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TOWNSHIP OF PARSIPPANY-TROY HILLS·New Jersey

RISK MANAGEMENT CONSULTANT

Closes 1/29/2026$50k – $150kRequest for Proposal
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Description

The Township of Parsippany‑Troy Hills is seeking a qualified Risk Management Consultant to assist the municipality with identifying insurable exposures, recommending risk‑reduction and transfer strategies, preparing and reviewing applications and budgets for the New Jersey Intergovernmental Insurance Fund (NJIIF), evaluating loss and engineering reports, supporting the Safety Committee, and aiding in claim settlements through the end of 2026. The consultant will act as a subject‑matter expert on municipal insurance programs and must comply with New Jersey statutes and procurement regulations. • Identify and assess municipal risk exposures; develop mitigation, self‑insurance, or transfer recommendations. • Prepare NJIIF application materials, review assessments, and help formulate the annual insurance budget. • Review loss/engineering reports, support safety initiatives, and assist with claim settlement processes (excluding public adjuster functions). • Provide additional coverage analysis beyond NJIIF offerings and perform any other services required by NJIIF bylaws. • Deliver all services under a sealed‑proposal contract, with a 60‑day offer‑validity period and compliance with state procurement, nondiscrimination, and record‑retention rules.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Suzanne Taylor(Director of Purchasing)

[email protected]

(973) 263-4377

Key dates

Opened
1/14/2026
Questions due
1/23/2026
Closes
1/29/2026
Duration
12 months

Last updated

Details

Type
Request for Proposal
Industry
Risk Management
NAICS
541618
Solicitation №
RFP2026-13

Budget estimate

$50,000 – $150,000

The solicitation does not disclose a budget. Comparable municipal risk‑management consulting contracts for a full‑year scope typically range from $50,000 for a single consultant to $150,000 for a small team with extensive reporting and insurance‑fund liaison duties. The estimate accounts for professional fees, travel (if any), and deliverable preparation, as well as the “most advantageous” award criteria that may favor competitive pricing.

AI estimate from the solicitation

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