title
PROPOSED CONTRACT AMENDMENT
Department(s): Department of Risk Management
Vendor: Aon Risk Services Central, Inc, Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to renew and increase contract
Good(s) or Service(s): Actuarial and Related Consulting Services for Self-Insured Worker's Compensation and Other Liability Claims
Original Contract Period: 1/8/2020 - 1/7/2022, with two (2), two (2) year renewal options
Proposed Amendment Type: Renewal and Increase
Proposed Contract Period: 1/8/2024 - 1/7/2026
Total Current Contract Amount Authority: $188,000.00
Original Approval (Board or Procurement): Procurement, 1/15/2020, $94,000.00
Increase Requested: $94,000.00
Previous Board Increase(s): 1/1/2022, $94,000.00
Previous Chief Procurement Officer Increase(s): N/A
Previous Board Renewals: 1/1/2022, 1/8/2022 - 1/7/2024
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 $47,000.00, FY 2025 $47,000.00
Accounts: 11000.1490.13385.520835
Contract Number(s): 1950-17889
Concurrences:
The Contract Specific Goal set on this Contract is Zero.
The Chief Procurement Officer concurs.
Summary: This increase and the second of two (2), two (2) year contract renewal options will allow the Department of Risk Management to continue to receive Actuarial Services for Self-Insured Workers’ Compensation and Liability Claims. The work product is used in conjunction with the County’s Comprehensive Annual Financial Report and the annual budgeting process. Contract #1950-17889 was awarded through a publicly advertised Request for Proposals (RFP) process in accordance with the Cook County Procurement Code.
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