New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 37 - MUNICIPAL, COUNTY AND AUTHORITY EMPLOYEES DEFERRED COMPENSATION PLANS
Subchapter 7 - THE CONTRACTOR
Section 5:37-7.1 - Award of service agreements
Universal Citation: NJ Admin Code 5:37-7.1
Current through Register Vol. 56, No. 6, March 18, 2024
(a) In seeking a contractor, the employer, notwithstanding the existence of one or more service agreements with other contractors, shall solicit written proposals from two or more contractors offering prototypical plans or service agreements. After reviewing the proposals, a service agreement shall be awarded by resolution of the governing body. The resolution shall include a written description of the method used to solicit proposals, identify the responding vendors and state the rationale for selecting a specific contractor.
(b) The term of the service agreement shall be determined by the employer and the contractor.
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