When significant infrastructure projects need to be built or managed for the public’s use, such as municipal maintenance, a public-private partnership (P3) may be an invaluable resource. This type of partnership is formed between government entities, such as the city or federal government, and private-sector businesses that operate within the industry related to the project.
Roles of Each Partner
The public entity often owns and retains the assets throughout the process. For this reason, a P3 is especially useful in countries where municipal services and infrastructure that serve the public must, by law, be owned by the government. The partnership is established based on a fixed price, in many cases.
Two examples of P3 projects are:
In an O&M, the public entity owns an asset and forms a contract with a private-sector entity to operate it, such as with municipal landscape management. These contracts are generally for a specific period of time and the public entity retains ownership.
In a DB partnership, the public entity provides specifications for the project and often at a fixed price. The private-sector entity designs, builds, and bears the risks for it.
Examples of P3 Projects
These types of partnerships have been used for a monorail connecting downtown Denver to the Denver International Airport; an expansion of highways and freeways in Denver; and other areas of infrastructure, such as waste water treatment plants. Another P3 example is one we were personally involved in: Through one of Monarch Landscape Companies’ revered subsidiaries, we formed the first accredited P3 of its time with CH2M-Hill and the City of Centennial Public Works department.
Why and How To Form a P3
A P3 is an excellent way to develop or maintain essential infrastructure efficiently by utilizing industry professionals. It also lowers the risks for the public entity. For your next public works project, talk to one of our P3 experts to have all your questions answered. We are established throughout much of the United States and are equipped to meet a variety of needs including infrastructure, hardscape and irrigation.
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The major challenge of this project related to irrigation inspections and repairs that needed to be made in a timely manner. Because of the intense heat, a healthy landscape is dependent on a well-maintained irrigation system.
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