Specifications include, but are not limited to: This agreement is intended to allow your firm to perform work with Indiana University in an expedited manner for the term of September 1, 2024 through August 31, 2026 per a mutually agreed compensation structure. There will be two tiers of compensation structure to this Master Agreement – please indicate in your responses if you are interested in one or both options. • Tier One will apply to efforts ranging up to a maximum total project cost of $2,000,000. The compensation structure for Tier One projects will be based upon a mutually agreed fee percentage. • Tier Two will apply to smaller projects including efforts of evaluation and feasibility. The compensation will be based upon an Hourly Rate Schedule that each respondent would provide in the proposal phase. Master Agreements will apply to all campuses; however, firms may indicate which campuses they are interested in supporting. Indiana University’s goal is to utilize this program for smaller capital projects, which historically has accounted for roughly $40 million a year. The workload will be distributed amongst participants in the multi-year program, and the majority of the projects will be identified by the end of October each year.
