Public-Private Partnership (P3) is an alternative delivery method allowing public entities to benefit from private-sector expertise and innovation to design, build, finance, operate, and maintain a capital project. P3s provide a means for public-sector projects that otherwise would not succeed using traditional funding methods. By using P3, the public sector can deliver a wide range of project types – schools, public service buildings, transportation infrastructure, and water/wastewater treatment plants.
Unlike traditional construction, P3s often involve complex contracts, design-build delivery, innovative financing, and numerous stakeholder objectives. MBP has a proven track record of achieving client goals while reducing and managing risk – starting with project inception and continuing through the project lifecycle – providing our clients with an effective, transparent, and cost-efficient form of risk management.
If you are considering P3, early planning is key. MBP has identified a series of milestones to meet you where you are in the process for the proper execution of a P3 project. If you have any questions please feel free to contact us directly at P3@mbpce.com.