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2006 SESSION
HB 994 Public Procurement Act; purchase of certain insurance in construction projects.
Introduced by: Robert H. Brink | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Virginia Public Procurement Act; purchase of certain insurance in construction projects. Allows a public body to purchase an owner-controlled insurance program in connection with any public construction contract where the amount of the contract or combination of contracts is more than $100 million. The bill defines owner-controlled insurance program and provides that no contractor or subcontractor can be required to provide insurance coverage for a construction project if that specified coverage is included in an owner-controlled insurance program in which the contractor or subcontractor is enrolled. The bill also provides that a contract for architectural and professional engineering services cannot be required to participate in such a program, except if the public body elects to secure excess coverage.
SUMMARY AS INTRODUCED:
Virginia Public Procurement Act; purchase of certain insurance in construction projects. Allows a public body to purchase an owner-controlled insurance program in connection with any public construction contract. The bill defines owner-controlled insurance program and provides that no contractor or subcontractor can be required to provide insurance coverage for a construction project if that specified coverage is included in an owner-controlled insurance program in which the contractor or subcontractor is enrolled.