HomeMy WebLinkAboutItem 09 - Insurance Consultant ServicesFROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: MARCH 17, 2015
SUBJECT: APPROVAL FOR THE AWARD OF RFP 424-2015 FOR
INSURANCE CONSULTANT SERVICES FOR GROUP HEALTH
BENEFITS
City Council to consider award of an annual contract with McGriff, Seibels & Williams
Insurance Services for insurance consultant services for group health benefits.
FUNDING SOURCE:
Funds are available in account 100-44540-109-1 (Professional Services) in the
estimated budgeted annual amount of $50,000.
14-TATOMMO-11M "I
Request for proposals were taken in accordance with Texas Local Government Code
Chapter 252.022. RFP 424-2015, Insurance Consultant Services for Group Health
Benefits, was issued and opened publicly on February 11, 2015. 1
The RFP public notice was placed in the Fort Worth Star Telegram on January 8 and 15,
2015. There were 468 invitations sent out through the eBid Procurement system with 19
agencies downloading and viewing the RFP.
Eight agencies submitted proposals:
IMA Inc.
Benefit Seminars Plus
Lifetime Benefits Insurance
Wellspring Insurance Agency, Inc.
Arthur J. Gallagher & Co.
IPS Advisors
McGriff, Seibels and Williams Ins. Services
Wells Fargo Insurance Services
An evaluation team reviewed and evaluated all proposals based on the City's
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requirements and the services offered and ranked them accordingly. Of the eight
agencies, the two top ranked agencies were interviewed; they were Lifetime Benefits
Insurance and McGriff, Seibels and Williams Ins. Services.
After the two agencies were interviewed and services re-evaluated, the evaluation team
re -ranked them. The evaluation team chose McGriff, Seibels and Williams Ins. Services
as providing the best value proposal. This change will save the City approximately
$100,000 annually.
The contract will be for one year with three optional one year renewals.
Staff recommends approval.
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