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PROPOSED CONTRACT AMENDMENT
Department(s): Department of Risk Management
Vendor: Mesirow Insurance Services, Inc. Chicago, Illinois
Request: Authorization for the Chief Procurement Officer to renew and increase the contract
Good(s) or Service(s): Insurance Brokerage Services
Original Contract Period: 7/1/2016 - 6/30/2019, with (2) two, one (1) year renewal options
Proposed Amendment Type: Renewal and Increase
Proposed Contract Period: 7/1/2020-6/30/2021
Total Current Contract Amount Authority: $39,060,455.00
Original Approval (Board or Procurement): Board, 6/8/2016, $30,060,455.00
Increase Requested: $9,015,500.00
Previous Board Increase(s): 4/25/2019, $9,000,000.00
Previous Chief Procurement Officer Increase(s): N/A
Previous Board Renewals: 4/25/2019, 7/1/2019-6/30/2020
Previous Chief Procurement Officer Renewals: N/A
Previous Board Extension(s): N/A
Previous Chief Procurement Officer Extension(s): N/A
Potential Fiscal Impact: FY2021 $9,015,500.00
Accounts: 11000.1490.520835
Contract Number(s): 1590-14938
Concurrences:
The vendor has met the Minority- and Women-owned Business Enterprise Ordinance via direct participation.
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 exercise the second renewal amendment option to a contract with Mesirow Insurance Services, Inc. to provide insurance brokerage and professional services.
This contract is a product of a publicly advertised Request for Proposals in accordance with the Cook County Procurement Code. The requested increase of $9,015,500.00 is intended to cover annual broker fees and estimated insurance premiums.
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