Plant Replacement and Improvement Program Insurance Analysis

Abstract

U.S. Army Corps of Engineers (USACE) projects and activities using Plant Replacement and Improvement Program (PRIP) fixed assets pay insurance charges. These charges are retained in a separate account to fund the repair or replacement of PREP assets when they are damaged or lost. Although there are over $40 million in the PRIP insurance account, we found that USACE cannot be certain of adequate protection against catastrophic losses. We therefore recommend that USACE acquire commercial insurance covering such losses to supplement its current self-insurance program. We also recommend improved PRIP data collection and reporting to provide better information on insured assets and to support the calculation of asset-type-specific insurance rates.... U.S. Army Corps of Engineers, Fixed assets, Plant replacement and improvement program, Insurance.

Open PDF

Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1993
Accession Number
ADA264054

Entities

People

  • Eric M. Small

Organizations

  • LMI

Tags

Communities of Interest

  • Biomedical
  • Human Systems

DTIC Thesaurus Topics

  • Abstracts
  • Accounting
  • Acquisition
  • Army
  • Army Corps Of Engineers
  • Business Administration
  • Congress
  • Coverings
  • Engineering
  • Engineers
  • Governments
  • Law
  • Logistics
  • Logistics Management
  • Procurement
  • United States
  • United States Government

Readers

  • Facility/Structural Engineering.
  • Government Contracting/Procurement.
  • Systems Analysis and Design