Posts Tagged 'P3'

We are pleased to present below all posts tagged with 'P3'. If you still can't find what you are looking for, try using the search box.

U.S. Transportation Market Set to End 2017 on High Note

Airports and ports should continue to experience strong activity through the end of 2017, with increased traffic driving related construction spending on upgrades and expansions. Toll roads will see a more modest boost in revenue due to toll increases and will continue to face resistance from anti-toll groups. 

The P3 Market: America vs. the Rest of the World

Unlike the United States, countries such as the United Kingdom, Australia and Canada have developed a number of practices that add certainty to the pursuit of P3s, including dedicated procurement offices, standardized contracting, and the application of P3s across infrastructure asset classes.

Survey Finds Growing Appetite for P3 Projects

In the next three years, 85 percent of public sector respondents to Husch Blackwell’s third annual Public-Private Partnership (P3) Conference Survey stated they are planning for multiple P3 projects. On the private side, 93 percent of respondents from AEC and financial firms affirmed the same.

Bipartisan Federal Legislation Is a Potential Boon for P3s

For construction companies active in the public-private partnership (P3) or design-build arena, the bipartisan Public Buildings Renewal Act (S. 3177/H.R. 5361) represents a fountain of new work opportunities building or rehabilitating many outdated and dilapidated government-owned facilities—such as public schools, post offices, prisons, courthouses and libraries—that need to be replaced. 

Surety’s Impact on Emerging Trends in Public Construction

Given the choice of security requirements, the surety market continues to provide the product with the best combined benefit for contractors and their obligee in today’s evolving construction and surety markets. 

Surety Industry Advocates for Inclusion of Bonds on Federal and State P3s

Even though procurement methods have evolved—including the use of P3s—construction remains a risky business, making the protections that surety bonds provide for taxpayers’ investments and the payment guarantees for subcontractors and suppliers just as relevant and important in P3s. 

The Need Is Obvious; The Political Will Is Not

P3s are the only conceivable financial solution to America’s infrastructure deficits.  

USACE Embarks on First P3

Construction of the 36-mile flood diversion project, which has been in the works for eight years, will be performed under a public-private partnership—the first ever in conjunction with the USACE. 

New P3 Resources Available

Public agencies developing infrastructure projects now have access to a guide that emphasizes factors local policymakers should consider before entering into a public-private partnership (P3). Additionally, a new study is available that focuses on comprehensive development agreements, which often are associated with toll road P3s.

Canadian Study Highlights Efficacy of P3s; Model Law Published in U.S.

The performance-based incentives and accountability requirements built into public-private partnerships (P3s) result in high-quality projects being delivered more efficiently, cost-effectively and timely than traditional procurements, according to a report issued by a research team from Western University in London, Ontario. 

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