Repository: UIHistories Project: Board of Trustees Minutes - 1948 [PAGE 504]

EXTRACTED TEXT FROM PAGE:

1947]

UNIVERSITY OF ILLINOIS

RECEIVED JULY 22

503

Electrical Work Anderson Electric Co., Danville A. S. Schulman Electric Co., Chicago Square Deal Electric Co., LaPorte, Ind Ernest Freeman & Co., Chicago Leverenz Electric Co., Danville

206 200 199 189 179

000 000 250 500 980

EMPLOYERS' LIABILITY INSURANCE (29) Under a contract with the Research Division of the Navy Department, the University is required to maintain employers' liability insurance. The University now carries such insurance with the Liberty Mutual Insurance Company. A year ago this firm's bid was lower than any of the few bids then received. This year, however, no company except Liberty Mutual has bid for the insurance. The Director of Purchases recommends the purchase of an employers' liability (occupational disease coverage included) and a scheduled general liability and property damage policy providing maximum coverage of $50,000 for one individual and up to $100,000 for two or more, effective August 7, 1947, for one year, to protect the operations necessary in research work under a contract (No. 60RI-71) with the Office of Research and Inventions of the United States Navy Department, from Liberty Mutual Insurance Company at an estimated gross premium of $1,918.58. This company meets our rating requirements. This recommendation was submitted by the Comptroller to the Finance Committee and approved by all members. I concur and recommend approval.

On motion of Mr. Williamson, these recommendations were approved.

BOILER AND MACHINERY INSURANCE (30) On June 22, 1944, the Board approved the purchase of boiler and machinery insurance from the Lumbermen's Mutual Casualty Company, which policy expires July 31, 1947. This insurance covers boiler and machinery located on University premises, owned, operated, or controlled by the University, subject to certain location insurance limits and sequence of indemnity payments. Requests for bids were sent to a number of insurance firms and 12 bids were received. The Director of Purchases, the Director of the Physical Plant Department, and the Comptroller recommend acceptance of the offer of the Lumbermen's Mutual Insurance Company, the low bidder meeting rating requirements, on the basis of a gross premium of $10,200, subject to an estimated 20% dividend at policy period termination, or a net premium of $8,160. This premium will be paid from the Physical Plant Operation and Maintenance appropriation. T concur and recommend approval.

On motion of Mr. McLaughlin, this award was authorized as recommended.

CONTRACT FOR LIBRARY BINDING (31) The contract for library binding for the past biennium with Ernst Hertzberg and Sons terminated June 30, 1947. The following binderies were invited to submit proposals on our specifications for binding work for the two-year period beginning July 1, 1947, covering all requirements for Urbana, the Chicago Professional Colleges, the Chicago Undergraduate Division, and the Galesburg Undergraduate Division: Ernst Hertzberg & Sons, Chicago Bid on all binding. Edwin Allen Company, Chicago Bid on Chicago Professional Burgmeier Book Bindery, Inc., Colleges and Chicago UnderChicago graduate Division only. Pfisterer's Bindery, Galesburg Bid on Galesburg Undergraduate Division only. New Method Book Bindery, Inc. No bid. A careful analysis of the bids received has been made and the bid submitted by Ernst Hertzberg & Sons is low except for the binding for the Galesburg Undergraduate Division. The Director of Purchases recommends, therefore,