The P3 Toolkit provides tools and guidance documents to assist in educating public sector policy-makers, legislative and executive staff, and transportation professionals in the use of P3 strategies.
A key component of P3 procurement involves the transfer of certain risks from the public agency procuring the project to the private sector partner.
Value for Money analysis is a process used to compare the financial impacts of a P3 project against those for the traditional public delivery alternative.
With highway P3 projects, the private partner may participate in some combination of design, construction, financing, operations and maintenance, including collection of toll revenues.
Benefit-cost analysis is a process used to compare the societal impacts of a P3 project against those for the traditional public delivery alternative.
Once public agencies have identified a project as having the potential to be procured as a P3, they typically conduct a series of progressively more rigorous evaluations to determine the best approach to delivering the project. These evaluations help decision makers choose how best to structure and procure a potential P3 project.
