title
PROPOSED CONTRACT AMENDMENT
Department(s): Risk Management
Vendor: Mesirow Insurance Services, Inc., Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to extend and increase contract
Good(s) or Service(s): Insurance Brokerage and Professional Services
Original Contract Period: 2/28/2011 - 2/27/2014
Proposed Contract Period Extension: 7/2/2015 - 7/1/2016
Total Current Contract Amount Authority: $26,051,243.00
Original Approval (Board or Procurement): 3/1/2011, $16,500,000.00
Previous Board Increase(s) or Extension(s): 6/19/2013, $600,000.00; 2/19/2014, $8,951,243.00, 2/28/2014 - 7/1/2015
Previous Chief Procurement Officer Increase(s) or Extension(s): N/A
This Increase Requested: $8,444,456.00
Potential Fiscal Impact: FY 2015 $8,444,456.00
Accounts: 490-260 (899-258)
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: The Department of Risk Management of the Bureau of Finance respectfully submits this item requesting authorization for the Chief Procurement Officer to increase by up to $8,444,456.00 and extend for one (1) year through 7/1/ 2016, contract #11-45-48 with Mesirow Insurance Services, Inc., Chicago, Illinois, for insurance brokerage and professional services.
On 3/1/2011 the Cook County Board of Commissioners authorized the Chief Procurement Officer to enter into a contract with Mesirow Insurance Services, Inc. for Insurance Brokerage and Professional Services. This second amendment included an option to renew the contract which was presented for a sixteen month period in order to align the policies with a July 1 inception date. Prior to this amendment, the Municipal Liability and Healthcare Liability programs were placed on a February to February calendar while the Property Policy ran from July to July. This Contract was awarded through a Request for Qualification process in accordance with the Cook County Procurement Code.
end