State of New Jersey - NJ Schools Development Authority
Contract No. Contract Name & Location School District
GP-0211-R01 Independent Auditor Services N/A


Pursuant to Governor James E. McGreevey’s Executive Order No. 122 (“EO 122”), effective on July 23, 2004, and Governor Jon S. Corzine’s Executive Order No. 37 (“EO 37”), effective on September 26, 2006, the Board of Directors (“Board”) of the New Jersey Schools Development Authority (“Authority” or “NJSDA”), by and through the Board’s Audit Committee (“Audit Committee”), seeks to engage a qualified Public Accounting firm (a “Consultant”), registered with the Public Company Accounting Oversight Board (“PCAOB”), to provide Independent Auditor Services. The NJSDA was established on August 6, 2007 to replace the New Jersey Schools Construction Corporation (“NJSCC”) pursuant to reform legislation (P.L. 2007, c.137) enacted by Governor Jon S. Corzine. As of the date of the legislation, the NJSCC was dissolved and all its functions, powers, duties and employees were transferred to the NJSDA. Organizationally, the Authority is situated in, but not of, the New Jersey Department of the Treasury. The firm selected as the Consultant shall be required to perform annual financial statement audits in accordance with all applicable professional standards and also in accordance with Government Auditing Standards. These services shall be required with respect to the Authority’s financial statements for its (calendar) fiscal years ending December 31, 2014, 2015 and 2016, with an option, exercisable solely by the NJSDA, for two one-year renewals covering the fiscal years ending December 31, 2017 and 2018. As provided in EO 122, the Consultant shall be responsible for: publicly attesting to the fairness of the Authority’s financial statements; considering the effectiveness of internal controls as a basis for designing audit procedures; and through the issuance of management letters, making comments and recommendations which, when implemented, would improve the design or operation of internal control systems.

Package Number: GP-0211-R01
Package Name: Independent Auditor Services
Contract Duration: Three (3) years; NJSDA option for two-one (1) year extensions
NJSDA Prequalification: None Required

The RFP package is 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 proposal must sign in electronically by sending a mandatory e-mail Notice of Intent to Participate to Daryl Johnson at no later than 5:00 PM Eastern Time on June 16, 2014.

Firms may submit written questions regarding this procurement to the NJSDA by sending them by e-mail to Daryl Johnson at no later than 5:00 PM Eastern Time on June 16, 2014. The questions and answers shall be provided via an addendum to the RFP to each firm that submitted a timely e-mail Notice of Intent to Participate.

Proposals must be received no later than 4:30 PM Eastern Time on July 8, 2014 and may be mailed or hand delivered as set forth in the RFP.

Proposing firms must submit a true copy of their valid business registration certificate issued by the New Jersey Division of Revenue and complete a Moral Integrity Questionnaire.

Evaluation Criteria: For this procurement, price shall be weighted as 20% of the overall score, and non-price factors shall be weighted as 80% of the overall score. Submissions that are not responsive will be rejected without evaluation. Responsive submissions will be ranked pursuant to the following evaluation criteria:

  1. Fee Proposal = 20% of Combined Score.
  2. Technical Proposal = 80% of Combined Score. The Technical Proposals will be evaluated in accordance with the following criteria:
    a) The Bidder's Demonstrated Ability and Qualifications to Conduct Governmental Financial Statement Audits, as Evidenced in Resumes and Case Studies (40 points);
    b) The Bidder's Documented Experience in Successfully Completing Governmental Financial Statement Audits of a Similar Size and Scope to the Work Required by the RFP, as Evidenced in Case Studies (25 points);
    c) The Bidder's Detailed Approach and Plans to Perform the Services Required by the Scope of Services (15 points);
    d) The Bidder's Familiarity with Federal and State Laws, Rules and Regulations Relevant to Governmental Financial Statement Audits, as Evidenced in Case Studies (10 points); and
    e) The Bidder's Quality of Response to the RFP Package (10 points)

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. 1975, c. 127 and P.L. 2005, c. 51, and implementing rules.


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