Public-Private Partnership Projects

Bonding process considerations for bond producers and sureties.

Public-Private Partnerships (P3s) continue to be a hot topic of discussion, and their use for delivering large, multifaceted infrastructure projects continues to grow in the United States. According to Aon Risk Solutions’ 2015 Surety Market Update and Forecast, there were five closed P3 deals in the U.S. in 2014, with a combined value of $4 billion, and 15 P3 projects in the procurement process in 2015, totaling $15 billion in construction.