This webinar presents the results of a research effort concerning P3 projects. The session explores various aspects of P3 projects focusing on what they are; why owners employ this project delivery method; how such projects are structured, and, how risk is typically allocated on P3 projects. P3 projects are growing in popularity in the U.S. but are, all too often, misunderstood by project participants and the public. One study of 20 P3 projects determined that 14 projects were completed and operational. However, 6 projects, some 30% of the sample study, were in default or bankruptcy. The presenter was personally involved in one of the first P3 projects in the nation to go into bankruptcy. The webinar identifies the primary characteristics of a P3 project and explores some common misconceptions concerning this project delivery method. The webinar goes on to present the results of the research effort to determine what risks are involved in P3 projects – many of which are not present in typical construction projects. The research presented in this webinar also reveals how these risks are addressed by various project participants and how such risks are allocated to different P3 projects.

Learning Objectives:-

• Understand how P3 projects may be structured.
• Become familiar with risk allocation under P3 contracts.
• Discover why some P3 projects have failed.
• Recognize that different project structures may have different risks.
• Examine perceived benefits and potential risks.

Areas Covered:-

• The characteristics of U.S. P3 projects.
• Common misconceptions related to P3 projects.
• Why owners opt to employ the P3 project delivery method.
• What contractors look for when considering their participation in a P3 project.
• The principles of risk transfer on P3 projects.
• What typical risks P3 project participants must be prepared to deal with?
• Typical risk allocation on P3 projects.
• The typical causes of P3 project failures.
• What it takes to successfully manage a P3 project.

Background:-

Public Private Partnership (P3) projects are becoming more common in the U.S. There are many misperceptions concerning P3 projects. This webinar is designed to provide an objective overview of this unique project delivery methodology. The webinar discusses what owners and contractors should consider before entering into P3 agreements; risk allocation under P3 contracts; and what it takes to successfully manage these unique projects.

Why Should You Attend:-

Public Private Partnership (P3) projects have multiple participants. Each participant must learn the advantages and disadvantages of P3 projects; how P3 projects may be structured from both a legal, business, and economic perspective; what owners and potential bidders look for in P3 projects; and, the keys necessary to successfully manage a P3 project.

Who Should Attend:-

• Owners considering utilization of the P3 project delivery method.
• Contractors are interested in becoming involved in P3 projects.
• Design professionals and construction managers consider the P3 delivery method.
• Attorneys for all project participants
• Public decision-makers and construction executives contemplating the use of a P3 project.