IPFA Americas: Chicago: Revisiting Risk Transfer Mechanisms in Infrastructure Development - Performance Security and Design Risk

 Registration is closed for this event
Hosted by: Marsh

Performance Security and Infrastructure Development:  Why is Liquidity King and What to Do About It?

Performance security plays an integral role in infrastructure project procurements. Learn about why performance security is needed and what regulatory and financing considerations factor into the equation. The panel will also discuss the varying types of performance security available – whether surety bonds, retainage, letters of credits or other products- and how those products are view in the eyes of project stakeholders including contractors, developers, rating agencies and performance security consultants.

Perspectives on Design, Innovation and Risk Allocation in Infrastructure Development

Innovative engineering and design proposals can result in material bid differentiation during the procurement of P3 projects. Whether the design reduces construction expense creating a cost advantage or provides greater utility to the public, creating a technical scoring advantage. Unfortunately engineering and design services are not performed without risk - most materially errors or omissions that result in construction delays, rectification costs and other expenses. Infrastructure developers, contractors building infrastructure as well as their advisors spend significant time trying to balance the risk-and-reward of leveraging design as a bid differentiator.  Join us to hear from our diverse panel as they discuss design practices and the role of risk in infrastructure development. The panel will also cover the role of Alternative Technical Concepts (ATCs) and other design risk issues from various perspectives across the spectrum of infrastructure project delivery methods. Lastly, the panel will cover design risk transfer mechanisms including their benefits and pitfalls as well as mitigating structures and strategies. 


7.30am Registration & Breakfast

8.00am Welcome and Introduction
Adrian Pellen, Infrastructure Segment Leader – US & Canada, Marsh

8.05am – Performance Security and Infrastructure Development: Why is liquidity king and what to do about it? 
Moderator: David Hewett, Managing Director & US Contract Surety Practice Leader, Marsh

Speakers:
Grant Headrick, Managing Director – Infrastructure Finance, DBRS Limited
Aaron Toppston, Senior Development Manager, Walsh Group
Barry Normet, Senior Vice-President, Canada Central Zone Leader – Construction & Surety, Marsh
Courtney Walker, Senior Vice-President, Surety - Berkshire Hathaway Specialty Insurance


9.00am – Perspectives on Design, Innovation and Risk Allocation in Infrastructure Development
Moderator: Adrian Pellen, Infrastructure Segment Leader – US & Canada, Marsh

Speakers: 

Paul Hughes, Senior Director, Altus Group
Tim Whisler, Head of Professional – US & Canada, AIG
Steve Panciuk, SVP National Engineering/Professional Lead Canada, Marsh

10.00am Closing Remarks
Adrian Pellen, Infrastructure Segment Leader – US & Canada, Marsh


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Register Interest
October 25th, 2017 7:30 AM   to   10:00 AM
Offices of Marsh
540 West Madison Street
Chicago,
United States