(1) Nomenclature: When you hear “P3” or “PPP” or “public-private partnerships,” substitute “design-build-finance-operate-maintain project delivery.” It’s been used for decades in other parts of the world to deliver public infrastructure (horizontal and vertical) and now governmental entities (federal, state, and local) in the United States have developed a strong interest in institutionalizing this as a new project delivery method to deliver public infrastructure.
(2) New Laws: To gain traction in the U.S. and minimize the political risks for investors, comprehensive enabling legislation has either passed or is being considered across the country. As a design professional, you have a vested interest in influencing how these laws are written and how your services will be procured. You can view a comprehensive webinar on the legislative landscape. Contact your state professional association to explore ways for you (and your profession) to get involved.
(3) New Stand-Alone P3 Agencies are…
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