Request for Quote: Impact Assessment of AgriFutures Investments

Overview AgriFutures Australia is seeking a respondent to conduct an impact assessment of five selected AgriFutures investments, including earlier phases of work where applicable. The analysis is to be conducted in line with the guidelines set by the Council of Rural Research and Development Corporations (CRRDC) for robust impact assessment. Purpose The impact assessment is required to demonstrate accountability to levy payers, industry stakeholders and government. The outcome will inform a broader conversation about project investment, monitoring and evaluation, and the overall economic value generated by the investment. It will also provide evidence to strengthen future investment planning, improve the collection of monitoring and evaluation information, and support transparent communication of investment performance to stakeholders. Scope The scope includes: Reviewing project documentation, including project plans, milestone reports, and final reports for each selected investment Discussing project delivery, adoption and benefits with the relevant AgriFutures project manager(s) and stakeholders Qualitatively mapping each investment's impact pathway through a logical framework, including activities, outputs and outcomes, to identify the principal impacts realised Undertaking structured consultation with relevant stakeholders (for example Advisory Panel members, exporters, levy payers, researchers) to validate assumptions and impact pathways Assessing investments quantitatively and qualitatively, including conducting cost-benefit analysis in accordance with CRRDC guidelines and estimating NPV, BCR, IRR and/or MIRR as appropriate Conducting sensitivity analysis on key assumptions, and documenting uncertainty, data limitations and risk drivers Providing recommendations for future improvements Producing a benefit-cost analysis (BCA) for each selected investment where sufficient evidence is available, or appropriate alternative assessment methods where a BCA cannot be calculated reliably Identifying lessons and practical recommendations to inform future investment decisions, including opportunities to strengthen impact pathways, adoption, monitoring and evaluation, and the evidence base for subsequent impact assessment Preparing an inception report outlining scope, methodology and stakeholder engagement approach Preparing a concise technical report detailing methodology, assumptions, results and implications for each investment, with raw data provided to AgriFutures for review Preparing a final report Presenting key findings to the Advisory Panel Contractor Requirements Individuals or organisations making a submission are required to have an understanding of the methodology behind RDC research, development and extension strategic plans and the CRRDC impact assessment guidelines Information Requested Respondents will be expected to provide: A detailed project plan, including timelines, methodology, and how the proposal will meet the requirements of the RFQ, addressing SMART (Specific, Measurable, Attainable, Relevant and Timebound) milestones aligned to the project deliverables An overview of the key personnel who will be assigned to the project, including their qualifications and relevant experience in conducting economic analyses for the agricultural sector or RDCs A detailed budget, with attachments included where relevant Examples of similar work the organisation or respondent has completed Information demonstrating capability and relevant experience Additional attachments may be included with the application in K2 if necessary. Following execution of the contract, or at the project inception meeting, AgriFutures Australia will provide project information, researcher contact details and a list of key stakeholders for all investments within the scope of the impact assessment. Contract Terms and Conditions The resultant contract is expected to commence on 18 December 2026 The expected project completion date is 28 May 2027 AgriFutures Australia uses standard form contracts and agreements for projects and research it procures (refer to agrifutures.com.au/legal). These set out the terms on which AgriFutures Australia will engage successful applicants to carry out the project Applicants must be familiar with the contracts and agreements before submitting a response and are advised to seek legal advice beforehand If amendments to the standard agreement are required, applicants must complete a statement of non-compliance for each relevant clause, which AgriFutures will assess. Applicants will be taken to have agreed to all clauses in the Service Provider Agreement not referred to in a statement of non-compliance. The extent of any non-compliance will be a factor in AgriFutures Australia's evaluation of the application Further information regarding these contracts and agreements can be obtained from Stephanie-Kate Bratton, General Counsel, AgriFutures Australia, email: stephanie-kate.bratton@agrifutures.com.au Instructions to Tenderers Applications for this Request for Quote must be submitted online using the application in K2. Indicative timeline for this RFQ: RFQ Applications Open: 3 November 2026 End of Period for Questions or Requests for Information: 12:00 PM (AEDT), 13 November 2026 RFQ Applications Close: 12:00 PM (AEDT), 20 November 2026 Intended Completion Date for Assessment of Proposals: 4 December 2026 Expected Execution of Contract or Issue of Agreement: 18 December 2026 Date of Commencement of Project: 18 December 2026 Expected Project Completion Date: 28 May 2027 A contract is expected to be awarded based on how well a respondent addresses the objectives of the open tender, with selection based on the evaluation criteria. A detailed response will be beneficial. Additional attachments may be included with the application in K2 if necessary. Evaluation criteria A respondent's response will be evaluated against the evaluation criteria identified below, and the overall proposition presented in the respondent's response. Mandatory requirements: Project plan: 50% weighting Capability and relevant experience: 20% weighting Ability to meet the requirements: 20% weighting Cost and value for money: 10% weighting Desirable requirements: Provide examples of your organisation's ability to provide a similar service Requests for clarification or additional information, together with the corresponding responses, will be published in the FAQ section upon receipt. Enquiries Enquiries about the RFQ, including requests for clarification or further information, must be submitted to: Ron Regan, Senior Manager, Impact and Insight Email: ron.regan@agrifutures.com.au Phone: 02 6923-6900