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Public-Private Partnership Evaluation Training Course

The FHWA Center for Innovative Finance Support has developed a series of training sessions for interested state, regional, and local government officials. The purpose of this training is to provide information and tools to government officials looking to improve their understanding of how to evaluate potential P3 proposals.

Who can request this training? Any state, regional, or local transportation entity can request the training.

What does the training consist of? An FHWA-sponsored instructor will present in-person training at your site. The training will be tailored to address the needs of each requesting agency. The agenda and training modules presented will be determined through a discussion with FHWA staff and an evaluation of needs.

What type of training is it? The training is a mix of presentations, class discussions, and hands-on computer training using the P3-VALUE 2.0 tool, an Excel-based set of spreadsheets that provide a better way to understand the development and evaluation of P3 bids from the public and private sector perspectives.

How long is the training? Depending upon the training course options selected, the training can be as short as 1/2 day or as long as 3 days. The intent is to fit the training schedule to meet the needs of your agency.

How many staff can participate and what does the requesting agency need to provide? Training can be provided for a maximum class size of 40 students. There is a no minimum. The agency will need to provide the classroom (and computers, especially if an evaluation case study using P3-VALUE 2.0 is included in the course).

For more information contact Patrick DeCorla-Souza.

Download the P3 Training Flyer


Introduction to P3s and P3 Evaluation

This introductory module provides an overview of P3 concepts and delivery methods, P3 risk assessment and valuation, P3 financial structuring and assessment, and value for money analysis. See the FHWA primer, Value for Money Analysis for Public-Private Partnerships.

Successful P3 Practices and Model Contracts

This module presents Key concepts for the structuring and development of legal contracts for highway transportation P3s in the United States.  It illustrates how P3 contracts are developed and structured and explains the major provisions in typical contract.  See the FHWA Model P3 Contract Guide.


P3 Project Financing

This module explains how a public agency can assess the financial viability of a P3 delivery method and consider the cash flows under a P3 vs. the conventional approach to assess the affordability of the project and its marketability as a P3. The module describes the typical financial structure of a P3 project and explains how the potential financial costs of the private sector may be calculated. The module defines basic financial metrics used to measure debt capacity, bankability and equity returns. See the FHWA primer Financial Structuring and Assessment for Public-Private Partnerships.

P3 Risk Assessment and Valuation

This module explains how to conduct a risk assessment of a project for the purpose of valuing risk and assessing the appropriate project delivery method for the project. The module defines typical risk categories for a P3 project and explains how to use a risk workshop to identify, categorize, document and value risks. It describes different methodologies for valuing risk including formula-based analysis, Monte Carlo simulation, and the market-based valuation of lifecycle performance risk. Finally, the module discusses how risk costs can be used as an input to value for money analysis and benefit-cost analysis. See FHWA's Guidebook for Risk Assessment in Public-Private Partnerships.

Value for Money Analysis

This module walks students through the steps in conducting a VfM analysis - defining the project, conducting a risk assessment, developing a Public Sector Comparator, developing a Shadow Bid, and comparing delivery methods. See the FHWA's Guidebook for Value for Money Assessment or Public-Private Partnerships.

Benefit-Cost Analysis

This module walks students through the steps in conducting a P3 project delivery benefit-cost analysis, including estimating societal benefits from accelerating project delivery as well as benefits from direct P3 impacts relating to costs, schedule, quality of service and facility usage, such as traveler benefits from changes in travel time, vehicle operating costs and accident costs, and changes in emissions. See FHWA's Benefit-Cost Analysis for Public-Private Partnership Project Delivery: A Framework.

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