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Awarded contract·North Dakota Department of Commerce – Economic Development & Finance·North Dakota

Intellectual Property Valuation

Won by Tremonti Consulting LLC$350kAwarded 5/22/2026Single Award
Contract source

Awarded vendors

  • Tremonti Consulting LLC

Description

The State of North Dakota is procuring a firm‑fixed‑price consulting engagement to value the intellectual‑property (IP) portfolio associated with the Vantis Beyond Visual Line of Sight (BVLOS) unmanned aircraft system. The contractor will deliver a single aggregate fair‑market‑value estimate for roughly 50 IP assets, develop a dynamic valuation model (preferably income‑approach), and provide a written report plus a final presentation. Work is remote, coordinated with the Department of Commerce, UND, and the Northern Plains UAS Test Site, and must comply with indemnification, insurance, and anti‑boycott‑Israel requirements. • Scope: aggregate IP valuation, cost model, dynamic model, final report & presentation. • Timeline: proposal deadline April 30 2026; award intent May 22 2026; contract period May 12 – July 15 2026 (optional 12‑month extension). • Requirements: ≥ 4 years IP‑valuation experience, $2 M insurance, work‑for‑hire, confidentiality, and registration in NDBuys.

Attached files

Key dates

Bids closed
4/30/2026
Intent to award
5/22/2026
Awarded
5/22/2026
Contract modified
4/16/2026
Starts
5/18/2026
Ends
7/15/2026Renews
Duration
2 months

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Consulting Services
NAICS
541618
Solicitation №
SRC000112

Contract value

$350,000

No dollar amount is disclosed in any of the documents. Typical IP‑valuation engagements for a portfolio of ~50 assets, performed by a qualified firm over a two‑month period, range from $200k to $500k depending on complexity, data availability, and required dynamic modeling. Considering the need for a dynamic valuation model, weekly coordination with three partners, and required insurance coverage, a reasonable midpoint estimate is about $350,000. This aligns with typical professional‑service rates (≈ $250‑$300 per hour) for a senior valuation team averaging 150‑200 billable hours.

AI estimate from the award documents

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