All projects are unique have their own individual tipping points. Our experience tells us that the following are examples of key P3 tipping points that Cook Advisory will address and monitor on your behalf:

Definitions

• Force Majeure
• Delay Events
• Compensation Events
• Termination Events

Buildability

• Scheduling
• Single Point Failures
• Suppliers
• Infant Design
• Warranty and Efficacy

Damage or Destruction

• Time or Dollar Amount for Termination
• Debt Take-Out
• Constructor Margin
• Coordination with Insurance
  

Design Liability

• DBFOM or inherited design
• Sovereign Indemnity or Sponsor Indemnity
• Design Contract Dollar Limitation

Lenders Agreement

• Step-in Rights
• Access to Default Security
• Coordination with Insurance Trust Agreement

Indemnities

• Reciprocity
• Time and Dollar limitation vs. Concession Value
• Non-Insured Indemnities
• No Consequentials or Indirects Except LDs
• Aggregate LD Exposure
• 'Soft' delay events (for example, strike, blockade, embargo, or archaeological discovery)
• Sovereign Peril Guarantees

Construction Insurance

• CCIP, OCIP or ACIP
• Termination Procedure for Construction Insurance
• Limits and Deductibles
• Insurer Ratings
• Design Exclusion
• Soft Costs and Delay in Start-up
• Cost of Finance Cover
• Environmental
• Professional Indemnity - Project Specific or Otherwise
• Professional Indemnity - Extended Discovery
• Insurance Trust Agreement
• Lenders' Interest
• Breach of Conditions
• Completed Operations - Extended Discovery

Concession Insurance

• CCIP, OCIP or ACIP
• Adequacy
• Uninsurability
• Inception Procedure Post-Construction
• Life Cycle Disruption
• Minor Repairs

Default Security

• Bonds, LC's or Subguard
• Dual Obligee
• Percentage of Coverage
• Comparison to Steel and Cement Packages
• Comparison to Project Maximum 90 Days Receivable