Opportunity
Sound Transit Biddingo #RP 0043-24
Sound Transit seeks on-call consulting for Portfolio Management Office (PMO) framework development and implementation.
Posted
April 18, 2024
Respond By
May 24, 2024
Identifier
RP 0043-24
NAICS
541611, 541618
Sound Transit, the Central Puget Sound Regional Transit Authority, is seeking proposals for on-call consulting services to develop and implement a Portfolio Management Framework for its Portfolio Management Office (PMO). - Government Buyer: - Sound Transit (Central Puget Sound Regional Transit Authority) - Portfolio Management Office - Contact: Kiyomi Nuez, Sr. Contracts Specialist - Scope of Services: - Strategic consulting to create and implement a standardized portfolio management structure and governance - Support for project and program delivery, resource optimization, change management, and performance reporting - Development of business processes, governance, and enduring functions for managing current and future portfolios - On-call contract administration, risk management, and management of consultant employees and subconsultants - Portfolio management support including planning, cost and schedule management, risk and value management, delivery packaging, safety, interface management, quality assurance, rail activation, and project closeout - Training development and support for related agency programs - Contract Structure: - Five-year base term with two optional one-year extensions - Work performed via task orders; may be onsite, remote, or hybrid - Pricing based on fully burdened hourly rates with possible escalation for option years - Notable Requirements: - No specific OEMs or vendors named; this is a consulting services solicitation - Submission of price sheet, acknowledgment forms, and compliance with public disclosure and diversity program guidelines - Contract may be awarded to one or multiple vendors - Estimated Contract Value: - Not-to-exceed $10 million - No physical products or part numbers requested; focus is exclusively on consulting services
Description
Sound Transit is seeking proposals from firms to provide consulting services for the strategic development and implementation of a Portfolio Management Framework. The framework will support agency project and program delivery and other strategic initiatives by creating a standardized portfolio management structure and governance. The consultant will help optimize resources and implement enduring business functions to manage current and future portfolios aligned with agency objectives. The contract term is five years with the possibility of two additional one-year extensions at Sound Transit's discretion.