Study to Evaluate Methods to Calculate Area Median Income in Washington

The Washington Department of Commerce has issued a Request for Proposals (RFP) to conduct a study of current and alternative methods for calculating Area Median Income (AMI) in Washington state. The study will have five key objectives: identifying alternative AMI calculation methods, applying and comparing those methods, evaluating the impact and feasibility of the alternatives, gathering stakeholder feedback, and providing comprehensive recommendations. The selected contractor will be required to provide deliverables such as a draft report, final report, PowerPoint presentation, and live presentations to stakeholders. The contract period is tentatively scheduled from September 18, 2024 to June 30, 2025, with the possibility of two one-year extensions. The RFP has a mandatory requirement that the contract be awarded to the highest-ranked responsive and responsible Small or Veteran-Owned Business, unless no such proposal was received. COMMERCE has budgeted up to $225,000 for this project. Proposals will be evaluated based on technical, management, and cost criteria, and COMMERCE may require virtual presentations from top-scoring bidders prior to making the award decision.

The RFP is open to all qualified applicants, with a preference for proposals from Small or Veteran-Owned Businesses. There are no identified incumbent vendors or current contractors, and the RFP does not mention any existing infrastructure or technology that requires integration. The budget range for this project is up to $225,000.