P3s: Strategies for Risk Evaluation and Mitigation for Subcontractors and Their Bond Producers and Sureties
Recorded On: 05/21/2019
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Public Private Partnership projects are becoming more common in the USA, particularly for large and mega projects. P3s present subcontractors with new opportunities; and they also present significant new risks. This presentation will explore P3 projects from the perspective of the construction subcontractor and the subcontractor's bond producer and surety. The presentation will address some of the unique aspects of P3s as well as strategies to effectively identify and mitigate risk, such as the risk of inadequate payment protection.
Mary Jean Pethick, Esq.
Senior Vice President, Surety Risk Solutions
Zurich North America
Mary Jean Pethick is Senior Vice President, Head of Surety Risk Solutions, with Zurich North America. She is a graduate of Rutgers University and Georgetown University Law Center. She began her surety career as an associate at the law firm of Wolff & Samson in New Jersey. Before joining Zurich, she worked at Reliance Surety, Travelers Bond, and Arch Insurance in Philadelphia, and the American Insurance Association in Washington, DC. She has written and spoken on various surety topics throughout her career.
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