RFP 160519 Economic Market Analysis

The Virginia Department of Transportation (VDOT) is seeking proposals to perform an Economic Market Analysis that will support cost estimating, budgeting, forecasting, and planning for upcoming transportation projects. The analysis will identify critical resource shortages, market cost trends, and provide data-driven insights to aid VDOT’s project delivery and financial planning. This effort is a non‑technology, non‑professional services contract focused on market research and analysis. • Deliver a comprehensive market analysis covering labor, materials, equipment, and subcontractor costs relevant to VDOT projects. • Identify current and projected resource shortages and cost escalation factors across the state. • Provide actionable recommendations for VDOT’s cost estimating and budgeting processes.