On February 10, 2021, the Mayor and City Commission approved the issuance of Request for Proposals (RFP) 2021-108-WG for health care benefits consulting services. RFP responses were due and received on April 9, 2021. The City received proposals from the following four firms: Foundation Risk Partners DBA Foundation Risk Partners Public Entity Services, Gallagher Benefit Services, Inc., Southeast Series of Lockton Companies LLC, and The Gehring Group, Inc. The proposal received from The Gehring Group, Inc. was deemed non-responsive for failure to execute the cost proposal form as required in the RFP and could not be further considered.
On April 7, 2021, the Evaluation Committee appointed by the Interim City Manager convened to consider the proposals received. The Committee was comprised of Marvin Adams, Employee Benefits Manager, Human Resources Department; Jair Espinoza, Benefits Manager, City of Miami; Frank Estevez, Compensation Manager, Human Resources Department; and Vyomie Greene, Accounting Manager, Finance Department. The Committee was provided an overview of the project, information relative to the City’s Cone of Silence Ordinance and the Government Sunshine Law. The Committee was also provided with general information on the scope of services and a copy of each proposal. The Committee was instructed to score and rank each proposal pursuant to the evaluation criteria established in the RFP.
The evaluation process resulted in the proposers being ranked by the Evaluation Committee in the following order with Foundation Risk Partners being unanimously ranked as the top-ranked respondent (See Attachment A):
Proposed Annual Management Fee
1st Foundation Risk Partners Corp. DBA Foundation Risk $177,914.88
Partners Public Entity Services
2nd Southeast Series of Lockton Companies, LLC $202,014.72
3rd Gallagher Benefit Services, Inc. $247,104.00
Aside from its excellent qualifications, the cost proposal submitted by Foundation Risk is $24,099.84 less than the cost proposal submitted by the second ranked firm and a savings of $12,165.12 over the City’s existing Agreement with Gallagher Benefit Services, Inc.
Summary of Foundation Risk Partners DBA Foundation Risk Partners Public Entity Services
Foundation Risk Partners began with the convergence of two large, established consulting and brokerage platforms that now provide comprehensive employee benefits and property and casualty insurance services. The firm currently operates in fourteen states with more than 1200 employees and are among the top 20 largest insurance consulting and brokerage firms in the United States. It can leverage its position to develop and negotiate cost controlled, high-value benefit programs on behalf of the City and its employees.
Foundation Risk Partners represent large national brands such as, ABC Fine Wine & Spirits, IKEA, and H&M, along with numerous cities and municipalities in the U.S., such as City of Destin, Florida, City of North Miami, Florida, City of Deltona, Florida, Jackson County, BOCC, and City of Winter Garden, Florida. The firm understands the unique needs associated with a public entity, helping these employers manage people, compensation, and benefits programs in the face of mounting costs, regulatory pressures and ongoing changes in the healthcare and insurance industries.