STRATEGIC PRIORITY: Government Performance & Financial Management
AGENDA DATE: April 24, 2024
COUNCIL DISTRICT(S):|910|DEPARTMENT: Office of Procurement Services
EXECUTIVE: Jack Ireland
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SUBJECT
Title
Authorize a three-year service contract, with the option of one two-year renewal option or two one-year renewal options, for Owner Controlled Insurance Program broker services for the Office of Risk Management - Marsh USA, Inc., most advantageous proposer of five - Not to exceed $2,242,000 - Financing: Owner Controlled Insurance Fund (subject to annual appropriations)
Body
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 Owner Controlled Insurance Program (OCIP) broker services for the Office of Risk Management. These services will develop underwriting and marketing specifications to competitively secure the best and essential insurance coverages at the most reasonable cost for construction of the Kay Bailey Hutchison Convention Center Master Plan. OCIP will provide expertise in all phases of developing, implementing, and administering the City's OCIP. This service is necessary for the City to help eliminate insurance obstacles for construction contractors, including Minority/Women Business Enterprise (M/WBEs) and small businesses by assuming and insuring the project risks. This service provides a pathway to projects that contractor/subcontractor could not otherwise obtain while increasing M/WBE and small business participation percentages.
A six-member committee from the following departments reviewed and evaluated the qualifications:
* City Controller's Office (1)
* Department of Aviation (1)
* Department of Convention and Event Services (1)
* Office of Risk Management (1)
* Small Business Center Depar...
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