Regents to Hire Consultant for Cutting Costs
IOWA CITY, Iowa (AP) — The Iowa Board of Regents has selected a consultant to conduct a wide-ranging review of the state's three public universities to look for ways to cut costs.
The regents voted Tuesday during a conference call to hire Deloitte Consulting for the review, which is expected to scrutinize everything from academic programs to student services.
Deloitte beat out nine other companies that submitted proposals for the work.
The company's contract is expected to initially cost about $2.5 million. Board President Bruce Rastetter said he believes the review will result in six to 10 times as much in savings.
The board's request for proposals sought a consultant to "build a business case for cost savings" by looking at staffing levels, performance, organization and operations.
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