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Awarded contract·City of Vineland·New Jersey

Risk Management Services

Won by Hardenbergh Insurance Group$150kAwarded 1/13/2026Single Award
Contract source

Awarded vendors

  • Hardenbergh Insurance Group

Description

The City of Vineland awarded a one‑year professional services agreement to Hardenbergh Insurance Group to serve as the municipality’s risk‑management consultant and insurance broker under the TRICO Joint Insurance Fund bylaws. The consultant must be a New Jersey‑licensed property/casualty insurance producer and will provide exposure identification, fund‑coverage guidance, supplemental coverage procurement, and budget assistance. Compensation consists of standard brokerage commissions for any coverage placed outside the Fund and a flat consulting fee not to exceed 6 % of the City’s annual TRICO assessment. The contract requires the vendor to furnish certificates of insurance, comply with state “pay‑to‑play” statutes, and retain records for five years.

Attached files

Key dates

Bids closed
12/12/2025
Intent to award
1/13/2026
Awarded
1/13/2026
Starts
1/1/2026
Ends
1/1/2027Renews
Duration
1 year

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Risk Management
NAICS
524210
Solicitation №
RFQ #2025‑48

Contract value

$150,000

The RFQ caps the flat consulting fee at ≤ 6 % of the City’s annual assessment by the TRICO Joint Insurance Fund. Municipal assessments for a city of Vineland’s size (≈ 60,000 residents) typically range between $1.5 M and $3 M per year. Assuming a median assessment of $2 M, the maximum flat fee would be $120,000. Brokerage commissions for any supplemental coverage are additional; a modest estimate for commissions (5‑10 % of supplemental premiums) could add roughly $30,000‑$60,000. Summing these, a reasonable ballpark total contract value is between $150,000 and $180,000. For reporting purposes, I estimate $150,000.

AI estimate from the award documents

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