Commerical and residential economic development incentive analysis

The City of Richardson, Texas is issuing a Request for Proposals (RFP) for Commercial and Residential Economic Development Incentive Analysis consulting services. The procurement seeks a qualified consultant to evaluate the effectiveness of the city's economic development incentive programs, including traditional business incentives and the Home Improvement Incentive Program (HIIP). Key deliverables and objectives include analyzing program effectiveness, conducting return on investment (ROI) and fiscal impact analyses, evaluating performance metrics, and identifying improvement opportunities. Proposers must demonstrate a minimum of five years of experience conducting economic development incentive studies, analyzing ROI scenarios, and reporting on incentive effectiveness for municipalities of similar or larger size. The evaluation criteria allocate 30 points to proposed strategy, 25 points to qualifications and experience, 25 points to project organization and capacity, and 20 points to cost-effectiveness and timeline, for a maximum of 100 points. A pre-proposal conference is scheduled for Wednesday, February 11, 2026 at 11:00 AM via WebEx, with proposals due by Thursday, February 26, 2026 at 2:00 PM Central Time, submitted electronically through Bonfire or directly to the City of Richardson Purchasing Manager at 2360 Campbell Creek Boulevard, Suite 525, Richardson, Texas 75082.

The RFP does not specify set-aside designations or restrictions limiting participation to disadvantaged enterprises or particular organization types. Proposers must submit separate lump-sum, not-to-exceed fees for Commercial and Residential analyses with detailed cost breakdowns by major task or phase, though specific budget ranges are not disclosed in the RFP documentation. Selected consultants must maintain commercial general liability insurance with minimum limits of $1,000,000 combined single limit and $2,000,000 aggregate, workers' compensation insurance, automobile liability insurance, and excess liability insurance of $2,000,000. Additional requirements include conflict of interest questionnaires, debarment certifications, non-discrimination certifications, and compliance with prohibitions on boycotting Israel, firearm entities, and energy companies. The City reserves the right to award one, both, or neither analysis based on available funding and may terminate the contract within the first six months if performance is unsatisfactory. The City may request audited financial statements and conduct oral interviews with top-ranking firms prior to final award.