The PTA acknowledges that there is a lack of clarity regarding the procurement and management of insurance requirements by contractors under contractual agreements, as the scope and coverage of these insurances may vary.
To address this, the Principal Controlled Insurance Program (PCIP) has been established as an insurance arrangement for construction projects, placing responsibility on the Principal (PTA) to oversee and maintain the following insurance policies:
- Public liability (including general and product liability).
- Contract works (material damage).
- Professional indemnity (Alliances only).
The program has two categories:
- A general (or “floater”) category for projects up to $50 million for contract works and up to $100 million for public liability.
- Contract-specific cover for projects exceeding $50 million for contract works and exceeding $100 million for public liability.
Further information on the program can be obtained from PTA procurement planning manager Peter Keys at peter.keys@pta.wa.gov.au.
Guiding Principles
The guiding principles for projects to be declared on the PCIP floater category are:
- A design and construct or works contract is to be awarded.
- Maximum construction period is 36 months.
- Contract value does not exceed $50 million for contract works and up to $100 million for construction (public and product) liability.
- There is no minimum contract value.
Further information is included in the relevant tender documentation.
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