Rates Review and Cost Recovery Support Services

The South Carolina State Government in Columbia, SC, requires rates review and cost recovery support services to manage its service pricing and financial planning. The agency needs to execute and improve its existing process for annual rate reviews and updates while ensuring that service rates properly recover costs and capital planning requirements. This initiative aims to integrate rate tracking, reporting, review, and update processes into the overall IT Business Management technologies. The scope of work covers reviewing the rate allocation model annually based on cost projections and industry best practices. The selected vendor must conduct annual market comparisons of existing rates to ensure cost-competitiveness and incorporate customer input into the rate review and revision process. Additionally, the project requires supporting the agency Finance team through invoicing, billing, budgeting, rate updating, and implementation cadences, alongside performing ongoing knowledge transfer. Eligible bidders must be onshore United States organizations only. The agency requires the selected vendor to perform all work offsite at the vendor's own office location. The agency is currently looking for proposals to determine the budget for this engagement. The agency will host a pre-bid conference on June 23, 2026. Bidders must submit all questions regarding this opportunity no later than June 24, 2026. The agency has not disclosed specific evaluation criteria beyond these submission requirements.