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Finance Highlights 2006 1004
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Finance Highlights 2006 1004
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Last modified
6/6/2007 4:01:51 PM
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11/3/2006 3:13:07 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
10/4/2006
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_CC Agenda 2006 1106
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\City Clerk\City Council\Agenda Packets\2006\Packet 2006 1106
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<br />· Using agreed prices obtained from a repair or replacement facility for <br />minor losses up to $3,500. <br /> <br />· Verifying total loss values with reliable resources such as the Kelley Blue <br />Book in conjunction with an evaluation of current market prices. <br /> <br />Property damage appraisals are also useful in providing evidence of location and type of <br />impact for liability assessments. <br /> <br />Procedures for claims handled In-House and those handIed by George Hills promote <br />compliance with best practices. <br /> <br />We graded this component based upon the following criteria: <br /> <br />Grade <br /> <br />Criteria <br /> <br />4 <br /> <br />Damages assessment activities are completed timely and thoroughly. <br /> <br />Damages assessment activities are completed untimely or lack <br />thoroughness, but follow up will resolve requirements without increased <br />costs. <br />Damages assessment activities are delayed for prolonged period and <br />immediate action is needed to avoid increased costs. <br />Damages assessment activities will be difficult to complete due to <br />prolonged delays and information necessary to evaluate claim may not <br />be attainable resulting in increased costs. <br /> <br />3 <br /> <br />2 <br /> <br />Two exceptions for George Hills are noted in Table II-S. Performance is assessed as <br />superior. <br /> <br />Table 11-8 <br />Damages Assessment Exceptions <br /> <br /> <br />1 <br /> <br />2003010 12/26/2002 <br /> <br />Trees <br /> <br />California has a False Claims Act. Demand <br />for purchase order showing wholesale price <br />of the pipe should be made and a reasonable <br />competitive mark up along with actual cash <br />value of the pipes replaced would improve <br />the damages assessment. Even if liability <br />were clear, the City did not owe the claimant <br />property betterment. Breach of duty to <br />present a Fair Claim could cost the <br />claimant/plumbing company treble damages. <br />Working through this process protects <br />claimant, lumber and Cit . <br /> <br />17 <br /> <br />ARM <br /> <br />Tee h <br />
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