City of Nashua
Purchasing Department
Administrative Services Division (603) 589-3330
229 Main Street - Nashua, NH 03060 Fax (603) 594-3233
June 29, 2022
Memo #23-304
TO: Mayor Donchess
Finance Committee
SUBJECT: Excess Loss Insurance in the amount not to exceed $1,905,516 funded from 59165 Stop
Loss Coverage/Benefits Internal Service Fund
Please see attached communications from Kimberly Kleiner, Director of Administrative Services, dated June
27, 2022 for project specific details related to this purchase. Below please find a summary of the purchase
approval request:
Item: Stop Loss Insurance Coverage
Value: $1,856,316 for the annual premium, $49,200 for a one-time set up to total
$1,905,516
Vendor: QBE Insurance Corporation
Department: 113 Benefits
Source Fund: 59165 Stop Loss Coverage/ Benefits Internal Service Fund
Ordinance: Pursuant to § 5-78 Major purchases (greater than $25,000) A. All supplies and
contractual services, except as otherwise provided herein, when the estimated
cost thereof shall exceed $25,000 shall be purchased by formal, written contract
from the lowest responsible bidder, after due notice inviting bids.
The Administrative Services Division: Benefits Department, and the Purchasing Department respectfully
request your approval of this contract.
Regards,
Kelly Parkinson
Purchasing Manager
Ce: K Kleiner
J Graziano
