Explanation
This legislation authorizes the Director of Public Utilities (DPU) to enter into a contract with Raftelis Financial Consultants, Inc. for general financial services. The consultant will help with cost of service study updates, cost allocation plans, user fee studies, financial research, and more. Specifically, the City desires a fee study conducted on all fees charged by the Department’s Divisions. The consultant will review all fees and charges and recommend changes based on cost of service results or other calculations, and recommend the implementation of new fees if appropriate. These fees and charges may include, but are not limited to, meter service fees, system capacity fees, backflow fees, tampering/theft fees, front footage connection charges, and other permit fees.
PROCUREMENT:
The Department of Public Utilities solicited competitive bids through the Vendor Services and Bonfire websites from February 15, 2023 to March 17, 2023 for general financial services in accordance with the relevant provisions of Chapter 329 of City Code (RFQ024033). One (1) bid, by a majority vendor, was received. The bid was deemed responsive and was evaluated on March 20, 2023. The committee recommends that Raftelis Financial Consultants, Inc. be awarded the contract. The committee determined their proposal was strong because it demonstrated a full understanding of the scope of work and met the requirements of the RFP, and due to their strong project team with clear roles and responsibilities.
The term of the contract will be for one-year with two renewal options. For each year of the contract, funding is contingent on availability within the budget, mutual agreement between the parties, approval of City Council, and certification of funds by the City Auditor.
MINORITY AND WOMAN OWNED BUSINESS ENTERPRISE & SMALL LOCAL BUSINESS ENTERPRISE PROGRAM:
This contract opportunity was submitted to the City’s Office of Diversity and Inclusion (ODI) for review and ass...
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