Economic Model Review

The Alabama Department of Commerce is soliciting professional consulting services for an Economic Model Review under a Professional Services Small Purchase Quick Quote, with a total contract value of up to 25,000 USD. The scope of work requires the selected supplier to evaluate state and local economic development incentive programs, focusing on the effectiveness and fiscal impacts of tax credits and payroll-based incentives. Key deliverables include the review of economic and fiscal impact models, state revenue forecasting, tax analysis, and the development of return on investment methodologies to support government decision-making. All financial and economic modeling must be performed using Microsoft Excel. Evaluation of quotes is based on the supplier's experience with economic development incentives, expertise in fiscal modeling, and prior consulting experience with state government agencies. Proposals must identify a project manager and key personnel with documented technical qualifications in state taxation and fiscal analysis. The contract is subject to Alabama state law, including certifications regarding tax remittance and immigration law compliance. Payments are made via electronic methods such as P-cards or EFT, and the contract may be cancelled if funds are not appropriated for subsequent fiscal periods. Responses must be submitted electronically through the Alabama Buys portal, adhering to strict formatting guidelines that prohibit the use of bullet points or visual aids.