Agenda item details
Consideration of Contract Award Recommendation to Provide Third-Party Administration of the Self-Funded State of Texas Vision Plan under the Texas Employees Group Benefits Program – (Action)
- Number:
- 5/2023
- Department:
- Office of Procurement and Contract Oversight
- Recommendation:
- Move that the Board of Trustees authorize the Executive Director to negotiate and execute a contract with [RESPONDENT NAME] with terms that are fully acceptable to ERS, and authorize the Executive Director to administer the resulting contract to provide the third-party administration of the self-funded State of Texas VisionSM Plan (Services). In the event that ERS is not able to negotiate a satisfactory contract with [RESPONDENT NAME], or if they will not be capable of providing the required Services to ERS’ satisfaction during the contract term, then the Board authorizes the Executive Director to resume any necessary due diligence processes and contract negotiations with the next top-ranked qualified respondent and to negotiate and execute a contract with terms that are fully acceptable to ERS and administer the resulting contract.