Placement: Consent Agenda
Action Requested: Motion / Vote
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Award Contract #20190081 Administrative Services for Vision Insurance to Vision Service Plan Insurance Company (VSP) in the amount of $15,503.76 annually and $77,518.80 for the total of 5 years.
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Submitted By: Shelby Dolan, Purchasing Agent I, Procurement Management Department (PMD).
Strategic Plan Link: The City's Goal of a high-performing city government organization.
Summary Brief (Agreements/Contracts only)
1. Prepared by: Shelby Dolan, Purchasing Agent I, PMD.
2. Parties: City of Port St. Lucie and Vision Service Plan Insurance Company (VSP).
3. Purpose: To provide vision insurance services for employees, dependents, retirees and Elected Officials.
4. New/Renewal/Modified: New.
5. Duration: Five (5) years with the option to renew for an additional five (5) year term. Effective October 1, 2019 through September 30, 2024.
6. Benefits to Port St. Lucie: To provide a self-funded vision plan for annual eye exams, prescription glasses, frames and contact lenses.
7. Cost to Port St. Lucie (Annual and Potential): Projected annual expenditures will be $15,503.76 annually and $77,518.80 for the total of 5 years.
Presentation Information: N/A.
Staff Recommendation: Move that the Council award Contract #20190081 for Administrative Services for Vision Insurance with Vision Insurance Plan Company (VSP).
Alternate Recommendations:
1. Move that the Council amend the recommendation and award Contract #20190081.
2. Move that the Council not approve Contract #20190081 and provide staff with direction.
Background: The City's current contract will expire on September 30, 2019. Therefore, the City issued a Sealed Bid to update the benefits of the vision insurance for the employees, dependents and retirees.
The Bid was issued on March 7, 2019 to 176 potential bidders. There were 11 planholders with 2 proposals being received on June 10, 2019.
Issues/Analysis: Staffed along with Gehring Group ...
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