BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT: Title
Approve the Agreement No. A5443A with Aon Risk Insurance Services West, Inc., for Owner Controlled Insurance Program for the Anderson Dam Seismic Retrofit Project, Project No. 91864005, PlanetBids File No. VW0583, for a Total Fee of $3,650,000 and an 11-year term (Morgan Hill, District 1).
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RECOMMENDATION: Recommendation
A. Approve Agreement A5443A with Aon Risk Insurance Services West, Inc., for Owner Controlled Insurance Program for the Anderson Dam Seismic Retrofit Project for a Fixed Fee of $2,750,000 and a 9% Builder's Risk Placement Commission Estimated at $900,000 for a Total Fee of $3,650,000 and an 11-year term; and
B. Approve and authorize the Chief Executive Officer to Negotiate and Execute amendments related to Builder's Risk Placement Commission for Agreement A5443A with Aon Risk Insurance Services West, Inc.
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SUMMARY:
The Anderson Dam Seismic Retrofit Project (ADSRP) construction will utilize an Owner Controlled Insurance Program (OCIP) Consultant to provide OCIP design, marketing, and management beginning with the bid process through project closeout.
The majority of large construction projects utilize OCIPs. An OCIP is whereby the owner of a construction project provides specific lines of insurance for all parties involved. An OCIP allows for cost savings, increased insurance limits, less chance of gaps in coverage or inconsistent insurance terms, and less frictional costs. The OCIP for the ADSRP will include all lines of insurance, except for Workers' compensation as follows: Builders Risk, Owners Protective Professional Liability, Environmental Liability, OCIP General Liability and Excess Liability coverage.
The proposed consultant, Aon Risk Insurance Services West, Inc., will manage the OCIP as the expert consultant and go-between, securing the best terms of coverage and lowest pos...
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