Awarded 31 Jan 2025
This is an awarded contract.
View Live TendersEconomic Modelling Services and Training for VURMTAX Model by Victoria University
About
Department of Treasury and Finance awarded a contract to Victoria University for economic modelling services, including the licensing, delivery, and maintenance of the Victoria University Regional Model with Tax Detail (VURMTAX) and associated software (GEMPACK and RunDynam) for a three-year period.
The model was customized to represent Tasmania and the rest of Australia, with site-wide, unlimited use.
The contract also included comprehensive on-site training for up to 10 staff members during the first year.
This contract leverages academic expertise for regional economic analysis, highlighting the value of specialized modeling tools in government policy planning.
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