Iowa State University Ionwave #RFQ-1001407

ISU Seeks Consulting Services for University Budget Model Review and Assessment

Iowa State University of Science and Technology (ISU) is seeking consulting services to review and assess its university budget model and related financial services. - Government Buyer: - Iowa State University of Science and Technology (ISU) - Office of the Senior Vice President of Operations and Finance - Procurement Services - Products/Services Requested: - Comprehensive consulting services to evaluate ISU's current budget model - Includes assessment of effectiveness, transparency, sustainability, and strategic alignment - Benchmarking against peer institutions - Analysis of revenue and cost allocation methodologies - Review of reserve policies and incentive structures - Stakeholder engagement, including on-site visits - Deliverables: project work plan, interim briefing, draft and final reports, executive presentation - Potential for additional related financial consulting services post-project - Estimated travel expenses for on-site stakeholder engagement (approximately 5 days) - Unique or Notable Requirements: - Demonstrated expertise in higher education finance, resource allocation models, and organizational change management - On-site stakeholder engagement required; travel expenses reimbursed per university policy - Submission must include detailed quotes, firm and project team qualifications, project approach, rate card, and compliance with ISU's insurance and general terms - No specific OEMs or named vendors are identified in the solicitation - Place of Performance: - Iowa State University of Science and Technology, Ames, Iowa - Contracting office located at 1919 Warren Madden Bldg, 2221 Wanda Daley Drive, Ames, IA 50011-1004

Description

Iowa State University of Science and Technology (ISU) is soliciting proposals from qualified contractors to conduct a comprehensive review of the University's current budget model. The scope includes evaluating the effectiveness, transparency, sustainability, and strategic alignment of the existing model, benchmarking against peer institutions, assessing financial sustainability, engaging stakeholders, and providing recommendations for improvements. The project involves reviewing financial data, analyzing revenue and cost allocation methodologies, assessing reserve policies, and delivering a written report with findings and recommendations. The engagement requires expertise in higher education finance and resource allocation models, with deliverables including a project work plan, interim briefing, draft and final reports, and an executive presentation.

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