Private Sector Risk Management
Private Sector Risk Management
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(As discussed in the recent article Streamlining permits with voluntary pilots can lead an economic revival)
Surety bonds complete the five tools framework. Builders post bonds guaranteeing compliance. Government shifts from gatekeeping to enforcement. If standards are violated, bonds cover remediation, protecting the public without delaying approvals.
Project XL provides lawful precedent for this kind of process improvement, with pilots refining systems before broader rulemaking applies the best ones across the board.
Put industry professionals with "skin in the game" in charge of making the cut about which companies can comply successfully with permit and licensing requirements.
Put industry professionals with "skin in the game" in charge of making the cut about which companies can comply successfully with permit and licensing requirements.
This is not the competency of well-meaning over-worked public servants to pick winners and losers, but rather the domain of the best focused technical subject matter experts in the world who can found employed in the private sector.
This is not the competency of well-meaning over-worked public servants to pick winners and losers, but rather the domain of the best focused technical subject matter experts in the world who can found employed in the private sector.
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