Purchasing Type: Request for Proposals (RFP)
Public Hearing: YES ☐ NO ☒ Department: Purchasing & Contracting
AGENDA ITEM:
Title
Commission District(s): ALL
RFP - Request for Proposals No. 22-500620 Insurance Broker Services (Multiyear Contract): for use by the Department of Finance - Risk Management: Consists of providing brokerage services for Property and Casualty Insurance and Owner Controlled Insurance Program (OCIP) fees for Capital Improvement Projects (CIP). Recommend award to the highest scoring proposer: Marsh & McLennan Agency, LLC. Amount Not To Exceed: $1,290,595.61
Body
Information Contact: Michelle Butler, CPPO, Procurement Manager
Phone Number: (404) 687-2797
PURPOSE:
Consists of providing brokerage services for Property and Casualty Insurance and Owner Controlled Insurance Program (OCIP) fees for Capital Improvement Projects (CIP). Four (4) proposals were received.
RECOMMENDATION:
Recommended Action
Recommend award to the highest scoring proposer with:
Marsh & McLennan Agency, LLC, 11330 Lakefield Drive, Ste. 100, Johns Creek, GA 30097
Amount Not To Exceed: $1,290,595.61
and authorize the Chief Executive Officer to execute the contract and all associated documents.
Evaluation Committee Scores:
Firms: Scores:
Marsh & McLennan Agency, LLC 93
Alliant Insurance Services, Inc. 87
McGriff Insurance Services, Inc. 74
Non-Responsive Firm:
Lockton Companies, LLC
After evaluation of the technical and cost proposals, the recommendation is to award to the highest scoring proposer.
ADDITIONAL INFORMATION:
1. LSBE Participation: 20%
2. Contract Effective Date: January 1, 2023
3. Contract Expiration Date: December 31, 2027
4. Amount Spent on Previous Contract: $1,357,931.00
5. Funding: General Operating (Finance)