Early, Practical Steps for Public Owners to Build Better Partnerships and Support Successful P3 Project Delivery (Part 1)
This three-part series offers practical steps for public owners to take to support better partnerships, and successful project delivery. The first part of this series focuses on how public owners can identify thoughtful goals and objectives to frame project delivery and the prospective partnership.
A foundational best practice in the world of public-private partnerships (P3s) is to focus on and value the benefits of relationship building between the public- and private-sector partners. This is readily apparent during project delivery, where a partnership can often become strained, potentially diverging into contentious, when partners lose touch with the value of the relationship they built (or should have built). The value proposition of a P3 is maximized at alignment of interests, and when interests are misaligned, this value falls away.
Read the full article here. (Subscription may be required.)