Reducing Transportation Project Risk: Effective Use of Risk Transfer, Performance Guarantees, Surety and Insurance
On June 6, 2019, Patricia de la Peña presented "Reducing Project Risk Through Effective Use of Risk Transfer: Performance Guarantees, Surety and Insurance" for the American Road & Transportation Builders Association’s (ARTBA) 11th Annual Law & Regulatory Forum. This forum catered to an audience of contractors, designers, in-house counsel and anyone involved in the operation or management of transportation construction projects.
Patricia's presentation covered risk exposures and impacts of differing procurement approaches, delving into the framework for evaluating which risk is allocated to which party. She also discussed how audiences can understand contractual risk allocation and tools that can be used to manage risk, evaluate issues that may affect projects, and identify key insurance coverages that can support a successful project.
The American Road & Transportation Builders Association brings together all facets of the transportation construction industry to responsibly advocate for infrastructure investment and policy that meet the nation's need for safe and efficient travel. ARTBA also regularly offers value-added programs and services providing its members with a competitive edge.