TO: AC Transit Board of Directors
FROM: Jill Sprague, General Counsel
SUBJECT: Contract Assignment
ACTION ITEM
RECOMMENDED ACTION(S):
Title
Consider approving assignment of contract for independent risk bearing analysis from Bickmore to Albert Risk Management Consultants.
Body
STRATEGIC IMPORTANCE:
The act of assigning a contract to Albert Risk Management Consultants has no strategic importance.
BUDGETARY/FISCAL IMPACT:
There is no budgetary or fiscal impact associated with this report.
BACKGROUND/RATIONALE:
Bickmore and AC Transit entered into the Independent Risk Bearing Capacity Analysis Contract No. 2020-1453 on December 9, 2019. The term of the contract is from December 2019 to May 2020. On February 3, 2020, the District's Claims & Liability and Procurement Departments were informed that "Bickmore" had been acquired by Albert Risk Management Consultants on February 1, 2020 and would be operating as "Albert Risk" going forward. Accordingly, the parties desire to amend the contract to reflect this name change and formally name Albert Risk Management Consultants as the "Contractor" under existing Contracts. Albert Risk Management Consultants is one of the largest independent risk management consulting firms in the U.S. and provides risk management audits, ongoing risk management advice and services, insurance procurement assistance, and claims management services to clients worldwide and across a wide range of fields and industries.
Albert Risk agrees to be bound by, and will perform all terms, covenants, and conditions contained in the Contracts. Albert Risk assumes all obligations and liabilities of, and all claims and demands against Bickmore under the contract as if Albert Risk were the original party to the Contract.
ADVANTAGES/DISADVANTAGES:
Albert Risk will continue to provide independent risk bearing capacity analysis services to the District under Contract 2020-1453.
Staff has not identified any disadvantages to the Contract Assignmen...
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