HomeMy WebLinkAboutItem 17 - InsuranceMEMO TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: BRUNO RUMBELOW, CITY MANAGER
MEETING DATE: JULY 19, 2022
SUBJECT: ANNUAL CONTRACT FOR EMPLOYEE LIFE, DISABILITY, CRITICAL
ILLNESS, AND ACCIDENT INSURANCE - MUTUAL OF OMAHA
RECOMMENDATION: Consider approval for the award of Request for Proposals for an annual
contract for Life, Disability, Critical Illness, and Accident insurance with
Mutual of Omaha for the Risk Department.
FUNDING SOURCE: Funds are available in account 100-45552-109-1 in the estimated annual
amount of
$510,000.
BACKGROUND: The purpose of this bid was to establish an annual contract for life,
disability, critical illness, and accident insurance for employee benefits.
The new contract would save the City approximately $52,500 per year
and will maintain the same rates for employees.
The City of Grapevine benefits broker, McGriff Insurance Services, Inc.
solicited a Request for Proposal in accordance with Local Government
Code Chapter 252, Subchapter B, Section 252.021 (a) and Section
252.041 (a). Nine vendors were notified of the bid and eight vendors
submitted a response. The bid was opened publicly on May 9, 2022 at 4
pm. The contract will be for an initial three-year period, with optional
renewals available based on performance and rates.
Based on the evaluation of the bid by the Risk Department and
Purchasing, it was determined the contract would be awarded to Mutual of
Omaha based on the City requirements of the specifications.
Staff recommends approval.
MH/LW