Broward County Commission Regular Meeting
Director's Name: Stephen Farmer (Acting Director)
Department: Finance and Administrative Services Division: Purchasing
Information
Requested Action
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MOTION TO APPROVE Agreement between Broward County and Standard Insurance Company for Group Life and Related Insurance, Request for Proposals (RFP) No. GEN2128496P1, for the Human Resources Division, in the estimated amount of $15,546,313; and authorize the Mayor and Clerk to execute same.
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Why Action is Necessary
In accordance with Broward County Procurement Code Section 21.47, Award and Execution Authority, the Board shall make all awards, and authorize the execution of the associated contracts, with a value of more than $500,000, inclusive of the value of any renewals or extensions.
What Action Accomplishes
Provides group term life and related insurance (term life, accidental death and dismemberment (AD&D) insurance, hazardous occupation insurance, and occupational assault AD&D insurance) to benefit-eligible employees, retirees and eligible dependents.
Goal Related Icon(s)
?County Commission
?Go Green
?MAP Broward
Previous Action Taken
None.
Summary Explanation/Background
THE PURCHASING DIVISION AND THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT/HUMAN RESOURCES DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
The Office of Economic and Small Business Development (OESBD) did not assign Small Business Enterprise (SBE) or County Business Enterprise (CBE) goals for this project (Exhibit 2).
The purpose of this Agreement is to provide comprehensive, fully insured employer and employee-paid, after-tax, voluntary group term life and related insurance plans, including enrollment support and administration services for benefit-eligible employees and eligible dependents (Exhibit 1).
The RFP was advertised on November 27, 2024, and, at the time of the submittal deadline on January 14, 2025, five firms submitted proposals: Hartford Life and Accid...
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