Agenda

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County Administrator's Report 16. 2.

BCC Regular Meeting

Discussion

Meeting Date:	08/03/2017
Issue: Owner Controlled Insurance Program
From:	Robert Dye
Department:	Asst County Administrator
CAO Approval:

RECOMMENDATION:

Recommendation Concerning Owner Controlled Insurance Program - Robert Dye, Manager, Risk Management Office

That the Board take the following action concerning the Owner Controlled Insurance Program (OICP):

A. Exercise the option in PD 16-17.004, Design Build Services for the New Escambia County Correctional Facility, to proceed with establishing an Owner Controlled Insurance Program for the new corrections facility project;

OR

B. Reject the option to put into effect an Owner Controlled Insurance Program for the new correction facility project.

BACKGROUND:

PD 16-17.004, pages B-4 through B-8, included the option to put into place an Owner Controlled Insurance Program at the Boards discretion. An OCIP or, as it is generically called, a Wrap Up Program provides an opportunity to reduce costs on the project by capitalizing on the OCIP Broker/Administrators ability to aggressively search the Market for "best price" Insurance products and by eliminating Overhead and Profit (O&P) for Insurance products. An OCIP provides opportunities for some subcontractors who may not be able to obtain the limits required for the job or who may have such a poor experience rating that the cost of insurance is extremely high.

An RFP (Request for Proposal) was issued for an OCIP Administrator/Broker which received two responses. The selection committee determined that although the submissions were very similar, USI provided the best price and service for the life of the program should the Board elect to proceed with an OCIP.

BUDGETARY IMPACT:

N/A

LEGAL CONSIDERATIONS/SIGN-OFF:

N/A

PERSONNEL:

No additional staff required.

POLICY/REQUIREMENT FOR BOARD ACTION:

N/A

IMPLEMENTATION/COORDINATION:

N/A

Attachments
OCIP Overview
$250K Deductible Proforma
$150K Deductible Proforma
Solicitation PD 16-17.004