Decision details

It is resolved that:

(A)      Council approve an exemption from tender in accordance with section 55(3)(i) of the Local Government Act 1993 to extend the term of the contract for insurance broking services with AON Risk Services Australia Limited by 15 months, to expire on 30 June 2026;

(B)      Council note that a satisfactory result would not be achieved by inviting tenders for this work because:

(i)         an actuarial review of the City's insurance requirements was recently completed which has confirmed that the current approach of placing insurances direct to market via a broker remained the most beneficial insurance model; and

(ii)        there is insufficient time to undertake the tender required following prior to the expiry of the existing term on 31 March 2025;

(C)      authority be delegated to the Chief Executive Officer to vary the existing contract with AON Risk Services Australia Limited to provide insurance broking services for an additional 15 months while the new tender is undertaken and until the resulting new contract commences; and

(D)      Council note that funds are available in the annual operating budget for insurance broking services which are available to cover the contract extension period.

Carried unanimously.

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