| AP | Availability Payment |
| BCA | Benefit Cost Analysis |
| BS | Balance Sheet |
| CF | Cash Flow |
| CFADS | Cash Flows Available to Debt Service |
| DSCR | Debt Service Coverage Ratio |
| DSRA | Debt Service Reserve Account |
| GPL | General Purpose Lanes |
| IRI | International Roughness Index |
| IRR | Internal Rate of Return |
| ML/TL | Managed Lanes or Tolled Lanes |
| MMRA | Major Maintenance Reserve Account |
| O&M | Operations and Maintenance |
| PDBCA | Project Delivery Benefit-Cost Analysis |
| P&L | Profit & Loss |
| PSC | Public Sector Comparator or Conventional Delivery |
| P3 | Public-Private Partnership |
| V/C | Volume/Capacity Ratio |
| VDF | Volume Delay Function |
| WACC | Weighted Average Cost of Capital |
The Concept Guide provides a detailed discussion on a number of concepts used to develop P3-VALUE 2.2. More specifically, the Concept Guide contains the following sections:
The Concept Guide is not a comprehensive document in the sense that not all possible topics relevant to risk analysis, financial feasibility assessment, value for money and project delivery benefit-cost analysis are discussed. This Concept Guide focuses on those topics that were considered key in the development of P3-VALUE 2.2. For more comprehensive discussions of the concepts, the reader is advised to review the various guidebooks available in the P3 Toolkit section of the website of FHWA's Office of Innovative Program Delivery - including the Risk Assessment Guidebook, the Value for Money Analysis Guidebook, the P3 Project Financing Guidebook, and the Project Delivery Benefit-Cost Analysis Framework guide.
