Services (1)
* Department of Convention and Event Services (1)
* Office of Economic Development (1)
* Office of Procurement Services (1)*
*The Office of Procurement Services evaluated cost and local preference, if applicable.
The committee selected the successful respondents on the basis of demonstrated competence and qualifications under the following criteria:...
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