Source: https://www.partnershipsbulletin.com/, March 6, 2024

As with any industry, knowledge is power. The issues are also much deeper than the choppy financing waters we’re all swimming in – it’s down to awareness.

As P3s have moved into the era of megaprojects and advanced delivery, many projects are “underinsured – some grossly underinsured – and are not prepared for proper risk management relative to the complexity of the transaction”, warns Robert Alfert, partner at Nelson Mullins and a leading expert in P3 deals and insurance. “Many simply do not understand the complexity of insurance and how you adhere to a novel, fully integrated delivery model that has every attribute of project delivery and risk, like DBFOM.” Read more.