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PROPOSED CONTRACT AMENDMENT
Department(s): Department of Risk Management
Vendor: Mesirow Insurance Services, Inc., Chicago, Illinois
Request: Requesting authorization for the Chief Procurement Officer to increase and extend contract
Good(s) or Service(s): Insurance Brokerage and Professional Services
Original Contract Period: 2/28/2011 - 2/27/2014
Proposed Contract Period Extension: 2/28/2014 - 7/1/2015
Total Current Contract Amount Authority: $17,100,000.00
Original Approval: 3/1/2011, $16,500,000.00
Previous Board Increase(s): 6/19/2013, $600,000.00
Previous Chief Procurement Officer Increase(s): N/A
This Increase Requested: $8,951,243.00
Potential Fiscal Impact: FY 2014 $7,102,028.00
Accounts: 542-258
Contract Number(s): 11-45-48
Concurrences:
The vendor has met the Minority and Women Owned Business Enterprise Ordinance.
The Chief Procurement Officer concurs.
Summary: On 3/1/2011 the Cook County Board of Commissioners authorized the prior Purchasing Agent to enter into a contract with Mesirow Insurance Services, Inc. for Insurance Brokerage and Professional Services in an amount to not exceed $16,500,000.00 for a period of 2/28/2011 through 2/27/2014. Amendment #1 was approved on 6/19/2013 by the Cook County Board of Commissioners for an increase in the amount of $600,000.00. The request for Amendment #2 represents an increase in value of $8,951,243 to secure an Excess Municipal Liability Program, Excess Healthcare Professional Liability Program and an Excess Property Insurance Program through 7/1/2015. The sixteen month time frame is requested in order to align the policies with a July 1 inception date. This is the first extension for time under this contract.
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