RFP No. 245026 Urban Renewal Financial Analysis Consultant

The City of Salem, Oregon has issued Request for Proposals (RFP) No. 245026 for an Urban Renewal Financial Analysis Consultant, seeking a Consultant of Record (COR) to provide continuing urban renewal financial analysis services for Marion County. The selected consultant will be responsible for preparing urban renewal area feasibility studies, financial forecasts, updating and analyzing tax increment projections, and conducting financial analysis to support the creation and amendment of urban renewal areas. Proposals must be submitted by May 10, 2024, at 4:00 PM local time, with the City anticipating contract award in June 2024 and a notice to proceed by July 1, 2024. The initial contract term is one year, with the potential for up to four additional one-year renewals. Evaluation criteria will include the proposer's organizational structure, staff qualifications and experience, ability to deliver projects on schedule and on short notice, degree of support required from City staff, and proposed fee schedule. The City reserves the right to award the contract to the proposer deemed most qualified, which may not necessarily be the lowest-cost proposal.

The RFP does not specify any set-aside designations or restrictions on the types of organizations that can respond to the solicitation. No incumbent vendors or current contractors are listed in the documentation. The RFP does not provide a specific award value or budget range for the urban renewal financial analysis consulting services. The City of Salem will select a consultant based on comprehensive qualifications and approach rather than focusing solely on pricing. Tiberius Solutions has been recommended for contract award on June 25, 2024, subject to final approval. The procurement appears to be open to various consulting firms with expertise in urban renewal financial analysis, tax increment projection, and related municipal financial services. The contract will require the selected consultant to work closely with the City of Salem's urban renewal planning and financial teams to support ongoing economic development initiatives.