Broker Services for the Business & Real Estate Property & Casualty Insurance Program
- This RFQ had a pre-bid event.
- This RFQ was uploaded by the owner.
The Authority 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 Authority 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 Qualifications ("RFQ"): A bidder must first respond to the items listed under RFQ Submittal listed below.
2.Request for Proposals ("RFP"): The SDA will issue an RFP to firms that are shortlisted through the RFQ process.
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 [email protected] no later than 5 PM on Monday, June 20, 2011.
Firms may submit questions to the NJSDA by sending them by email to Megan Cox at [email protected] no later than 5 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 Proposal must be received by Wednesday, July 20, 2011
No Later Than 5:00 PM at
New Jersey Schools Development Authority
1 West State Street
(Wells Fargo Bank Building)
P. O. Box 991
Trenton, New Jersey 08625-0991
Interviews that must include, at a minimum, all Key Team Members listed in the RFQ, are currently scheduled for Wednesday, July 27, 2011 and/or Thursday, July 28, 2011 at the NJSDA Main Office, 1 West State Street, Trenton, NJ 08625. All Firms must participate in the interview process to be considered for the short list.
