A variation on the owner controlled insurance program (OCIP) or contractor
controlled insurance program (CCIP), all of which provide a master insurance,
safety, and claim management program for enrolled contractors performing work
on a construction project. The distinguishing feature of a PCIP is that two
or more of the parties to the project (e.g., the owner, general contractor, subcontractors,
etc.) jointly sponsor the program. The partnership encompasses the development
and operation of the program, as well as any cost savings. See
Controlled insurance program.