T2679 Bid Amendment 4 01.12.26 - Revised Bid Opening Date to 02.05.26.docx

This document is a bid amendment issued by the New Jersey Department of the Treasury, Division of Pensions and Benefits, revising the bid opening date for solicitation T2679 regarding Pharmacy Benefits Management services. The amendment modifies the original quote opening date from December 17, 2025, to February 5, 2026, providing bidders with additional time to prepare comprehensive submissions. The solicitation seeks a Pharmacy Benefits Manager to administer prescription drug benefits for approximately 800,000 participants across the State Health Benefits Program (SHBP) and School Employees' Health Benefits Program (SEHBP), encompassing active employees, retirees, and dependents. Required services include integrated retail, mail order, and specialty drug management with advanced technological capabilities, network access, clinical programs, member services, and robust reporting capabilities. The contract will utilize a reverse auction pricing model to evaluate bidders and includes a base term of four years with options for two additional two-year extensions.

The procurement emphasizes 100% pass-through of direct and indirect remuneration and rebates, with guaranteed pricing for ingredient costs, dispensing fees, and specialty drug pricing. Bidders must submit all documentation electronically through NJSTART and complete comprehensive compliance certifications, including cybersecurity protocols, anti-discrimination policies, and geopolitical activity restrictions. The state actively encourages participation from small, woman-owned, minority-owned, veteran-owned, and disabled veteran-owned businesses. Vendors are required to complete a Third-Party Information Security Questionnaire and maintain strict confidentiality agreements. While specific budget amounts are not disclosed in the amendment, the contract scope indicates significant financial value given the large participant population and comprehensive service requirements across multiple plan types.