Title
a. Approve and Authorize the Contracts/Purchasing Officer to sign an Agreement between the County of Monterey and Flexible Benefit Administrators, Inc. for third-party administration services for the County's Flexible Spending Accounts (FSA), Dependent Care Assistance Program (DCAP), and Voluntary Benefit Options (VBO) per Request for Proposals (RFP) #10792 with the initial Agreement term commencing January 1, 2022 through December 31, 2026, including the option to extend the Agreement for up to three (3) additional one (1)-year periods in an amount not to exceed $950,000 over the term of the Agreement; and
b. Authorize the Contracts/Purchasing Officer to sign future Amendments to the Agreement where the Amendments do not significantly change the scope of work or cause an increase in the Agreement rates of more than ten percent (10%).
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve and Authorize the Contracts/Purchasing Officer to sign an Agreement between the County of Monterey and Flexible Benefit Administrators, Inc. for third-party administration services for the County's Flexible Spending Accounts (FSA), Dependent Care Assistance Program (DCAP), and Voluntary Benefit Options (VBO) per Request for Proposals (RFP) #10792 with the initial Agreement term commencing January 1, 2022 through December 31, 2026, including the option to extend the Agreement for up to three (3) additional one (1)-year periods in an amount not to exceed $950,000 over the term of the Agreement; and
b. Authorize the Contracts/Purchasing Officer to sign future Amendments to the Agreement where the Amendments do not significantly change the scope of work or cause an increase in the Agreement rates of more than ten percent (10%).
SUMMARY/DISCUSSION:
On behalf of the Human Resources Department, the Contracts/Purchasing Office released Request for Proposals (RFP) #10792 on May 13, 2021 for the administration of the Flexible Spending Accounts (FSA), ...
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