P3

Public Private Partnerships

Bringing the strengths of the private and public sectors together

Comfortable classrooms. Healing environments. Efficient facilities. However, many public sector entities don’t have the dollars needed to construct new facilities and maintain their existing ones.

The public and private sectors can solve these problems by working together.

The Public Private Partnership (P3) model delivers energy efficient buildings despite economic conditions. Government agencies transfer the risk of design, construction, finance and operations to the private sector in exchange for guaranteed fixed monthly payment terms and service levels.

This model enables governments to accurately measure, budget and manage the total cost of ownership of a building. This results in:

  • Cost effective and efficient capital market access
  • Greater governance, transparency and discipline of public spending
  • Timely construction of building projects
  • Innovative building designs and operational strategies
  • Continuous improvement in life safety, building operations and energy efficiency
  • Job creation for your community. 

How does P3 work?