Title
Proposed Amendment No. 2
Contract No. GLWA-CS-235
Property and Casualty Brokerage and Ancillary Services
O&M
Body
Agenda of: September 28, 2022
Item No.: 2022-395
Amount: Original Contract $600,000.00
Amendment No. 1 (Renewal) 200,000.00
Proposed Amendment No. 2 200,000.00
Total Revised Contract $1,000,000.00
TO: The Honorable
Board of Directors
Great Lakes Water Authority
FROM: Suzanne R. Coffey, P.E.
Chief Executive Officer
Great Lakes Water Authority
DATE: September 2, 2022
RE: Proposed Amendment No. 2
Contract No. GLWA-CS-235
Property and Casualty Brokerage and Ancillary Services
Vendor: Marsh USA, Inc.
MOTION
Upon recommendation of William M. Wolfson, Chief Administrative and Compliance Officer, the Board of Directors (Board) of the Great Lakes Water Authority (GLWA), authorizes the Chief Executive Officer (CEO) to enter into Contract No. GLWA-CS-235, Proposed Amendment No. 2, "Property and Casualty Brokerage and Ancillary Services" with Marsh USA, Inc., at an increased cost not to exceed $200,000.00 for a total cost not to exceed $1,000,000.00 for an increased duration of one (1) year for a total duration of five (5) years; and authorizes the CEO to take such other action as may be necessary to accomplish the intent of this vote.
BACKGROUND
The Marsh team has worked with GLWA for the past 4 years evaluating existing insurance contracts and claims history, making recommendations concerning changes and modifications. The Marsh team has initiated and maintained participatory relationships with GLWA's Office of Administration and Compliance, various insurance companies' underwriters, and in-house or independent claims management personnel.
JUSTIFICATION
GLWA requires the engagement of a broker who can serve as a trusted advisor with respect to providing professional property & casualty insurance brokerage services and customized, cost-effective solutions regarding the management of, or recommendations...
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