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PROPOSED CONTRACT AMENDMENT
Department(s): Risk Management
Vendor: CaremarkPCS Health, LLC, Northbrook, Illinois
Request: Authorization for the Chief Procurement Officer to renew and increase contract
Good(s) or Service(s): Pharmacy Benefits Management Services
Original Contract Period: 12/1/2014 - 11/30/2017, with two (2) one (1) year renewal options
Proposed Contract Period Extension: 12/1/2017 - 11/30/2018
Total Current Contract Amount Authority: $204,727,769.92
Original Approval (Board or Procurement): 11/19/2014, $204,727,769.92
Previous Board Increase(s) or Extension(s): N/A
Previous Chief Procurement Officer Increase(s) or Extension(s): N/A
This Increase Requested: $82,000,000.00
Potential Fiscal Impact: FY 2018 $82,000,000.00
Accounts: 542-181
Contract Number(s): 1455-13418
Concurrences:
The vendor has met the Minority-and Women-owned Business Enterprise Ordinance via direct participation and a MWBE waiver with indirect participation.
The Chief Procurement Officer concurs.
Summary: This increase and first of two (2) one (1) year renewal options will allow the vendor to continue to provide the pharmacy benefit management program for eligible Cook County employees and their dependents. Cook County offers pharmacy benefits carved out from the health plan and in accordance with collectively bargained plan designs. The expense is covered through annual appropriations.
The contract was initially awarded following a joint procurement effort between Chicago Public Schools (CPS), Chicago Transit Authority (CTA), Chicago Park District (CPD) and Cook County pursuant to 34-142 of the Cook County Procurement Code.
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