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Conducting Procurement for Public-Private Partnerships (P3s) [fact sheet]
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2022-07-18
[PDF-150.46 KB]
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Abstract:Under the Public-Private Partnerships (P3s) model for procuring highway facilities, a private partner participates in a long-term contract involving some combination of design, construction, financing, operations, and maintenance, including collection of toll revenues. Key issues that public agencies must consider in conducting a P3 project procurement are structuring the agreement, conducting a fair and competitive procurement process, and negotiating a final agreement that is transparent and protects the public interest.
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