Stormwater Utility Financial Consulting Services

Solicitation Number

274-SM2025-0007

Department

Status Reason

Open

Opening Date

2025-09-05T17:00:00.0000000

Posted Date

2025-08-07T13:50:01.0000000Z

Commodity Code

Mandatory Conference/Site Visit

Special Instructions

Javier Echaniz Stormwater Fiscal Manager Email: javier.echaniz@RaleighNC.gov

Description

Seeking the most qualified firms with which to contract for stormwater utility financial consulting services. Qualified firms will offer and integrate stormwater utility financial and stormwater program management experience and expertise. Financial consulting services that may be required over an anticipated multi-year period consist of the following: • Manage an integrated Stormwater Program financial and user fee rate model, including modifications and updates based upon city review and feedback; • Apply the financial / user fee rate model in evaluation of stormwater program scenarios; • Develop financial pro-forma statements and make modifications as required to reflect alternative scenarios; • Review the Stormwater Management Division’s financial policy and financial position and make recommendations associated with utility financial management guidelines; • Perform program cost of service studies associated with varying extent and level of service options; • Evaluate stormwater utility user fee rates, rate structures, and charges associated with varying extent and level of service options; • Develop and recommend future funding and financing options for the stormwater capital improvement program; • Provide consulting support for potential future revenue bond sales to support the capital improvement program, including preliminary feasibility studies and pre-revenue bond program planning; • Provide general utility financial consultation services • Conduct program financial benchmarking and performance metrics development, review, and evaluation for continued internal tracking and for comparison to peer stormwater utilities.

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