Understanding the rising benefits of public-private partnership companies
In most developed countries including in The United States of America, governments are increasingly partnering with public-private partnership consulting firms to implement public infrastructure works. In this blog post, we will talk about the benefits of public-private partnerships (P3s) for project delivery. The pain points that can be addressed by P3s A strategic P3 approach can mitigate the schedule delays and overruns that plague traditional infrastructure project delivery by allocating shared risk, clearly delineating governance, applying best practices, integrating resources and establishing a life cycle-long perspective of accountability and costs. Institutions face recurring challenges with their capital portfolios that are not often related to financing. Public-private partnerships can address each of these points to different degrees depending on the specific project. Poor alignment with strategy Implementation can be delayed, or support can wane when projects aren’t b