The New Jersey Schools Development Authority (the “NJSDA”), presently maintains two separate insurance programs for its Business and Real Estate activities. Based upon the fluctuating inventory of real estate owned (REO) properties, the anticipated cost of insurance (inclusive of commission) is in the range of $800,000. The NJSDA is seeking to engage a Broker with the expertise to design a combined program that provides the broadest coverage at the most cost effective price. The selected Broker shall be responsible for the placement and service of the NJSDA’s Business and Real Estate Property and Casualty Insurance Program commencing on December 14, 2011 at 12:01 a.m. In addition, the selected Broker may be consulted to assess and/or procure additional risk and insurance needs as deemed necessary by the NJSDA.

This RFQ is the first of a two-step process outlined below:

1. Request for Qualification (RFQ). A Bidder must first respond to the items listed under RFQ aubmittal listed below.
   
   
2. Request for Proposal (RFP). The NJSDA will issue an RFP to firms that are shortlisted through the RFQ process
   
   

The contract will be as follows.

Package Number: GP-0173-R01
Package Name: Broker Services for the Business and Real Estate Property & Casualty Insurance Program
NJSDA Prequalification: None Required

The RFQ package is available on the NJSDA’s website.

The Request for Qualifications ("RFQ") are available at the link below:

Click here for electronic copies.



The NJSDA shall not hold a traditional Pre-proposal conference for this procurement. All firms wishing to submit a qualifications proposal MUST sign in electronically by sending a mandatory e-mail Notice of Intent to Participate to Megan Cox at mcox@njsda.gov no later than 5:00 pm on Monday, June 20, 2011.

Firms may submit questions to the NJSDA by sending them by e-mail to Megan Cox at mcox@njsda.gov no later than 5:00 pm on Monday, June 20, 2011. The questions and answers shall be provided electronically to each firm that submitted a timely e-mail Notice of Intent to Participate.

Qualifications Proposals MUST be received NO LATER than 5:00 PM on Wednesday, July 20, 2011, and may be mailed or hand delivered as set forth in the RFQ.

Proposing firms MUST submit a true copy of their valid business registration certificate issued by the New Jersey Division of Revenue.

Evaluation Criteria: Submissions that are not responsive will be rejected without evaluation. Responsive submissions will be ranked pursuant to the following evaluation criteria:

1. Understanding of the Purposes of this Engagement
   
2. Firm Experience - Case Studies
   
3. Experience of Key Team Members
   
4. Approach to Providing the Required Services
   
   

In addition, to be selected, a firm must be approved for moral integrity pursuant to a review by the New Jersey State Police, as set forth in the RFP. Bidders must comply with the requirements of P.L. 2005, c. 51, and implementing rules.

DATE ADVERTISED: June 8, 2011