Title
Dept/ Agency: Law
Action: ( ) Ratifying (X) Authorizing ( ) Amending
Type of Service: Exception to Public Bidding - Insurance Consultant Services per N .J.S.A. 40A:11-5(1)(m);
Purpose: Authorizing Competitive Contracting per N.J.S.A. 40A:11-4.1(i) and City of Newark Ordinance 2:4-22E (Procurement of Insurance Brokerage Services Through Competitive Contracting Processes)
Entity Name: N/A
Entity Address: N/A
Contract Amount: N/A
Funding Source: Insurance Fund Commission
Contract Period: N/A
Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS
( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ
( ) Private Sale ( ) Grant ( ) Sub-recipient ( x ) n/a
Additional Information:
Workers' Compensation Third-Party Claims Administration (including Cost Containment) Services)
body
Whereas, the Legislature, has provided municipalities with the ability to procure insurance, including the purchase of insurance coverage and consultant services, as an exception to the public bidding requirements of the Local Public Contracts Law, N.J.S.A. 40A:11-5(1)(m); and
WHEREAS, N.J.S.A. 40A:11-4.1(i), specifically authorizes municipalities to use competitive contracting for any goods or services that is exempt from bidding pursuant to N.J.S.A. 40A:11-5; and
WHEREAS, the Municipal Council has also adopted R. O. 2:4-22E (Procurement of Insurance Brokerage Services Through Competitive Contracting Processes), which requires the use of the competitive contracting process set forth in N.J.S.A. 40A:11-4.3, 4.4 and 4.5, for insurance consulting services, which includes by definition therein "risk management or administrative services, and claims processing or administration services..."; and
WHEREAS, the City of Newark is in need of Workers' Compensation Third-Party Claims Administration (including Cost Containment) Serv...
Click here for full text