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California State Controller·California

CANCELLED Economic Advisory Services

Closes 5/13/2026$500k – $1.5MRequest for Proposal
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Description

The State Controller’s Office sought a qualified economic‑consulting firm to deliver comprehensive forecasting and advisory services for California’s fiscal planning. The contractor would produce monthly cash‑flow forecasts, quarterly economic condition reports for the Council of Economic Advisors, and provide ad‑hoc analysis of emerging fiscal issues. The work also required refinement of existing forecasting models, training of SCO staff, and monitoring of state, federal, and global economic trends affecting key sectors such as technology, agriculture, and tourism. The engagement was structured as a three‑year professional services contract with options for amendment, and the solicitation was cancelled before award. • Monthly economic and cash‑flow forecasts, plus real‑time advisory support. • Quarterly comprehensive reports and participation in Council of Economic Advisors meetings. • Model refinement, staff training, and sector‑specific policy impact analysis. • Delivery of data visualizations, briefing materials, and risk scenario assessments.

Attached files

Contact

SCO Bids

[email protected]

Key dates

Opened
4/10/2026
Questions due
4/20/2026
Closes
5/13/2026
Projected award
5/26/2026
Duration
3 years

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541618
Solicitation №
ESAR90425

Budget estimate

$500,000 – $1,500,000

The RFP did not publish a ceiling price; however, similar three‑year economic‑consulting contracts for a state agency typically range between $500 K and $1.5 M depending on hourly rates, staff seniority, and scope breadth. Assuming an average hourly rate of $150–$250 for senior economists and a workload of ~4,000 hours per year, the total contract value would fall in that ballpark.

AI estimate from the solicitation

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