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  5. ›T2949 - Fiscal Intermediary and Financial Cash and…

New Jersey Division of Purchase and Property·New Jersey

T2949 - Fiscal Intermediary and Financial Cash and Counseling Services: DHS

Closes 11/24/2026$5M – $15MRequest for Quotation
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Description

The State of New Jersey is seeking a fiscal intermediary to administer, process, and counsel on cash‑management services for four DHS programs (JACC, PASP, SSP, PPP). The contractor will be responsible for fund administration, payroll and invoicing, co‑pay collection, customer service, web portal maintenance, reporting, and full compliance with HIPAA, HITECH, and State security standards. Pricing must be submitted on a State‑supplied price sheet covering per‑member monthly rates, hourly staff rates, and fixed fees for background checks and workers‑compensation processing. The contract is a three‑year base award with two optional one‑year extensions, and it is set‑aside for small‑business and disabled‑veteran sub‑contracting. Key compliance elements include a detailed security questionnaire, a Business Associate Agreement, and mandatory insurance (Professional Liability ≥ $1 M, Cyber‑Breach ≥ $5 M).

Attached files

Contact

Jared Rodriguez(Purchaser)

[email protected]

(609) 341‑3500

Key dates

Opened
10/1/2026
Questions due
10/23/2026
Pre-bid meeting
10/8/2026
Closes
11/24/2026
Duration
3 years

Last updated

Details

Type
Request for Quotation
Industry
Financial Services
NAICS
541618
Solicitation №
25DPP01151

Budget estimate

$5,000,000 – $15,000,000

The solicitation does not disclose a total contract value; however, the price sheet includes per‑member monthly fees for four DHS programs, hourly rates for senior staff, and fixed processing fees. Assuming a modest enrollment of 10,000 participants across programs, per‑member rates in the $5‑$10 range could generate $500,000‑$1,000,000 annually, plus staffing and fixed fees adding another $1‑2 million per year. Over the three‑year base term, the total contract value is likely between $5 million and $15 million, with extensions potentially increasing the high end.

AI estimate from the solicitation

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