Jim Donchess
Mayor e City of Nashua
To: Board of Aldermen
From: Mayor Jim Donchess
Date: June 29, 2022
Re: Contract Award in Excess of $1M-— Excess Loss Insurance Coverage
Pursuant to NRO: § 5-74/B: E. Approval by the Finance Committee of a contract award in excess of
$1,000,000 shall be submitted to the full Board of Aldermen at its next regularly scheduled meeting
for final approval prior to award of the contract.
The Finance Committee has approved and placed on file the notification of the award of the
referenced contract at the July 6, 2022 meeting and as such | am requesting the full Board of
Alderman approve the following contract:
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
Purchasing Memo#: 23-304 dated June 29, 2022
Contract Term: 7/1/22-6/30/23
Thank you.
229 Main Street * PO Box 2019 * Nashua, New Hampshire 03061-2019
603.589.3260 * fax 603.594.3450 * NashuaMayor@NashuaNH. gov
www.NashuaNH. gov
