Budget Model and Financial Consulting Review Services

Overview

Management Consulting & Admin Support

Ames, Iowa, United StatesPosted 7 days agoDeadline: May 28th, 2026

Fit Score

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SUMMARY

A university in Ames, Iowa is seeking consulting services for a comprehensive review and assessment of its current budget model, including recommendations for improvement.

KEY REQUIREMENTS

Must have demonstrated expertise in higher education finance
Must have expertise in resource allocation models
Must have expertise in organizational change management
Must have prior experience leading consulting efforts for similar higher education budget model reviews
Must comply with Iowa State University insurance requirements
Must be able to conduct on-site visits for stakeholder and leadership engagement
Must be able to provide a full rate card for additional services

BUDGET

Estimate

$150,000 – $300,000

CONTRACT DURATION

5 months

TIMELINE

Issue Date: April 30th, 2026

Questions Deadline: May 14th, 2026

Response Deadline: May 28th, 2026

Estimated Project Start: July 2026

Final Deliverables Due: December 11th, 2026

QUESTION DEADLINE

May 14th, 2026

Issuing Agency

Iowa State University

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

A government authority in Ames, Iowa seeks a vendor to conduct a comprehensive review of a university's current budget model. The objective is to ensure efficient use of financial resources by evaluating the effectiveness, transparency, sustainability, and strategic alignment of the existing budget system. Vendors will assess the model's structure, underlying assumptions, allocation methodologies, and governance.

This assessment will include a review of revenue distribution, cost allocation, and incentive structures. The vendor should also examine transparency, predictability, usability, and the governance structure, including the budget development timeline. Additional tasks consist of benchmarking the current model against peer institutions, evaluating financial sustainability, and engaging stakeholders via interviews or focus groups with senior leadership, deans, department chairs, and finance personnel.

The selected partner will provide recommendations, data, and scenarios in support of financial modeling for potential improvements to the budget model.

Source attribution

This Settle analysis is based on the issuing organization’s public RFP listing.