File #: 24-0268    Version: 1 Name:
Type: Contract Amendment Status: Approved
File created: 5/24/2024 In control: FPD Board of Commissioners
On agenda: 6/11/2024 Final action: 6/11/2024
Title: PROPOSED CONTRACT AMENDMENT Department(s): Departments of Legal and Finance Vendor: Marsh & McLennan Agency, LLC (MMA), Chicago, Illinois Request: Authorization for the Forest Preserves of Cook County (the "Forest Preserves") to renew contract Good(s) or Service(s): Insurance Brokerage Services (Property) Original Contract Period: 7/1/2022 - 6/30/2023, renewal 7/1/2023 - 6/30/2024 Proposed Contract Period Extension: 7/1/2024 - 6/30/2025; with a one-year optional renewal to be exercised at the discretion of the General Superintendent Total Current Contract Amount Authority: $800,000.00 Original Approval: 6/14/2022, $800,000.00 Previous Increase(s): N/A This Increase Requested: N/A Estimated Fiscal Impact: FY 2024 $150,000.00, FY 2025 $150,000.00 (for both years using funds remaining from original approval) Accounts: Self Insurance, Other Expense 51011.700005 Contract Number(s): #74000014344 Concurrences: The Chief Financial Officer has approved this item...
Indexes: EILEEN FIGEL, Interim General Superintendent
Related files: 22-0283
title
PROPOSED CONTRACT AMENDMENT

Department(s): Departments of Legal and Finance

Vendor: Marsh & McLennan Agency, LLC (MMA), Chicago, Illinois

Request: Authorization for the Forest Preserves of Cook County (the "Forest Preserves") to renew contract

Good(s) or Service(s): Insurance Brokerage Services (Property)

Original Contract Period: 7/1/2022 - 6/30/2023, renewal 7/1/2023 - 6/30/2024

Proposed Contract Period Extension: 7/1/2024 - 6/30/2025; with a one-year optional renewal to be exercised at the discretion of the General Superintendent

Total Current Contract Amount Authority: $800,000.00

Original Approval: 6/14/2022, $800,000.00

Previous Increase(s): N/A

This Increase Requested: N/A

Estimated Fiscal Impact: FY 2024 $150,000.00, FY 2025 $150,000.00 (for both years using funds remaining from original approval)

Accounts: Self Insurance, Other Expense 51011.700005

Contract Number(s): #74000014344

Concurrences: The Chief Financial Officer has approved this item. Final renewal agreement subject to legal review and approval.

The vendor has met the Minority- and Women-owned Business Enterprise Ordinance via direct participation.

District(s): Districtwide

Summary: On March 18, 2021, the Cook County Board of Commissioners approved a contract with CS Insurance Strategies for Insurance Brokerage Services for Property and Cyber Liability coverage (the "County Contract"). The contract was awarded pursuant to a publicly advertised Request for Proposals in accordance with the Cook County Procurement Code. Subsequently, Marsh & McLennan Agency, LLC was assigned the contract from CS Insurance Strategies. Further, on March 14, 2024, the County Board authorized the extension of the County Contract until 6/30/2026.

On June 14, 2022, the Forest Preserves Board of Commissioners authorized the Forest Preserves to piggyback off the County Contract on a sole source basis for property insurance at select locations (Board Item No. 22-0283). The Fore...

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