t
Increase to Contract with Mutual of Omaha Insurance Company for Life and Disability Insurance
b
An increase to the purchase order (PO) BP001768 with Mutual of Omaha Insurance Company for Life and Disability Insurance is requested. The increase from $499,999.99 to $600,000.00 is to provide funding for the continuation of Life and Disability insurance.
If approved by the Board, an amended BP001768 will be issued by the Albuquerque Bernalillo County Water Utility Authority to enable Mutual of Omaha Insurance Company to continue to provide Life and Disability Insurance.
Approval of this item shall also serve as delegation of authority for the Executive Director to approve all future amendments to this contract, if any.
FISCAL IMPACT:
The funding is estimated to be $600,000.00 for FY26.