Specifications include, but are not limited to: The offeror must provide detailed forecasts and analyses of the national, regional, and North Dakota economy. Analyses must relate to the general economic conditions, demographic trends, and job prospects for the U.S. and the State of North Dakota. The data must include recent historical trends, key assumptions, forecasted changes in various state tax revenue, and a discussion of potential forecast risks for the STATE. The offeror must provide forecasts of the state’s detailed tax revenue and energy forecasts 4 (four) times a biennium as outlined in 3.1, B, Contract Schedule. Tax revenue forecasts must be provided by the offeror for the following sectors. Sales and use; Wholesale liquor and beer; Personal and corporate income; Motor vehicle sales; Other series; Oil price based on West Texas Intermediate; State forecast tables must be produced for the major economic indicators, at a minimum to include: Gross State Product (GSP), employment data, labor force data, personal income, wages and salaries, and population. They must be projected by the offeror’s model each month with comparative tables for the U.S. and the region. All forecast and historical tables must be made available in electronic format. For each forecast, the Offeror must provide a Forecast Report that summarizes the: Forecast assumptions, detailed tax revenue forecast, energy forecast, major economic indicators, and crop and livestock price and production forecasts. As part of the services to the STATE, the STATE must have a subscription for at least 5 (five) users, to all pertinent data, analysis, forecasts (i.e., U.S. economic forecast hard copy or online publication). At no cost to the STATE, provide a sample of your U.S., regional, or State (preferably all three) economic publications or data available through a subscription service. Describe the frequency of your publications.
