Consulting Contract Return on Investment Justification Form

Requester Information
Name of Requester * Required
First Last
Requester Phone Number
Requester Email * Required
Department
Department Buyer Name * Required
First Last
Consultant Information
Individual Consultant or Consultant Group Name * Required
Main Contact Phone * Required
Main Contact Email * Required
Address
Street Address Address Line 2 City State / Province / Region ZIP / Postal Code Country
Service to be Provided * Required
The service that is being provided by the Consultant.
Term of Service * Required
How long the Consultant will be providing the services? Format: MM/DD/YYYY - MM/DD/YYYY
Not To Exceed (NTE) Fee Amount * Required
Format $1,234.56
Does Consultant/Contractor Accept Credit Card Payment? * Required
- Yes
- No
Consulting Return on Investment Justification
The Commonwealth of Virginia laws mandate Higher Education to maximize competition in the procurement process. Exemptions from competition must be fully justified, documented and pre-approved. Consulting services valued up to $100,000 are exempt from competition, however, all Consulting services valued above $10,000 require a completed return on investment justification prior to procuring.

The following is a list of questions which will substantiate a Consulting procurement and ensure a Return on Investment for the University. Please attach to this form and any additional documents as necessary to fully answer all questions.

DISCLAIMER: Before procuring the services of the above reference Consultant, a Consulting Contract must be created and executed by Procurement Services.
Briefly, provide an explanation for the need for consulting services. * Required
Briefly, provide a background on the expertise of the chosen consultant. * Required
Why was this specific Consultant selected? What other Consultants were considered? What attributes of this Consultant prevailed above and beyond those of other similar Consultants? * Required
How was the fee for the consultant determined? What effort was made by the University to negotiate this fee? Please explain why the fee is considered fair and reasonable for the University. * Required
What is the expected return on investment or value add for the University? What should the University expect to gain from this relationship relative to the expense? * Required
Attachments: (W9, contract, scope of work, quote, etc.) * Required
Max. file size: 5 MB.
Please provide any attachment files necessary for evaluation of this request.

See Accounts Payable for their Independent Contractor Questionnaire and Guide.

Consulting Contract Return on Investment Justification Form

Requester Information

Consultant Information

Consulting Return on Investment Justification

Foundations of Procurement

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