P3 managed/controlled insurance programs for infrastructure construction projects can reduce insurance costs by 1% to 2% of total contract value. Such managed/controlled insurance programs can help project developers obtain broader coverage, lower debt costs, increase transparency, enhance safety and promote minority/woman-owned/disadvantaged business participation. Similar benefits are obtainable in managing post construction operational risks. NCPPP encourages Congress to promote state-level guidance, through the state-level dedicated PPP teams,for managed/controlled insurance programs to minimize costs, increase coverage breadth, require greater transparency and instate monitoring of insurance programs.
If you have any questions, or would like additional information please contact:
Richard Norment, Executive Director
The National Council for Public-Private Partnerships
Email: rnorment@ncppp.org
Phone: (703) 469 – 2233
Seth Miller Gabriel, Deputy Executive Director
The National Council for Public-Private Partnerships
Email: smillergabriel@ncppp.org
Phone: (703) 469 – 2233