Title
CBI Construction Bonding Services
Action
Action:
A. Approve a contract with Merriwether & Williams Insurance Services, Inc. for construction bonding services for an initial term of two years, and
B. Authorize the City Manager to renew the contract for up to three, one-year terms with possible price adjustments and to amend the contract consistent with the purpose for which the contract was approved.
Body
Staff Resource(s):
Reenie Askew, City Manager’s Office
Steve Coker, Charlotte Business INClusion
Explanation
§ Approved by Council as a new initiative within the FY 2023 budget, the Construction Bonding Services project is to develop a contractor supportive services program providing city certified minority, women, and small business enterprises (MWSBEs) with a range of technical assistance and financial resources to help position them to compete and to successfully complete city construction projects and build contractor compacity.
§ On October 10, 2022, the city issued a Request for Proposals (RFP); four responses were received.
§ Merriwether & Williams Insurance Services, Inc. best meets the city’s needs in terms of qualifications, experience, cost, and responsiveness to RFP requirements.
§ Annual expenditures are estimated to be $800,000.
Charlotte Business INClusion
The city negotiates subcontracting participation after the proposal selection process (Part C: Section 2.1(h) of the Charlotte Business INClusion Policy). Merriwether & Williams Insurance Services, Inc. has committed ($135,000) of the total contract amount to the following certified firm:
§ The Wonder Group LLC (MBE)($135,000)(communication and marketing)
Fiscal Note
Funding: General Capital Investment Plan