United States Department of Transportation
i
Monitoring and Oversight of Public-Private Partnerships (P3s) [fact sheet]
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2022-07-18
[PDF-130.68 KB]
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Abstract:The use of Public-Private Partnerships (P3s) marks a shift away from traditional ways of procuring and financing highway projects. Under traditional procurement processes, private contractors construct projects based on a public design using public funding. The projects are then operated and maintained by public agencies. With the P3 model, a private partner participates in a long-term contract involving some combination of design, construction, financing, operations, and maintenance, including collection of toll revenues. After a P3 agreement is signed, the public agency must manage the contract to ensure that it achieves the performance standards established in the agreement. Performance monitoring and oversight will require building a strong set of skills within the public agency due to the need to maintain these oversight responsibilities in-house. This includes the need for contract management skills to monitor performance against the established performance standards and manage accordingly. The capacity to monitor technical performance during construction and operations can be critical to ensuring efficient service delivery.
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