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Tradeoffs of Collaborative/Progressive Public-Private Partnerships (P3s)
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2024-09-30
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[PDF-1.93 MB]
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Corporate Contributors:United States. Department of Transportation. University Transportation Centers (UTC) Program ; United States. Department of Transportation. Office of the Assistant Secretary for Research and Technology ; Center for Integrated Asset Management for Multimodal Transportation Infrastructure Systems (CIAMTIS) (UTC)
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Edition:Draft Final Report 06/01/2023 – 09/30/2024
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Abstract:Progressive Public-Private Partnerships (P3s) have received considerable attention recently as a potential strategy to address issues such as inappropriate risk allocation in conventional P3s. Progressive P3s allow greater collaboration between a public agency and a developer to enhance a project’s feasibility, but they introduce potential tradeoffs such as the loss of competitive tension or market forces found in more conventional procurements. Consequently, this report further explores progressive P3s by identifying the characteristics of collaborative/progressive delivery methods, completing cases studies of two progressive P3 initiatives, the Major Bridges P3 Program in Pennsylvania and the Op Lanes in Maryland, and conducting interviews with subject matter experts (SMEs). The findings indicate that progressive P3s should be among the options considered in the spectrum of project delivery methods. They are particularly suitable for complex transportation projects with high levels of uncertainty where the early involvement of a developer or contractor can allow collaboration between the public and private entities to shape the scope of a project, collect additional information about a project’s conditions and environment and develop better risk management strategies. However, progressive approaches introduce both challenges and key considerations for public agencies and private developers and contractors. For instance, pricing an evolving scope of work has proven difficult and this approach does not relieve a public agency from performing reasonable due diligence and project preparation before selecting a private partner. Future research can further examine strategies or methods that mitigate the challenges of progressive P3s and enhance their strengths.
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