Title
Approve and authorize the Contracts/Purchasing officer to sign renewal and Amendment No. 3 to the 2016 Professional Service Agreement with Prime Actuarial LLC dba Bickmore Actuarial Inc. to provide actuarial analysis for workers' compensation and general liability self-insurance programs, safety consulting, claims consulting and enterprise risk management consulting services by extending the term by three years to June 30, 2025 and increasing compensation amount not to exceed $90,000 for a total compensation not to exceed $272,000.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors approve and authorize the Contracts/Purchasing officer to sign Renewal and Amendment No. 3 to the 2016 Professional service agreement with Prime Actuarial LLC dba Bickmore Actuarial Inc. to provide actuarial analysis for workers' compensation and general liability self-insurance programs, safety consulting, claims consulting and enterprise risk management consulting services by extending the term by three years to June 30, 2025 and increasing compensation by amount not exceed $90,000 for a total compensation not to exceed $272,000.
SUMMARY/DISCUSSION:
Bickmore Actuarial, Inc. ("Bickmore") operates as a risk management and actuarial consulting company. Under the existing contract, Bickmore Actuarial Inc. has provided assistance in actuarial analysis of workers' compensation, general liability and associated self-insurance programs, including estimation of outstanding liabilities, projected aggregate costs, departmental cost allocations, and related actuarial projects.
Bickmore was founded in 1984 and is privately held. Bickmore is ranked as the largest independent risk consulting firm in the western United States and is the second largest independent JPA management firm in the nation. Bickmore currently provides actuarial services to 35 individual counties (e.g. including the County of Monterey). Bickmore also provides professional actuarial services to ...
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