The Rise of the Public-Private Partnership: What to Expect When Bidding on a P3 Project

If you’re in the business of supplying building materials in Texas, chances are you’ve responded to one or more solicitations for a project financed and developed as part of a public-private partnership, or P3. P3s are multi-party infrastructure projects that are financed, planned and developed in collaboration with state and local governments or public agencies. P3s have seemingly unlimited applications, and have been used for the development of transit and transportation, stadiums, hotels and convention centers, industrial parks and entire universities.

The objective of a P3 project is to mitigate risks at a minimal cost to the project by efficiently allocating responsibilities to the most capable parties, and construction risk mitigation is always the first topic of discussion. This article will help you understand what goes on behind the scenes before you get the solicitation, and what you can do to win the bid.  (READ MORE)

(Originally published in TACA Conveyor - Spring 2017)