ASU24010 Q_A.pdf
PDF 140 KB Posted
- Attached to
- Optimizing Graduate Revenue Sharing & Tuition
- Solicitation number
- ASU24010-RFP
- Issued by
- Alamosa County, Colorado
About this file
This document is a Questions & Answers (Q&A) file for RFP ASU24010 issued by Adams State University in Colorado, pertaining to a professional consulting engagement for optimizing graduate revenue sharing. The document outlines key details about a proposed consulting project targeting graduate program revenue strategies, with a project timeline spanning from June 1st to October 1st. The university is seeking a consultant to assist in developing more strategic and intentional approaches to enrollment management and graduate education planning.
The university has not established a predetermined price range and will evaluate proposals based on competitiveness. While no formal written revenue sharing policies currently exist, the budget process uses a complex formula considering instruction type, tuition revenue, faculty loads, residual funds, and departmental reserves. The current revenue sharing approach varies slightly across the 8 areas offering graduate programs. The project aims to develop a more structured approach to graduate revenue optimization, with stakeholder groups already identified and preliminary communication conducted. The university is flexible on project timelines and welcomes early deliverables, with the project being part of their current strategic planning process for graduate education.
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Other files
| File | Type | Posted |
|---|---|---|
| ASU24010-RFP OPTIMIZING GRADUATE REVENUE SHARING AND TUITION.pdf | ||
| Exhibit A - Sample Agreement Template.docx | DOCX document |
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Text version
ASU24010-RFP
Questions & Answers
1. Is there a project management structure in place for governance, such as: Project Sponsor, Project Lead, Steering Committee? Who would be the main point of contact for this initiative?
There is a project structure including the lead and the steering committee.
• Project Sponsor: President
• Project Lead: Assistant Vice President for Graduate Studies
• Steering Committee: RFP Selection Committee
• Main point of contact relating to the RFP: Director of Purchasing
• Main point of contact under contract: Assistant Vice President for Graduate Studies
2. Are key stakeholder groups/individuals already identified, established, and notified of their role in this initiative?
Stakeholder groups were identified and work on bringing the consultant to assist in this process has been communicated to most of those groups. No specific tasks have been assigned pending input from the consultant.
3. Is “Optimizing Graduate Revenue” part of a larger institutional strategic plan?
It is part of our attempts to be more strategic and more intentful with regards to our enrollment management and strategic planning. It is not explicitly part of the previous university-wide strategic plan but it is part of the current planning process and will be part of the strategic plan for graduate education that we hope to start working on this Fall.
4. Is the timeline of June 1st – October 1st negotiable, meaning is it acceptable if work is completed ahead of the proposed timeframe?
Yes, we are open to alternate timelines. The October is an approximation of the lastest desired time to deliver the final report but we will gladly welcome deliverables provided sooner.
5. Is there a price point/range in mind for this endeavor?
Proposals will be evaluated based on their competitiveness among the pool of submissions. The RFP committee will entertain all feasible proposals. No anticipated price range has been established.
6. How many graduate revenue sharing policies are established in the current state?
We don't have formal written policies regarding revenue sharing. However, the budget process uses a formula that factors in (1) instruction type (in-person, on-line, hybrid), (2) tuition revenue, (3) faculty-loads funded by general fund (cost recovery), (4) remaining residual funds, and (5) the amount of revenue destined for departmental reserves to determine the revenue sharing percentage for a department. The revenue share percentages are slightly different across 8 areas offering graduate programs.
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