TRANSPORTATION AGENCY USE OF OWNER-CONTROLLED INSURANCE PROGRAMS

Controlled insurance programs are highly efficient risk control mechanisms. With a controlled insurance program, the interests of the owner, designer, construction manager, contractors, and consultants are covered by one insurance arrangement. This paper describes the current state of practice regarding the use of owner-controlled insurance programs by transportation agencies. Departments of transportation that have used controlled insurance programs for their major projects (construction costs of $100+ million) report that they were satisfied with the results. But contractors are cautious because, when an owner's controlled insurance program administrator fails to perform, it is the contractor who incurs residual consequences of increased business costs, with consequences that can extend far into the future.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/oclc/8675438
• Corporate Authors:

  American Society of Civil Engineers

  1801 Alexander Bell Drive
  Reston, VA  United States  20191-4400
• Authors:
  • Schexnayder, C J
  • Weber, S L
  • David, S A
• Publication Date: 2004-7

Language

• English

Media Info

• Features: References; Tables;
• Pagination: p. 517-524
• Serial:
  • Journal of Construction Engineering and Management
  • Volume: 130
  • Issue Number: 4
  • Publisher: American Society of Civil Engineers
  • ISSN: 0733-9364
  • EISSN: 1943-7862
  • Serial URL: http://ascelibrary.org/journal/jcemd4

Subject/Index Terms

• TRT Terms: Construction industry; Contractors; Insurance; Risk management; State government agencies; State of the practice
• Subject Areas: Administration and Management; Construction; Highways; I10: Economics and Administration;

Filing Info

• Accession Number: 00977741
• Record Type: Publication
• Files: TRIS
• Created Date: Aug 5 2004 12:00AM