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PROPOSED CONTRACT AMENDMENT
Department(s): Risk Management
Vendor: First Commonweath, Inc. wholly owned subsidiary of The Guardian Life Insurance Company of America, Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to renew and increase contract
Good(s) or Service(s): Employer-Sponsored Dental Insurance Benefits
Original Contract Period: 12/1/2011 - 11/30/2013, with two (2) one (1) year renewal options
Proposed Contract Period Extension: 12/1/2014 - 11/30/2015
Total Current Contract Amount Authority: $24,013,382.78
Original Approval (Board or Procurement): 1/18/2012, $8,000,000.00
Previous Board Increase(s) or Extension(s): 12/4/2013, $16,013,382.78, Renewal 12/1/2013 - 11/30/2014
Previous Chief Procurement Officer Increase(s) or Extension(s): N/A
This Increase Requested: $9,062,023.00
Potential Fiscal Impact: FY 2015 $9,062,023.00
Accounts: 490-177 (899-177, 499-177)
Contract Number(s): 11-87-011B
Concurrences:
The vendor has met the Minority and Women Owned Business Enterprise Ordinance.
The Chief Procurement Officer concurs.
Summary: The Department of Risk Management requests authorization for the Chief Procurement Officer to renew The Guardian Life Insurance Company contract # 11-87-011B for employee dental insurance benefits. Guardian provides dental benefits (PPO and HMO) to eligible employees and their dependents. This contract was originally awarded as a result of a Request for Proposals (RFP) in accordance with Cook County Procurement Code. It is a two-year contract with two one-year renewal options; this amendment represents the second and final option for renewal.
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