City of San Antonio - File #: 15-3792

• File #: 15-3792
• Type: Misc - Professional Services Agreements
• In control: City Council A Session
• On agenda: 8/6/2015
• Posting Language: An Ordinance approving a Professional Services Agreement with SOGO Wealth & Risk Management, to provide Risk Management Consulting and Insurance Broker of Record services to the City for a 3-year term beginning August 20, 2015 and ending August 19, 2018, with two renewal terms of one year each at the City’s option, with total compensation not to exceed $154,000.00 per year. [Ben Gorzell, Chief Financial Officer; Troy Elliott, Director, Finance]

Date	Ver.	Action By	Action	Result
8/6/2015	1	City Council A Session	adopted	Pass

DEPARTMENT: Finance


DEPARTMENT HEAD: Troy Elliott


COUNCIL DISTRICTS IMPACTED: City Wide


SUBJECT:

Risk Management Consulting Services and Insurance Broker of Record


SUMMARY:
This ordinance authorizes a contract for Risk Management Consulting and Insurance Broker of Record Services for the City of San Antonio with SOGO Wealth & Risk Management ("SOGO"). The proposed contract is for a period of three (3) years, beginning August 20, 2015 and ending August 19, 2018 at an annual cost of $154,000.00, with two, one-year renewal options.



BACKGROUND INFORMATION:

The City has utilized Risk Management Consulting and Insurance Broker of Record services since at least 1983 to advise the City concerning its comprehensive risk management strategy, continuing evaluation of the City's efforts to minimize necessary risks, and to maximize transfer of risks where possible. As the Broker of Record for The City of San Antonio, SOGO assumes professional responsibility for marketing of the City's insurance requirements to qualified insurance carriers, placement of insurance coverage for the City on terms and at costs favorable to the City and representation of the City's interests when conflicts with insurance carriers develop.

The Risk Management and Purchasing Divisions of the Department of Finance developed a Request for Proposals ("RFP") for Risk Management Consulting Services and Insurance Broker of Record which was issued March 9, 2015. Proposals from two companies were submitted within the published timeline and were evaluated in conformance with the criteria contained in the RFP.

The evaluation of each proposal response was based on a total of 100 points: 30 points allotted for experience, background, qualifications; 25 points allotted for proposed plan; and 10 points allotted for respondent's price schedule. Twenty (20) points were allotted for Small Business Economic Development Advocacy (SBEDA) Program; 15 points for the M/...