The vendor required to provide tax consultant to identify and obtain all design and construction related tax deductions, credits and incentives that are applicable to the design and construction of the city.
- Tax incentive research and identification
• Clean energy and sustainability: incentives under the inflation reduction act (IRA) for clean energy investments, such as solar panels, geothermal systems, and energy-efficient building materials, possibly including "direct pay" provisions for non-profits and government entities.
• School construction bonds: federal programs for school construction bonds, including reviewing historical bond programs and any potential new opportunities.
• Federal grants: specific grant programs for energy efficiency upgrades or infrastructure, such as the department of energy's renew program.
• Special tax districts: eligibility for state or local programs that provide tax credits for projects in specific economic or tax incentive zones.
- Financial analysis and optimization
• Provide a detailed financial analysis of the identified tax incentives, estimating the potential monetary value and impact on the overall project budget.
• Work with the town's project team, including designers and the owner's project manager (OPM), to optimize project plans and specifications to maximize eligibility for incentives.
• Develop a financial roadmap and timeline for securing and monetizing the incentives.
- Application and compliance support
• Prepare and assist in the submission of all necessary applications, registrations, and documentation to federal and state agencies to claim eligible incentives.
• Provide guidance on all compliance requirements, including prevailing wage and apprenticeship mandates related to federal programs.
• Assist the town with required post-construction reporting and audits to maintain compliance.
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