Title
Resolution authorizing a contract with Securian Financial Group of St. Paul, Minnesota, for group term and optional life insurance for Lake County for a three-year period, plus renewals, in the estimated amount of $179,498.
Staff Summary
* The current contract for group term and optional life insurance will expire on December 31, 2016.
* Lake County desires to enter into a contract for group term and optional life insurance for Lake County.
* A Request for Proposal (RFP) was extended to 18 vendors, sealed proposals were received from three vendors, and interviews were held with two firms.
* Based on the criteria set forth in the RFPs, the evaluation committee selected Securian Financial Group of St. Paul, Minnesota, as the most favorable proposal for Lake County with an estimated annual cost of $179,498.
Body
RESOLUTION
WHEREAS, in accordance with Section 5-102 of the Lake County Purchasing Ordinance, proposals were called for by publication for group term and optional life insurance for Lake County; and
WHEREAS, subsequent to said publication, Requests for Proposals were extended to 18 vendors; and
WHEREAS, sealed proposals were received from three vendors and opened in the Lake County Administrative Building, Waukegan, Illinois, on July 19, 2016 at 2:00 p.m.; and
WHEREAS, an evaluation committee comprised of representatives from the Human Resources Department and Lake County Forest Preserve Human Resources Department held interviews with the top two firms; and
WHEREAS, based on the criteria set forth in the Request for Proposal, the evaluation committee comprised of representatives from Human Resources and the Lake County Forest Preserve Human Resources Department selected Securian Financial Group of St. Paul, Minnesota, as the most favorable proposal for Lake County.
NOW, THEREFORE, BE IT RESOLVED, by this County Board of Lake County, Illinois, that the Purchasing Agent is authorized to enter into a contract with Securian Financial Group of S...
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