1 / 7

The Florida International University Master Builders Risk Program Overview May 7-8, 2012

The Florida International University Master Builders Risk Program Overview May 7-8, 2012. Purpose. The SUS Planners meeting is the venue to “share best practices” and “lessons learned”. FIU has achieved significant cost savings by using the Master Builders Risk Program on a case-by-case basis.

virginia-wiley
Download Presentation

The Florida International University Master Builders Risk Program Overview May 7-8, 2012

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. The Florida International UniversityMaster Builders Risk Program Overview May 7-8, 2012

  2. Purpose • The SUS Planners meeting is the venue to “share best practices” and “lessons learned”. • FIU has achieved significant cost savings by using the Master Builders Risk Program on a case-by-case basis. • FIU has tested the simple process and used the information for comparison shopping and benchmarking.

  3. Program Overview • Program developed for the BOG Shared Services Initiative. • FAU led SUS with ITN. • All universities are allowed to “piggy-back” in the program without a formal bid. • No minimum premium or purchasing commitments. • Coverage provided by Travelers and Lexington. • Universities are eligible for FEMA reimbursements. • Named windstorm limit is $20M (normally $10M). • Broker coordinates claim process. • New construction and renovation projects eligible.

  4. Recent FIU projects / savings

  5. FIU latest project example

  6. FIU benefits • Increased options for decision making. • Realized savings up to 57%. • FIU has saved $402K in the last five construction projects. • Added value in service and $ to projects. • Higher coverage for less cost. • “Upper hand” for negotiating with CMs. • Five out of eleven SUS Universities have used the program in some capacity (FAU, UF, UNF, UCF, and FIU).

  7. Questions / comments ?

More Related