Agmt22 Intercare Holdings Insurance Services, Inc.

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REV: 04-22-2022 EI AGREEMENT FOR CLAIMS ADMINISTRATION SERVICES Pacific Secured Equities DBA Intercare Holdings Insurance Services, Inc. THIS AGREEMENT is made and entered into as of the 1st day of July 2022 (the “Effective Date”), by and between the CITY OF REDWOOD CITY, a charter city and municipal corporation of the State of California (“City”), and Pacific Secured Equities DBA Intercare Holdings Insurance Services, Inc., a California corporation (“Consultant”). RECITALS A. City requires the services of a third party administrator to administer its workers’ compensation claims. B. Consultant has the necessary experience in providing such services. C. Selection of Consultant is expected to achieve the desired results in an expedited fashion. D. Consultant has submitted a proposal to City and has affirmed its willingness and ability to perform such work. NOW, THEREFORE, in consideration of these recitals and the mutual covenants contained herein, the Parties agree as follows: 1. Scope of Work. City retains Consultant to perform, and Consultant agrees to render, those services (the “Services”) that are defined in attached Exhibit “A”, which is incorporated herein by reference. City will have the right to modify the scope of work to delete tasks in whole or in part. Any individuals listed as “Key Personnel” on Exhibit “A” will perform the roles ascribed to them in Exhibit “A”. Consultant may not change the list of Key Personnel without the prior written consent of the City. 2. Standard of Performance. While performing the Services, Consultant will exercise the reasonable professional care and skill customarily exercised by reputable members of Consultant's profession practicing in the urban Northern California Area. Consultant will also use reasonable diligence and best judgment while exercising its professional skill and expertise. 3. Term. Unless terminated earlier pursuant to Section 21, the term of this Agreement will be for a period of three years from the Effective Date. The City Manager may amend the Agreement to extend it for two (2) additional one (1) year periods in an amount not to exceed Five Hundred Twenty-Nine Thousand Three Hundred Seven Dollars and Twenty-One Cents ($529,307.21) for the first extension term and Five Hundred Forty-Five Thousand One Hundred Sixty Eight Dollars and Forty-Two Cents ($545,168.42) for the second extension term. Any extension will require a written amendment executed by both parties indicating the effective date and length of the extended Agreement. ATTY/AGR.2022.099/Intercare Holdings Insurance Services, Inc. (Page 1 of 11)