Strategic Asset Management Framework and Capital Improvement Plan Development

Overview

Architecture, Engineering & Urban Planning

Poultney, Vermont, United StatesPosted about 1 month agoDeadline: May 11th, 2026

Fit Score

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SUMMARY

The Town seeks a provider to develop a Strategic Asset Management Framework and Capital Improvement Plan, including asset inventory, funding projections, and strategic recommendations.

KEY REQUIREMENTS

Must be a qualified consultant
Must provide proof of adequate insurance
Must submit proposal electronically in Adobe Acrobat .pdf or Microsoft Word .doc format
Must include description of proposed scope of work
Must include a table describing steps, tasks, associated costs, and time frame
Must include suggested modifications to deliverables with associated costs
Must include descriptions of similar projects completed
Must include contact information for three references from recently completed projects

BUDGET

Verified

$30,000

TIMELINE

March 23rd, 2026: Date Issued

April 13th, 2026: Questions Due

April 20th, 2026: Answers Available

May 11th, 2026: Proposal Due Date

May 15th, 2026: Award Date

Spring 2026: Consultant selection and contract execution

Summer–Fall 2026: Inventory, interviews, data gathering

Winter 2026–2027: Preliminary projections and working sessions

Spring 2027: Draft CIP released for public review

Summer 2027: Revisions and integration with FY28 budget cycle

Fall 2027: Final adoption and grant closeout

QUESTION DEADLINE

April 13th, 2026

Issuing Agency

The Town Of Poultney

Organization overview and procurement intelligence available on paid plans.

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DESCRIPTION

The selected vendor will develop a comprehensive Capital Improvement Plan (CIP) and a Strategic Asset Management Framework for the Town. The project entails compiling an asset inventory of all major capital assets, which includes buildings, vehicles, equipment, roads, and other municipal infrastructure.

Responsibilities include creating a detailed replacement schedule, and providing both 5- and 10-year funding projections, aiding in long-term financial planning. The vendor is expected to establish a strategic framework that will support the Town in prioritizing capital investments, with clear criteria for ranking projects, a range of funding strategy options, and identification of roles and responsibilities for ongoing asset management.

As deliverables, the vendor will prepare a draft Capital Improvement Plan that incorporates an asset inventory summary, a capital schedule, funding projections, a prioritized project list, and strategic recommendations to guide future decisions regarding capital investments.

Source attribution

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