Travelers Canada is the market leader in supporting construction clients in their pursuit and successful completion of Public-Private Partnerships (P3) and large infrastructure projects. 

Travelers works side by side with some of the finest construction organizations in North America in balancing opportunity with construction risk, as well as with commercial and contractual risk.  We work with clients involved in the design and construction phases of these projects, and clients involved in the longer-term facilities maintenance and operation phases.

As the largest provider of surety bond credit and surety work programs in Canada and in North America, Travelers is a strong voice in the dialogue with project sponsors, lenders and finance syndicates, government agencies and credit ratings agencies. 

Whether focused on a single project opportunity or more broadly on the best practices in the Canadian P3 marketplace, Travelers expertise and experience makes us a credible participant in the dialogue side by side with our clients.  Our goal is to add value for our clients that can give them an edge in developing a successful proposal and a successful project. 

Travelers maintains an ongoing dialogue with finance, government and credit rating agencies, both to stay current with the trends and demands of the “asset” owners and financiers, and to provide project owners, government sponsors and financial participants with feedback and information about risk allocation and security requirements that will allow them to access the design, construction and FM capacity and performance security that is required to ensure a successful project.

In the P3 world, where the contractual risk transfer and performance security requirements are often driven by the interests and concerns of those providing financing to the project,  Travelers works with our construction and FM clients to ensure that risk allocation and security requirements are appropriate for their interests and do not put their organizations at undue risk.

As an early participant in the Canadian P3 market, Travelers recognized the long term impact on our clients financial resources of multiple and long-term requirements for letters of credit on P3 projects.  Travelers developed a unique solution for clients - the Travelers P3 Performance Bond. With its unique payment advance feature for liquidated damages and other project costs typically secured by letters of credit, contractor clients have available to them on Canadian projects a security tool  that can reduce their exposure to letters of credit.  They are able, then, to put their scarce capital back to work to support their businesses. 

For more information about Travelers’ approach to P3 and large infrastructure projects and how we can add value for construction, FM and other stakeholders, please browse the links on this page, or feel free to contact us.