Agency Employ & Econ Development Dept

Contractor IHS Consulting

SWIFT Contract Number 2-2903; 3000172834

Project Name North Dakota Oil Study

Project Number (if applicable) {Empty}

Summarize purpose of the contract, including why it was necessary: Evaluate the economic effects of North Dakota oil on Minnesota's economy. The study was statutorily mandated in 2014 Session Laws, § 308/HF 3167, Art. 2, Sec. 20.

Project Duration

Start Date Fri, 08/28/2015 - 00:00

Original end date Tue, 06/30/2015 - 00:00

Actual end date Tue, 06/30/2015 - 00:00

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $248896

Amendments {Empty}

Contract total $248896

Did project finish within budget? Yes

What was the funding source? legislative appropriation

Is this a sole source contract? No

If this was a single source contract, explain why the agency determined there was only a single source for the services (if applicable) {Empty}

Evaluator Name Neal Young

Evaluator Email Address neal.young@state.mn.us

Evaluate the contractor's timeliness The work was not completed by the legislative deadline; however this was due to extenuating circumstances. The contractor asked for and received additional time to incorporate multiple oil price scenarios after oil prices dropped substantially in late 2014.

Evaluate the contractor's quality The quality of the work was very good. The contractor brought expertise in several areas (petroleum industry, transportation, agriculture, and economic analysis) to the table. All personnel were highly skilled in their field, which brought a breadth to the quality of the analysis.

Evaluate the contractor's cost The cost of the project was reasonable given the extensive analysis required.

Evaluate the contractor's overall performance IHS' overall performance was very good. They could have stuck to the contract when oil prices declined, but they wanted the product to be relevant, so they provided three scenarios. This resulted in a far superior end product.

Would you engage the contractor's services again? Yes

Describe any negative action taken during the duration of this contract (i.e., termination, pursuit of suspension, etc.): {Empty}

Please rate the overall experience with the contractor 5 - very satisfied