public private partnerships l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Public Private Partnerships PowerPoint Presentation
Download Presentation
Public Private Partnerships

Loading in 2 Seconds...

play fullscreen
1 / 30

Public Private Partnerships - PowerPoint PPT Presentation


  • 398 Views
  • Uploaded on

Public Private Partnerships. Presented by Jerry Fay, PE. Public Private Partnership FHWA Definition. A public-private partnership is a contractual agreement formed between public and private sector partners, which allows more private sector participation than is traditional.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Public Private Partnerships' - ostinmannual


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
public private partnerships

Public Private Partnerships

Presented by

Jerry Fay, PE

public private partnership fhwa definition
Public Private PartnershipFHWA Definition

A public-private partnership is a contractual agreement formed between public and private sector partners, which allows more private sector participation than is traditional.

another definition
Another Definition

A public-private partnership exists when public sector agencies (federal, state, or local) join with private sector entities (companies, foundations, academic institutions or citizens) and enter into a business relationship to attain a commonly shared goal that also achieves objectives of the individual partners.

typical uses
Typical Uses

Contracting with a private company to:

  • Renovate
  • Construct
  • Operate
  • Maintain
  • And/or Manage

A facility or system

history
History
  • Goes back to the earliest construction in the United States
  • Used extensively in Europe and other countries
  • Significant renewed interest in the 1980s
  • FHWA Legislation, ISTEA (1991),

SAFETEA-LU (2005)—SEP 15

slide6
Why

Traditional funding sources are not keeping pace with infrastructure investment needs and the growing public demand for services.

slide7
Why

In short, P3 is a tool that can help governments meet demands for the development of modern and efficient facilities, infrastructure and services while providing value for taxpayers.

benefits
Benefits
  • Expedited project completion
  • Project cost savings
  • Improved quality
  • Use of private resources
  • Access to new sources of private capital
four basic dimensions of p3
Four Basic Dimensions of P3

Although each is unique, all P3’s include four basic characteristics:

  • Shared goals
  • Shared resources (time, money, expertise, people)
  • Shared risks
  • Shared benefits
typical funding sources
Typical Funding Sources
  • Tolls
  • Tax Increment Finance
  • Fees
  • Grants
  • Loans
  • Bonds
  • Other Revenue Streams
slide11

Getting Started

  • How do you create one?
  • How do you implement one?

A Public entity’s perspective of finding and contracting with the best private sector partner.

slide12

Two Major Steps

  • Crafting the Partnership
  • Implementing the Partnership

IMPLEMENTATION

CRAFT

slide13

P3 Project Management

CRAFT

IMPLEMENTATION

GENESIS

FEASIBILITY

OPERATE

PLAN

& TEST

PROCURE

IMPLEMENT

slide14

2. Feasibility

3. Plan & Test

4. Procure

5. Implement

6. Operations

Six Distinct Phases

1. Genesis

slide15

2. Feasibility

3. Plan & Test

4. Procure

5. Implement

6. Operations

1. Genesis

genesis
Genesis
  • What’s the need
  • What’s driving the need, rationale
    • Facility non-compliance, natural disaster, budget deficit
  • Is there a need for a Public/Private Partnership?
  • Preliminary Project Definition
slide17

1. Genesis

3. Plan & Test

4. Procure

5. Implement

6. Operations

2.Feasibility

feasibility
Feasibility
  • Is a Public/Private Partnership feasible, not only financially, but practically? Can it be done?
  • Market Research
  • Economic/Financial Analysis
  • Program, Budget and Schedule
  • Risk Analysis
slide19

1. Genesis

2. Feasibility

4. Procure

5. Implement

6. Operations

3. Plan & Test

plan and test
Plan and Test
  • Final project definition
  • What is the best way to complete the project?
  • Has the plan been thoroughly tested to assess market demand, public and stakeholder feedback and economics?
plan and test21
Plan and Test
  • Master Schedule/Budget
  • Political Climate
  • Any potential “fatal flaws” that could derail the project?
slide22

1. Genesis

2. Feasibility

3. Plan & Test

5. Implement

6. Operations

4. Procure

procurement and contracting
Procurement and Contracting
  • How do you choose and contract with the best-value private partner?
  • What’s the best delivery method?
    • Design-Bid-Build
    • Design-Build
    • Finance-Design-Build
  • What do current statutes allow?
procurement and contracting24
Procurement and Contracting
  • Procurement Approach
    • Sole Source, RFP, Low Bid
  • Risk Allocation between Public and private Partners
  • Structuring of Contract/Risks and Rewards
slide25

1. Genesis

2. Feasibility

3. Plan & Test

4.Procure

6. Operations

5.Implement

implement
Implement
  • Environmental
  • Design
  • Permitting
  • Construction
  • Commissioning and Administration
slide27

1. Genesis

2. Feasibility

3. Plan & Test

4. Procure

5. Implement

6. Operations

operate
Operate
  • Startup
  • Monitoring
  • Assessment
  • Enhancement
  • Contract Modifications
  • Contract Renegotiations
slide29

P3 Program Management Summary

GENESIS

FEASIBILITY

PLAN

& TEST

PROCURE

IMPLEMENT

OPERATE

  • Prelim Project Definition
  • Seed Funding
  • Objectives Register
  • Alternatives Index
  • Prelim Schedule/ Budget
  • Prelim Economic/ Financial Analysis
  • Qualitative Analysis
  • Fatal Flaw Analysis
  • Process Map & Strategy
  • Feasibility Report/ Project Approval
  • Asset/System Evaluation
  • Site Selection/ Analysis
  • Environmental/ Permitting Analysis
  • Final Project Definition
  • Master Schedule/ Budget
  • Political Climate Assessment
  • Procurement Strategy
  • Prelim Business Plan
  • Public/Vendor Outreach & Stakeholder Consultation
  • Business Plan
  • Risk Assessment/ Allocation
  • Delivery Methodology
  • Commercial Terms
  • /Contract Principles
  • Deal Structuring
  • Concept Design/ Performance Specs
  • Procurement Documents
  • Vendor Pre- Qualification
  • Vendor Proposal Evaluation
  • Contract Negotiations
  • Design Compliance
  • Construction Oversight
  • Commissioning Administration
  • Startup
  • Monitoring
  • Assessment
  • Enhancement
  • Contract Mods
  • Contract Renegotiations
conclusion
Conclusion

Questions

and

Discussion