Tax Increment Financing Analysis Consultant

Colorado's Office of Economic Development and International Trade (OEDIT) is soliciting proposals under RFP EDAA 2027000050 for tax increment financing (TIF) analysis consultant services, with proposals due November 20, 2026 at 2:00 PM Mountain Time and a virtual public opening at 3:00 PM the same day. The solicitation carries no set-aside, but a Service-Disabled Veteran Owned Small Business (SDVOSB) certification goal of at least 3% of contract value applies. Modification 1, published November 6, 2026, is the current version of the solicitation.

The work supports the Transit Investment Area Act (HB26-1065). Phase 1 covers baseline growth rate assessments for each proposed Transit Investment Area, including data gathering, economic modeling, and a written report. Phase 2 covers economic analysis reports for each Transit Investment Project, including state sales tax increment revenue projections and evaluation of legislative criteria. Key personnel must have at least five years of experience in financial modeling and economic analysis of TIF districts, plus formal education or training in related fields. Preferred qualifications include advanced training in data analytics or quantitative economic policy modeling and more than eight years of expertise. Offerors must submit three examples of similar projects completed within the last ten years, end-of-year financial statements, and disclosure of current or pending Colorado state and local TIF or transit-oriented development contracts. Required insurance includes $1 million professional liability and Protected Information Insurance of $1 million per occurrence and $2 million aggregate, which covers confidential sales tax data from the Department of Revenue. Offerors may not perform economic analysis for Transit Investment Areas or Projects applying to this program outside this contract.

Phase 1 is capped at $7,500 per report and Phase 2 at $60,000 per report, both priced as fixed-price rates. The contract term is two years, with performance at the offeror's primary business address and/or virtually. The consultant must attend a minimum of two Economic Development Commission meetings, which the Q&A specifies as virtual for Phase 1 and one in-person meeting for Phase 2. Phase 1 is contracted directly with OEDIT, while local government applicants contract with and pay the consultant directly for Phase 2 under separate agreements. The award is a cooperative purchasing agreement available to other state and local agencies and political subdivisions. OEDIT anticipates approximately six pre-applications in the first year and six to 12 over two calendar years, and it may award to multiple offerors.

Proposals are evaluated for capability, approach, prior project examples, key personnel experience, and compensation structure, in that order, with pricing assessed only after qualifications. Proposals are capped at 20 pages, excluding cover pages, tables of contents, and section dividers. Submissions go through Box.com, and contact is restricted to the OEDIT Purchasing and Contracts Office email. The notice of award is estimated by December 29, 2026, and contract finalization by January 29, 2027.