Public Agency Rate Adjustment Economic Analysis

The Port of Long Beach in California has issued a subcontract for the Public Agency Rate Adjustment Economic Analysis. The primary objective of this engagement is to perform detailed economic modeling and financial analysis to justify an annual 4.0% increase in VTS fees. Additionally, the project involves the development and justification of a new fee tier specifically for vessels with a length overall of 360 meters or more. The scope of work requires the contractor to conduct comprehensive cost-benefit analyses and assess the potential impacts on various stakeholders. This professional service falls under NAICS code 541620 and is centered in Long Beach, California, with the goal of ensuring the financial sustainability and equitable distribution of fees for large-scale maritime operations.