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  5. ›April 27th 2026 Board Meeting Motions to Approve (opens as a PDF)

Awarded contract·Lower Cape May Regional School District·New Jersey

April 27th 2026 Board Meeting Motions to Approve (opens as a PDF)

Won by J. Byrne Agency$70kAwarded 4/27/2026Single Award
Contract source

Awarded vendors

  • J. Byrne Agency

Description

This contract appoints J. Byrne Agency as the broker for the Lower Cape May Regional School District’s health‑insurance program under the Southern Coastal Regional Employee Benefits Fund. The agency will manage procurement of health‑insurance coverage, negotiate terms with carriers, and handle administrative duties for the district’s employee and student population. Compensation is defined as a 1.5 % commission on the total premium paid, with the contract term spanning two calendar years (2026‑2027). Because the award was made by a board resolution rather than a competitive solicitation, the procurement follows New Jersey’s “extraordinary unspecifiable service” provisions, allowing a sole‑source award. - Scope: brokerage of district health‑insurance program, including carrier selection, policy administration, and related advisory services. - Term: Jan 1 2026 – Dec 31 2027 (2 years). - Compensation: 1.5 % of insurance premium (no dollar amount disclosed). - Procurement method: sole‑source award via board resolution, posted publicly within 10 days as required by N.J.S.A. 40A:11‑1.

Attached files

Key dates

Intent to award
4/27/2026
Awarded
4/27/2026
Starts
1/1/2026
Ends
12/31/2027
Duration
2 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Insurance
NAICS
524210

Contract value

$70,000

No dollar amount is disclosed in the resolution. To estimate, consider a typical mid‑size New Jersey school district with roughly 250 employees and 3,000 students. Assuming average health‑insurance premiums of $8,000 per employee and $1,500 per student, the total annual premium would be approximately (250 × $8,000) + (3,000 × $1,500) ≈ $2,000,000. At a 1.5 % commission, the broker’s fee would be roughly $30,000 per year, yielding a total contract value of about $60,000 over the two‑year term. Adjustments for administrative overhead or additional services could raise the figure to the $70‑80 k range. Therefore, a reasonable ball‑park estimate for the contract’s value is between $60,000 and $80,000.

AI estimate from the award documents

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