Posting Language
Title
Authorize an amendment to a contract for continued payment of insurance premiums to the Rolling Owner Controlled Insurance Program VIII for the Human Resources Department with Liberty Mutual Insurance Company, to increase the amount by $5,852,173 for a revised total contract amount not to exceed $15,877,173. Funding: $417,708 is available in the Capital Budget of various departments, funding for the remaining contract term is contingent upon available funding in future budgets.
Body
Lead Department
Financial Services Department.
Client Department(s)
Human Resources Department.
Fiscal Note
Funding is available in the Capital Budget of various departments.
Funding for the remaining contract term is contingent upon available funding in future budgets.
Purchasing Language:
Contract Amendment.
MBE/WBE:
The previous solicitation was reviewed for subcontracting opportunities in accordance with City Code Chapter 2-9C (Minority Owned and Women Owned Business Enterprise Procurement Program). For the services required for the previous solicitation, there were no subcontracting opportunities; therefore, no subcontracting goals were established.
Prior Council Action:
December 12, 2022 - Council approved a contract for insurance premiums to the Rolling Owner Controlled Insurance Program VIII with Liberty Mutual Insurance Company.
For More Information:
Direct questions regarding this Recommendation for Council Action to the Financial Services Department - Central Procurement at: FSDCentralProcurementRCAs@austintexas.gov or 512-974-2500.
Additional Backup Information:
The City implemented the first Rolling Owner Controlled Insurance Program (ROCIP) program in 1992. Under this program, the City obtains insurance coverage instead of requiring individual contractors to provide their own. This structure establishes improved contractor equity, removes insurance barriers impacting small and minority contractors, assures broad and uniform insurance pro...
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