Fare Elasticity Study Consultant Services

The St. Lucie County Board of County Commissioners, acting as the government authority in Fort Pierce, Florida, is seeking a consultant to conduct a fare elasticity study. The agency needs to estimate how transit ridership responds to fare implementation, fare increases, and fare restructuring. Through this study, the agency aims to obtain actionable insights and guidance to support data-driven fare policy decisions and future planning initiatives. The scope of work requires the selected consultant to develop a project management plan containing schedules, milestones, and communication protocols. The consultant must perform a data inventory and assessment, develop an analytical framework using econometric models or timeseries and panel data analysis, and test multiple fare scenarios. Additionally, the project covers quantifying fare elasticity of demand across different services and rider segments, conducting scenario analyses, and creating executive presentation materials. The agency has established a contract period of one year for this project. Eligible bidders must be onshore organizations based in the United States. The agency allows the selected contractor to perform all work offsite. Bidders must submit their proposals digitally via email or through an online portal, and the agency is currently requesting proposal pricing to determine the budget.