Repository: UIHistories Project: Board of Trustees Minutes - 1950 [PAGE 370]

EXTRACTED TEXT FROM PAGE:

1949]

UNIVERSITY OF ILLINOIS

367

Last year requests were submitted for quotations to sixty-eight mutual and stock insurance companies. Also advertisements were inserted in daily papers but only three insurance companies, including Travelers, the lowest bidder, submitted quotations. Travelers requested for the year July 1, 1948, to July 1, 1949, and the governing bureau authorized, a deviation from manual rates of SO per cent bodily injury and property damage and a fixed fleet plan reduction of 20 per cent. Travelers anticipate authorization for 1049-1950 by the governing bureau of a deviation from manual rates of 55 per cent bodily injury and property damage and a fixed fleet plan reduction of 20 per cent. On this basis the anticipated cost of automobile public liability and property damage insurance with $25/50,000 bodily injury limits and $5,000 property damage limits would be $3,500 (estimated) for the policy year beginning July 1, 1049. Funds are provided in the Physical Plant Department budget. The Comptroller has recommended that this insurance be renewed with the Travelers Indemnity Insurance Company for another year effective July 1, 1949, on the basis of their proposal outlined herein, in which they would allow a 55 per cent reduction from manual rates plus an additional 20 per cent fleet discount. The Finance Committee recommends approval.

On motion of Mr. Livingston, this matter was referred to the Comptroller's office and the Finance Committee to secure additional bids.

REPORT OF TOTAL AMOUNTS OF STANDING CONTRACTS FOR MINOR IMPROVEMENTS (8) The Board of Trustees at the April meeting requested a report of total contracts let under these general standing contracts since July 1, 1048. T h a t report is as follows, for the period July I, 1948, to May 1, 1949: Lewis S. Colbert, general work $220 826 01 Reliable Plumbing and Heating Co 44 510 19 Schroeder's, ventilating and sheet metal 30 050 42 Square Deal Electric Company 4776292

This report was received for record.

CONTRACT FOR HEATING AND VENTILATING IN ELECTRICAL ENGINEERING BUILDING (9) The heating and ventilating installations in the Electrical Engineering Building were by Carson-Payson Company, Danville, under a cost plus a fixed fee contract authorized by the Board of Trustees on January 25, 1947 (Minutes, page 228). The maximum estimated cost was $176,954. The Comptroller has reported that due to increased labor rates and material costs, the total cost of the heating and ventilating installations under this contract will be $194,471.45. The fixed fee of this contract, which is included in the total cost, is $19,661. This compares favorably with the lowest lump sum bid of $223,000 received at the time the contract was awarded. This report was received for record. FEES FOR EXAMINATIONS IN HIGH-SCHOOL A N D COLLEGE SUBJECTS (10) As a service to the State Board of Law Examiners the University offers examinations in high-school and college subjects to candidates who wish to qualify for the study of law and eventually for admission to the Bar examinations. Fees are charged to cover the cost of this service. From time to time changes have been made in the fees whenever necessary in order to meet expenditures. The present schedule of fees established by the Board of Trustees on March 10, 1942, is as follows: High-school subjects $ 75 per half unit of credit College subjects 2 00 per subject F o r the past two years these fees have not covered expenses and it has been