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Awarded contract·Metropolitan Government of Nashville and Davidson County·Tennessee

Financial Rate and Management Consulting Services

$3MAwarded 8/20/2026Single Award
Contract source

Description

This IDIQ solicitation calls for comprehensive financial‑rate and management consulting services for Metro Water Services, covering rate design, cost‑of‑service studies, budgeting, forecasting, bond‑related financial analysis, regulatory compliance, and public‑facing presentation support. The procurement is a competitive sealed‑proposal RFP administered through iSupplier, with a sealed‑response requirement and a 150‑day offer‑validity period. Evaluation is weighted 40 % cost, 20 % project approach, and 40 % qualifications/experience. Mandatory requirements include registration as a Municipal Advisor with the SEC/MSRB, extensive insurance coverage, and completion of numerous certifications and questionnaires. Two amendments were issued (pre‑offer PowerPoint and Q&A). The award is scheduled for mid‑August 2026, with the contract type being an Indefinite Delivery/Indefinite Quantity (IDIQ) arrangement, meaning work will be ordered via purchase orders as needs arise. No vendor information is disclosed in the provided documents. • Scope: rate design, cost‑of‑service, budgeting, forecasting, bond support, regulatory compliance, public presentations, training. • Procurement: sealed RFP, IDIQ, competitive, award based on cost and technical merit. • Key dates: solicitation open 7/10/2026, close 7/30/2026, intent‑to‑award 8/20/2026. • Mandatory: Municipal Advisor registration, $1‑M+ insurance limits, extensive certifications.

Attached files

Key dates

Bids closed
7/30/2026
Intent to award
8/20/2026
Awarded
8/20/2026
Contract modified
7/22/2026

Last updated

Details

Award type
Single Award
Procurement
Indefinite Delivery / Indefinite Quantity (IDIQ)
Industry
Consulting Services
NAICS
541618
Solicitation №
GG000089

Contract value

$3,000,000

The solicitation does not disclose a total contract value. However, typical IDIQ consulting engagements for municipal water utilities range from a few hundred thousand dollars per year to several million, depending on scope breadth and frequency of task orders. Given the extensive list of services (rate studies, budgeting, bond support, public presentations, training, regulatory compliance) and the expectation of multiple task orders over a multi‑year period, a reasonable ball‑park estimate would be between $2 million and $5 million over the life of the IDIQ. Assuming an average annual spend of $1 million to $1.5 million over a three‑year horizon yields roughly $3 million total. This estimate accounts for professional‑services rates, insurance, and overhead typical for large consulting firms serving municipal clients.

AI estimate from the award documents

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