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PROPOSED CONTRACT AMENDMENT
Department(s): Risk Management
Vendor: First Commonwealth, Inc. wholly owned subsidiary of The Guardian Life Insurance Company of America, Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to increase by $8,053,386.00 and extend contract for one (1) year.
Good(s) or Service(s): Dental insurance benefits
Contract Period: 12/1/2011 - 11/30/2013
Contract Period Extension: 12/1/2013 - 11/30/2014
Current Contract Amount Authority: $8,000,000.00
Board Approved: 1/18/2012, $8,000,000.00
Board Increase(s): N/A
Chief Procurement Officer Increase(s): N/A
This Increase Requested: $8,053,386.00 $16,013,382.78 (Amount based on current enrollment and plan design). Approval of this item would commit Fiscal Year 2014 funds.
Potential Fiscal Impact: FY 2014 $8,053,386.00 $16,013,382.78 (Estimated fiscal impact is based on current enrollment and plan design). Approval of this item would commit Fiscal Year 2014 funds.
Accounts: 542-177 (Dental Insurance Account)
Contract Number(s): 11-87-011B
Concurrences:
The vendor has met the Minority and Women Owned Business Ordinance.
The Chief Procurement Officer concurs.
Summary: 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. It is a two (2) year contract with two (2) one (1) year renewal options; this amendment represents the first option for renewal.
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