Proposed Rule 603 KAR 2:020 Public-private partnerships

On behalf of the National Association of Surety Bond Producers (NASBP), a national trade association of firms employing professional surety bond producers, including those licensed and conducting business in Kentucky, I am contacting you to request you amend Section 2 of the proposed administrative regulations establishing the procurement and proposal review processes for a public-private partnership by including the following statutory language from 200 KAR 5:355. Public-private partnership delivery method, Section 4 (3):

All performance and payment bonding requirements set forth in KRS 45A.190, 45A.435, and any other statute or local ordinance, shall remain in effect for capital projects and other contracts using the public-private partnership project delivery method.

Read more…