Public-Private Partnerships: Risks & Opportunties
New surety solutions building inroads to P3 opportunities for contractors
Information-packed Data Poster from Business Insurance | Download sponsored by Zurich.
Adapting risk financing solutions to new projects may reduce risk and grow opportunities
Already used widely in other parts of the world, public-private partnerships, or P3s, are gaining traction in the United States as new approach to project procurement for public entities. Contractors and those serving the contracting community must thoroughly understand the risks and rewards of P3s to successfully navigate these new opportunities. This poster outlines key data and insights on the areas where P3 projects create exposures for contractors for which some in the surety market are developing new and innovative solutions.
At their core, P3s are long-term contracts between a public agency and a private entity that allow for greater private participation in the delivery of an asset or service, such as infrastructure construction. Increasingly, they are being looked as an alternative procurement and funding method for trillions of dollars of federal, state and local projects to update and maintain aging infrastructure in the United States.
Download this complimentary data poster, sponsored by Zurich, to learn more.