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      "text": "Dear Ms. Wiedemann:\n\nPlease find attached McKinsey & Company, Inc. Washington D.C.'s (McKinsey) response to the State of New Jersey's request for a cost proposal to support the State's economic impact assessment and response to COVID-19. Our support for this effort will focus on helping the State quantify the economic and fiscal impacts of the crisis, advise and coordinate stakeholders to support the economic recovery, and develop a long-term recovery strategy to support the State's economic growth.",
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      "kind": "paragraph",
      "text": "SUBJECT: State of New Jersey, Economic Development Strategic Planning Consulting Services Contract Award – Cost Proposal for Additional Work Clause for Economic Consulting Services for COVID-19 Virus (2018-GSA-RFQ-080)",
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      "text": "This work builds on earlier support for the State's economic development strategy (2018 State of Innovation: A Stronger and Fairer NJ Economy comprehensive economic development strategy). We believe that our experience in serving the State and several other US and international jurisdictions will allow us to assess the impact of COVID-19 on the State's economy while supporting the development of robust solutions for recovery. We look forward to continuing our partnership with the New Jersey Economic Development Authority (NJEDA) to help the State respond to this unprecedented health and economic crisis.",
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      "kind": "paragraph",
      "text": "April 29, 2020\n\nAnn Marie Wiedemann, Senior Procurement Officer\nNew Jersey Economic Development Authority\n36 West State Street, P.O. Box 990\nTrenton, NJ 08625-0990\nEmail: awiedemann@njeda.com\nPhone: (609) 858-6700",
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      "text": "McKinsey exclusively performs on a [REDACTED] basis in both the public and private sectors, using our [REDACTED]. Consistent with our commercial model, McKinsey does not possess a cost accounting system - our rates are determined by the market, rather than the cost of deploying our tools and personnel. Therefore, Our proposal is contingent on NJEDA agreeing that if any federal funding is being used to pay for McKinsey's services under this contract modification supporting rapid response to the COVID-19 crisis, NJEDA considers McKinsey to be a \"contractor\" under 2 CFR § 200.330 and that NJEDA will not impose Federal Cost Principles and Audit Requirements within 2 CFR § 200 et seq on McKinsey.",
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