Explanation
BACKGROUND: The Department of Human Resources, Employee Benefits/Risk Management section conducted a Request for Proposal (RFP) to obtain property insurance and loss control engineering services for select City properties. The City received two proposals: Acordia and Arthur J. Gallagher & Company.
As a result of a Request For Proposal process in accordance with Section 329.12 of the Columbus City Codes, two bid responses were reviewed by the City's Evaluation Committee, comprised of three members. Each proposal was evaluated on the following criteria: competency to perform, quality and feasibility of the offerors technical proposal, ability to perform the required service competently, past performance, and the cost structure of the proposal. As a result of a request for proposal (RFP) process, Arthur J. Gallagher & Company is the recommended service company. Arthur J. Gallagher & Co.'s comprehensive proposal included three options for insurance coverage. In addition, they are agreeable to the standard escalator clause and an engineering services fee of $10,000 per year. Its' proposed insurance carrier, St Paul Travelers Insurance Co., will provide blanket building coverage, consistent with the City's current coverage. The insurance coverage is effective August 1, 2005 for a period of one year, with an annual renewal option through an escalator clause. An annual $100,000 deductible applies.
Arthur J. Gallagher & Company $216,967.00
Contract Compliance No. 34-1282846
This ordinance is submitted to authorize and direct the Human Resources Director to enter in to contract for the city property insurance and loss control engineering services for the City of Columbus with Arthur J. Gallagher & Company, and to authorize the expenditure of $216,967.00 to be paid out of the Employee Benefits fund in the Human Resources Department.
This ordinance is submitted as an emergency so as to allow financial transaction to be post...
Click here for full text