N.H. Rev. Stat. Ann. § 228:107

Summary

Authorizes the Commissioner of the State’s Department of Transportation (DOT) to enter into certain types of contracts with private entities for transportation infrastructure projects, and establishes a public‐private partnership transportation infrastructure oversight commission to recommend and advise on requests for P3 proposals.

Excerpt:

228:115 Liability Insurance.

Any contract for public‐private design‐build‐finance‐operate‐maintain or design‐build‐operate‐maintain services shall provide for securing and maintaining a liability insurance policy for contractors and engineers in the design phase of a project which shall be limited to 10 percent of the cost of such project. A certificate of liability compliance shall be included in the bid. Any such contract shall require a bond under RSA 447:16 for the design‐build and bonds, letters of credit, or other forms of security for the operations and maintenance phases of the project.

Topic
Advocacy
Publish Date
November 7, 2024
Region
New Hampshire
Audience
Agents, Contractors, Owners, Sureties
Resource Type
P3 Statutes, Resource Map