Fare Elasticity Study Consultant Services

The St. Lucie County Board of County Commissioners, located 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 and restructuring to support data-driven fare policy decisions. This study will help the agency assess ridership sensitivity, quantify the fare elasticity of demand across different services and rider segments, and obtain guidance for future fare policy decisions. The selected consultant must perform all work offsite over a one-year contract period. The scope of work requires the developer to create a project management plan with schedules, milestones, and communication protocols. Additionally, the consultant must conduct a data inventory and assessment, develop an analytical framework using econometric models or timeseries and panel data analysis, and test multiple fare scenarios. The final deliverables must include elasticity estimations, scenario analyses, executive presentation materials, and integration strategies for broader fare policy or service planning initiatives. Only onshore organizations based in the United States are eligible to bid on this opportunity. Bidders must submit their proposals digitally via email or online, and the agency is currently requesting budget proposals to determine the cost of these services.