Economic Model Review

The State of Alabama is soliciting professional consulting services for an Economic Model Review to evaluate state and local economic development incentive programs. The selected supplier will be responsible for reviewing economic and fiscal impact models, specifically analyzing model assumptions, calculations, and underlying data sources. Key deliverables include performing state revenue forecasting, conducting tax analysis, and developing recommendations to support government decision-making. All financial and economic models must be proficiently developed or compatible with Microsoft Excel, and the supplier must demonstrate a deep familiarity with public-sector financial analysis and state tax structures. Evaluation of quotes will be based on four primary criteria: experience with economic development incentives, expertise in economic and fiscal modeling, prior government consulting experience, and the technical qualifications of the proposed project manager and key personnel. This Quick Quote solicitation is subject to a total contract cost cap of 25,000 dollars and a maximum performance period of five years. Compliance requirements include registration with Alabama Buys, enrollment in E-Verify, and registration with the Alabama Secretary of State for foreign entities. The State reserves the right to conduct cost realism and price reasonableness analyses and may cancel the contract for convenience.