Title
Approve and authorize the Contracts/Purchasing Officer to sign Renewal and Amendment No. 2 to professional services agreement with Marsh Risk and Insurance Services, effective July 1, 2014 through June 30, 2015, for workers' compensation and casualty insurance brokerage service, in an amount not to exceed $120,000 for a total compensation amount not to exceed $360,000.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Approve and authorize the Contracts/Purchasing Officer to sign Renewal and Amendment No. 2 to professional services agreement with Marsh Risk and Insurance Services, effective July 1, 2014 through June 30, 2015, for workers' compensation and casualty insurance brokerage service, in an amount not to exceed $120,000 for a total compensation amount not to exceed $360,000.
SUMMARY/DISCUSSION:
The County entered into an Agreement with Marsh Risk and Insurance Services on February 1, 2009, to provide workers' compensation and casualty insurance brokerage services after the issuance of a Request for Proposals in 2009. This most recent Agreement was approved July 1, 2012, with a termination date of June 30, 2013.
Renewal and Amendment No. 1 renewed the prior Agreement and increased the term of the agreement by one year, with a termination date of June 30, 2014. It also increased the amount of possible compensation to be paid by the County by $120,000 for a total amount not to exceed $240,000. The Renewal and Amendment also removed Exhibit A-Scope of Services/Payment Provisions and replaced it with Exhibit A-1 Scope of Services, which added language in Section 2 (i) relating to electronic delivery of documents and Section 7, which is a disclosure reflecting standard insurance wholesale practices.
Renewal and Amendment No. 2 will increase the term of the Agreement by one year, which will expire on June 30, 2015 and will also increase the amount of possible compensation to be paid by the County by $120,000 for ...
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