RFP #1184196 - Solid Waste Financial Modeling, Forecasting & Advisory Services

Montgomery County is seeking a qualified financial consulting firm to develop a comprehensive financial planning and rate-setting framework for its Solid Waste System through RFP #1184196. The primary objective is to create a dynamic, user-friendly rate modeling tool that can evaluate cost recovery, project revenues and expenditures, and simulate rate impacts across customer classes under various scenarios. Key deliverables include a detailed Six-Year financial forecast, a 10-year strategic financial plan that integrates capital planning, debt service, reserve policies, and long-term liabilities such as landfill closure/postclosure care. The consulting firm must provide comparative benchmarking analysis against peer jurisdictions, guidance on optimal funding strategies, and ongoing consultation to support internal staff in maintaining and utilizing the rate model. The solicitation will be issued through BidNet's Maryland Purchasing Group, with electronic responses required. Vendors must register on the platform using the "Limited" option, which is free. The posting date is July 1, 2025, with proposals due by August 1, 2025. Potential bidders needing registration assistance can contact BidNet Direct's Support Department at 800-835-4603.

While specific set-aside designations are not explicitly mentioned in the documentation, the contract appears to be open to financial consulting firms with expertise in waste management financial modeling and strategic planning. The project aims to ensure financial transparency, stabilize ratepayer costs, and enable responsible long-term planning for capital and operational needs in a changing regulatory environment. Although no specific budget range is provided, the comprehensive nature of the required services suggests a significant scope of work that would likely require a substantial investment. The contract includes provisions for scenario planning support and as-needed consultation following the initial project phase, indicating potential for ongoing engagement. The solicitation emphasizes the critical nature of the project for Montgomery County's Solid Waste System, suggesting that qualified vendors with proven track records in financial modeling, municipal waste management, and strategic financial planning will be most competitive.