STRATEGIC PRIORITY: Core
AGENDA DATE: August 27, 2025
COUNCIL DISTRICT(S): Citywide
DEPARTMENT: Office of Procurement Services
EXECUTIVE: Donzell Gipson
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SUBJECT
Title
Authorize a three-year service contract in the amount of $263,100.00, with two one-year renewal options in the amount of $175,400.00, as detailed in the Fiscal Information section, for commercial insurance and broker of record services for the Office of Risk Management - Marsh & McLennan Companies, Inc., most advantageous proposer of three - Not to exceed $438,500.00 - Financing: Risk Management Program Fund (subject to annual appropriations)
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BACKGROUND
This action does not encumber funds; the purpose of a service contract is to establish firm pricing for services, for a specific term, which are ordered on an as needed basis.
This service contract will provide for commercial insurance and broker of record services for the Office of Risk Management.
Broker services will include:
* Outlining a property structure
* Providing strategies and rational for property program
* Providing engineering inspections
This service contract will also authorize the purchase of the City's commercial property, boiler and machinery, fine arts, crime, aviation, general liability, cyber liability, media professional liability, and flood insurance policies.
A seven-member committee from the following departments reviewed and evaluated the qualifications:
* Department of Facilities and Real Estate Management (1)
* Department of Human Resources (2)
* Office of Risk Management (2)
* Office of Procurement Services (2)*
*The Office of Procurement Services evaluated cost, local preference, and the Business Inclusion and Development Plan, if applicable.
The committee selected the successful respondents on the basis of demonstrated competence and qualifications under the following criteria:
* Capability and expertise 35 p...
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