About this opportunity
AI summaryThe Statewide Insurance Fund seeks a vendor to provide auditor services for the 2027 fund year commencing January 1, 2027. Bidding is open to onshore, USA-based organizations, and work will be performed offsite. Vendors must submit proposal details including professional resumes, resources, New Jersey presence, set-aside program status, references, cost details per fund year, and eleven completed compliance forms. Proposals require one original paper copy delivered in a sealed envelope marked "Vendor Proposal" to Caroline J. Conboy, Administrator, in Parsippany, NJ. Responses are due by November 12, 2026, at 2:00 p.m., with no faxed or emailed submissions accepted. Proposals will be evaluated based on qualifications, experience and references, ability to provide timely services, and cost considerations. The contract term runs from January 1, 2027, through December 31, 2027.
Buyer and opportunity details
- Client
- Statewide Insurance Fund
Scope of work
- Perform annual and semi-annual audits of Joint Insurance Funds
- Perform all duties required by Fund Commissioners or the Fund's Executive Committee
- Fulfill requirements of an Auditor under Joint Insurance Fund Bylaws and New Jersey laws and regulations
- Perform all duties prescribed by law in accordance with generally accepted auditing standards
How proposals are evaluated
| Criterion | Weight / scoring |
|---|---|
| General approach to providing services | Not specified |
| Documented experience in completing contracts of a similar scope | Not specified |
| Proposal and experience of management, supervisory, or key personnel assigned | Not specified |
| Ability to perform the engagement within the timeline | Not specified |
| Experience and references | Not specified |
| Cost consideration | Not specified |
Minimum qualifications
- 5 years experience as Auditor for a joint insurance fund of the State of New Jersey OR 15 years experience as Auditor for governmental entities
- Independent Certified Public Accountant (CPA) or Registered Municipal Accountant (RMA)
- High degree of knowledge in conducting annual and semi-annual audits of Joint Insurance Funds
- Acceptable to underwriting and maintain insurance coverages per Fund specifications
- Comply with all terms and conditions of proposed contract
Documents to include with your response
- Non-Collusion Affidavit
- Disclosure of Ownership Form
- Insurance Requirement Acknowledgement Form
- Mandatory Affirmative Action Acknowledgement
- Copy of applicable Business Registration Certificate
- Professional Service Entity Information Form
- Data Form
- Acknowledgement of Corrections, Additions or Deletions Form
- Political Contribution Form
- Disclosure of Investigations and Actions Involving Service Entity
Key dates
- Date Issued
- October 13, 2026
- Responses Due
- November 12, 2026, by 2pm
- Professional services entities submit original
- December 3, 2025, no later than 2 pm
How to submit
- Method
- Sealed hard copy sent by mail, courier, or hand delivery
- Instructions
- Submit one original paper copy clearly marked ORIGINAL in a sealed envelope marked Vendor Proposal, addressed to Caroline J. Conboy, Administrator, One Sylvan Way, Suite 100, Parsippany, NJ 07054. Faxed or emailed proposals will not be accepted.
Contract details
- Term
- January 1, 2027, through December 31, 2027
- Insurance and bonding
- Vendor must carry minimum insurance and maintain coverages per Fund specifications, with the Fund named as an additional insured on all applicable policies from companies rated A or better.