Economic Evaluation Tool for Transportation Projects

Overview

Data Analytics, AI & Cloud Hosting

Texas, United StatesPosted 20 days agoDeadline: May 15th, 2026

Fit Score

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SUMMARY

Seeking a vendor to develop an economic analysis tool for transportation projects in Texas, featuring travel demand modeling and assessment of multiple economic benefits.

KEY REQUIREMENTS

BUDGET

Verified

$650,000

CONTRACT DURATION

6 months

TIMELINE

Issue Request for Proposals: April 17th, 2026

Last Day to Submit Questions: April 24th, 2026

NCTCOG Q&A Posted to Website: April 29th, 2026

Proposals Due & Proposal Public Opening: May 15th, 2026

Consultant Selection Committee: June 8th, 2026

Interviews (if needed): June 8th, 2026

NCTCOG Committee Approval: July 2026

Execute Contracts: July 2026

QUESTION DEADLINE

April 24th, 2026

Issuing Agency

North Central Texas Council Of Governments

Organization overview and procurement intelligence available on paid plans.

See Issuer Research

DESCRIPTION

This RFP seeks a vendor to provide an economic evaluation tool tailored for transportation projects in Texas. The solution must offer comprehensive economic analysis capabilities to assess the impacts of various transportation plans or policies using a broad set of economic performance metrics.

The tool should incorporate a four-step travel demand model for weekday travel, converting transportation improvements—such as changes in Vehicle Hours Traveled, Vehicle Miles Traveled, and trip patterns—into monetary and non-monetary benefits. These include passenger cost savings, travel time savings, safety improvements, market access enhancement, emissions reductions, fuel and maintenance savings, accessibility and productivity gains, and reliability enhancements.

The model is required to utilize survey and empirical data, leveraging a complex network of roadway and transit links to produce reliable estimates of future regional travel demand, factoring in demographic and land use changes. All technical questions concerning the project must be submitted by April 24, 2026.

Source attribution

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