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PROPOSED CONTRACT AMENDMENT
Department(s): Department of Risk Management
Vendor: CorVel Enterprise Comp, Inc., Downers Grove, Illinois
Request: Authorization for the Chief Procurement Officer to renew and increase contract
Good(s) or Service(s): General Liability and Automobile Claims Administrator/Third-Party Administrator Services
Original Contract Period: 12/1/2020 - 11/30/2023, with two (2), one (1) year renewal options
Proposed Amendment Type: Renewal and Increase
Proposed Contract Period: Renewal period 12/1/2023 - 11/30/2025
Total Current Contract Amount Authority: $267,960.00
Original Approval (Board or Procurement): Board, 11/19/2020, $267,960.00
Increase Requested: $201,625.00
Previous Board Increase(s): N/A
Previous Chief Procurement Officer Increase(s): N/A
Previous Board Renewals: N/A
Previous Chief Procurement Officer Renewals: N/A
Previous Board Extension(s): N/A
Previous Chief Procurement Officer Extension(s): N/A
Potential Fiscal Impact: FY 2024 $100,007.80, FY 2025 $101,617.35
Accounts: 11000.1490.13385.520830
Contract Number(s): 1950-18016
Concurrences:
The Vendor has met the Minority-and Women-Owned Business Enterprise Ordinance via: Direct Participation.
The Chief Procurement Officer concurs.
Summary: This increase and two (2) year renewal option will allow the Department of Risk Management to continue to receive General Liability and Automobile Claims Administrator/Third-Party Administrator Services. CorVel Enterprise Comp, Inc. works closely with Risk Management and Cook County departments in the investigation and management of non-litigated general and automobile liability claims. All claim settlements reported monthly to the Board of Commissioners. This contract was awarded through a publicly advertised Request for Proposals (RFP) process in accordance with Cook County Procurement Code. CorVel Enterprise Comp, Inc. was selected based on established evaluation criteria.
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