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February 23, 2023 City Council Regular Meeting
Title
28. Added Item - Savannah Airport Commission - Approval to Execute a 5-Year Contract with Sterling Seacrest Pritchard, in the Amount of $506,000.
Strategic Priority
Good Government
Description

Savannah Airport Commission Staff issued a Request for Proposals for new Insurance Agents of Record on September 23, 2022. Separate proposals for Employee Benefits and Property, Casualty and Risk Management were due on November 9, 2022. The following four insurance agents submitted proposals: McGriff Insurance Services, Palmer & Cay, Sterling Seacrest Pritchard, and USI Insurance Services. The review committee has studied the proposals and recommends Sterling Seacrest Pritchard for both the Property/Casualty and Employee Benefits Broker of Record.

 

Property & Casualty          Employee Benefits                                    

Year 1 $50,000                  Year 1 $45,000

Year 2 $52,500                  Year 2 $45,000

Year 3 $55,000                  Year 3 $45,000

Year 4 $57,500                  Year 4 $48,000

Year 5 $60,000                  Year 5 $48,000

      Total $275,000                  Total $231,000

Recommendation

Approval

Contact
Dawoud Stevenson, Director, Program Management/IT
Financial Impact
Expenditure of $506,000 from the Savannah Airport Commission Fund
Review Comments
Attachments

No attachments available

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