Agency TRANSPORTATION DEPT

Contractor Iowa State University

SWIFT Contract Number 67102

Project Name Major Equipment Life Cycle Cost Analysis

Project Number (if applicable) 99004W08

Summarize purpose of the contract, including why it was necessary: Managing an agency's major equipment fleet is rife with conflicting priorities. One of the most important is the economic trade-off between capital cost of replacing a piece of equipment and the ownership costs of operating and maintaining it if the machine in question is retained for another year. Fleet management software based on basic engineering economic theory oversimplify this complex relationship by failing to account for non-financial input parameters, such as the agency’s sustainability goals, volatility of fuel prices, actual annual usage rates for seasonal equipment, etc. Thus, the research objective is to develop a robust method permit equipment fleet managers to maximize the cost effectiveness of the fleet by optimizing the overall life cycle value of each piece in the fleet.

Project Duration

Start Date Mon, 08/12/2013 - 00:00

Original end date Sat, 02/28/2015 - 00:00

Actual end date Thu, 04/30/2015 - 00:00

Did project finish on time? Yes

Total billable hours utilized (if applicable) {Empty}

Contract Amounts

Original contract: $97904.00

Amendments $0.00

Contract total $97904.00

Did project finish within budget? Yes

What was the funding source? LRRB

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 John Scharffbillig

Evaluator Email Address John.scharffbillig@minneapolismn.gov

Evaluate the contractor's timeliness Met the time lines

Evaluate the contractor's quality Average

Evaluate the contractor's cost Average

Evaluate the contractor's overall performance The university stayed on task working with Ed we made adjustment to time lines as need. It seems that there was confusion on both part of methodology for the project and how the tool was going to work for the end user.

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 3 - neutral