The contract is for the provision of computerized pharmacy services for the Bergen County Jail. The vendor, Diamond Drugs, Inc., d/b/a Diamond Pharmacy Services, will provide these services for a period of one year, with the option to renew for an additional three years. The contract has a total value not to exceed $720,000.00. The scope of work includes the provision of brand name and generic medications, as well as pharmacy services. The contract was awarded through a competitive bidding process, with Diamond Drugs, Inc. being the sole respondent.
• The contract includes a pricing structure, with brand name medications invoiced at AWP less 23% and generic medications invoiced at AWP less 90%.
• The contract has a renewal option, with the vendor proposing a zero percentage adjustment change in medication rates within all four renewal options.
• The contract was initiated through a competitive contracting process, as stated in N.J.S.A. 40A:11-4.5(d).
• The contract is for the provision of computerized pharmacy services, including the dispensing of medications and the provision of pharmacy services.