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REQUEST TO EXERCISE THE CONTRACT'S SECOND ONE (1) YEAR EXTENSION OPTION WITH CANNON COCHRAN MANAGEMENT SERVICES, INC. FOR THIRD-PARTY WORKERS COMPENSATION ADMINISTRATIVE SERVICES:
SPECIFICATION P-22017
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To the Honorable Board of Commissioners of the Chicago Park District
I. Initial Award Information; Authorization
Pursuant to Chapter XI, Section C.3.a of the Code of the Chicago Park District, the Director of Purchasing and the Director of Risk Management recommend that the Board of Commissioners of the Chicago Park District ("Board") authorize the General Superintendent or their designee to exercise the second one (1)-year extension option on the contract (Specification No. P-22017) (the "Contract") with Cannon Cochran Management Services, Inc. ("CCMSI") for third-party administrative (TPA) services. CCMSI was selected pursuant to a publicly advertised request for proposals.
Date of Award: August 9, 2023 Board Meeting
Contractor: Cannon Cochran Management Services, Inc.
550 West Van Buren Street
Chicago, IL 60607
Company Type: Delaware Corporation
Majority Interest: 97.5% Employee Stock Ownership Plan
Contract Period: Two (2) year initial term with three one (1) year extension option. If extensions options are exercised, funding shall be based upon annual appropriations.
Contract Amount: Not-to-exceed $168,565.00 for the one-year contract extension.
Scope of Services: CCMSI's responsibilities include, but are not limited to, the following: 1) effectively managing workers compensation claims that result in i) containment of costs; ii) constructive communication and coordination with all interested and affected parties; iii) education of employees; and iv) maintenance of adequate reserves; 2) reducing expenses and simplifying program administration; 3)initiating prompt investigation and determination of liability; and 4) establ...
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