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Center for
Innovative Finance Support
FHWA Office of Innovative Program Delivery
Center for Innovative Finance Support
U.S. DOT Build America Bureau

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P3-VALUE Analytical Tool

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Practitioners may use the P3-VALUE 2.3 Analytical Tool to better understand the concepts, inputs, key assumptions and outputs from evaluations of risk, financial feasibility, benefit-cost and "value for money" analyses used to compare the aggregate financial benefits and costs of a P3 alternative with conventional procurement. The P3-VALUE 2.3 Analytical Tool is an Excel-based spreadsheet tool designed to educate the user. As a conceptual educational tool, it is not intended for use in detailed evaluation of actual projects. The P3-VALUE 2.3 Analytical Tool is intended to assist practitioners in the planning and high-level screening evaluation of P3 procurements.

A webinar series delivered by the Build America Bureau and FHWA demonstrates the features of P3-VALUE.

P3-VALUE 2.3 User Guide and Concept Guide

PDF

The P3-VALUE 2.3 User Guide and Concept Guide introduce users to the methods used in P3 evaluation. The Guides explain how the P3-VALUE 2.3 Analytical Tool can help users understand the processes and considerations that go into a rigorous quantitative analysis of P3 procurement options for transportation projects. They explain the inputs, assumptions, and outputs of the tool, and the concepts behind the methodologies used in the tool.

P3-VALUE 2.3 User Guide and Concept Guide Addendum

PDF

This report is an addendum to the P3-VALUE 2.3 User Guide and Concept Guide. This addendum was developed to provide methodologies to estimate VfM analysis inputs pursuant to the Bipartisan Infrastructure Law.

P3-VALUE 2.3 Quick Start Guide

PDF

The P3-VALUE 2.3 Quick Start Guide provides a brief overview of the P3-VALUE 2.3 tool and describes a series of basic step-by-step instructions used to navigate the inputs and outputs of the tool.

P3-VALUE 2.3 FAQs

PDF

 

P3-VALUE 2.3 Analytical Tool

Excel (macro-enabled)

This tool has four components:

  • The Risk Assessment component assists the user in understanding the process used in identifying, defining, valuing, and allocating risks. The outputs from this component are used as inputs into the Value for Money, Benefit-Cost and Financial Viability components.
  • The Value for Money Analysis component assists the user in understanding the process used in conducting an evaluation of the financial impacts of P3 delivery in comparison with conventional delivery.
  • The Benefit-Cost Analysis component assists the user in understanding the process used in conducting an evaluation of the societal impacts of P3 delivery in comparison with conventional delivery.
  • The Financial Viability Analysis component assists the user in understanding the process used in conducting an evaluation of the affordability to the public agency of P3 delivery option and the conventional delivery option.

P3-VALUE 2.3 also has a simplified inputs option that allows the user to perform a simplified high-level analysis of financial viability, value for money, and benefit-cost analysis without having to enter all inputs required for more detailed analysis.