Water Sewer Rate Study Service

The Town of Lexington, Massachusetts is seeking professional consulting services to examine and analyze its current water and sewer enterprise fund financial condition and utility rate structure. The agency needs to ensure long-term financial stability for these funds, covering both operations and capital investments. To solve its current financial and operational challenges, the town requires a modified rate structure that reflects municipal priorities and a transition plan to migrate billing cycles from semi-annual to quarterly. The scope of work requires a comprehensive review of the water-sewer budget and actual expenses for prior years, projected operational expenses, capital spending, long-term plans, debt service, reserve levels, and revenue collections. The selected contractor must identify and document all current revenue streams and rates for the town water and sewer enterprise funds. Additionally, the project covers the identification and analysis of all related costs associated with providing these services, including personnel, operating expenses, capital investment, debt service, and indirect charges. Eligibility is restricted to onshore organizations based in the United States. The agency permits the performance of the work to be conducted offsite. The town is currently looking for proposals to determine the budget for this project, and no specific key dates or explicit evaluation criteria are provided in the sourcing details.