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Kentucky Tourism, Arts & Heritage Cabinet·Kentucky

Tourism Development Act Applicant Financial Reviews

Closes 4/8/2026$100k – $500kRequest for Proposal
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Description

The Tourism, Arts & Heritage Cabinet is seeking multiple vendors to provide consulting services to evaluate Kentucky Tourism Development Act (KTDA) applications. The selected vendors will review and analyze information provided by applicants, collect and analyze additional information, and perform relevant statistical analysis to determine if proposed tourism development projects meet the requirements of the program. The scope of work includes reviewing the information provided by the applicant, collecting and analyzing additional information, and performing relevant statistical analysis to determine if the proposed tourism development project will attract the minimum required percent of out-of-state visitors, have costs in excess of the minimum amount required, have a net positive fiscal impact on the Commonwealth, produce sufficient revenues and public demand to be operating and open to the public for a minimum required number of days per year, and will not adversely affect existing employment in the Commonwealth. Some key points to consider: * The initial term of the contract is from July 1, 2026, through June 30, 2028. * The consultant will review the information provided by the applicant, collect and analyze additional information, and perform relevant statistical analysis. * The consultant will prepare an occupancy study to determine the percentage of rooms occupied by other lodging facilities with comparable accommodations. * The consultant will submit a full, written report and present findings at a public meeting of the KTDFA. * The Cabinet reserves the right to reject any proposal that is incomplete or contains significant inconsistencies or inaccuracies.

Attached files

Contact

Vickie Cravens(Procurement Officer)

[email protected]

(502) 782-2646

Key dates

Opened
2/23/2026
Questions due
3/4/2026
Pre-bid meeting
3/19/2026
Closes
4/8/2026
Duration
24 months

Last updated

Details

Type
Request for Proposal
Industry
Consulting Services
NAICS
541611
Solicitation №
RFP-850-2600000265-1

Budget estimate

$100,000 – $500,000

The budget for this opportunity is difficult to estimate as the cost of each project will vary based on the complexity and timing of the project. However, considering the scope of work and the requirement for the consultant to have experience in economic and fiscal impact analysis, financial analysis, and the tourism industry, it is likely that the budget will be substantial. A possible estimate could be in the range of $100,000 to $500,000 per year, depending on the number of projects and the level of complexity. The factors that may influence the likely payment range include the number of projects, the complexity of the projects, the level of expertise required, and the timeline for completion.

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