Posting Language
Title
Authorize a contract for group life insurance for the Human Resources Department with Metropolitan Life Insurance Company, for an initial term of three years with up to two 1-year extension options in an amount not to exceed $52,050,000. Funding: $6,660,000 is available in the Proposed Employee Benefits Fund Budget. 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 in the amount of $6,660,000 is contingent upon approval of the Proposed Fiscal Year 2025-2026 Employee Benefits Fund Budget. Funding for the remaining contract term is contingent upon available funding in future budgets.
Purchasing Language:
The Financial Services Department issued a Request for Proposals solicitation (RFP) 5800 SLW3023 for these services. The solicitation was issued on March 31, 2025, and closed on May 1, 2025. Of the five offers received, the recommended contractor submitted the best evaluated responsive offer. A complete solicitation package, including a log of offers received, is available for viewing on the City's website. This information can currently be found at https://financeonline.austintexas.gov/afo/account_services/solicitation/solicitation_details.cfm?sid=142376.
MBE/WBE:
This contract will be awarded in accordance with City Code Chapter 2-9B (Minority-Owned and Women-Owned Business Enterprise Procurement Program). For the services required for this solicitation, there were no subcontracting opportunities; therefore, no subcontracting goals were established.
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. Respondents to the solicitation and their Agents should direct all questions to the Authorized Contact Person identi...
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