Conducting Procurement for Public-Private Partnerships (P3s) [fact sheet]

Federal Highway Administration2022PDFBriefUnited States. Federal Highway AdministrationUnited States. Federal Highway Administration. Center for Innovative Finance SupportDeCorla-Souza, PatrickUnited States. Department of Transportation. Federal Highway AdministrationUnited StatesPublic private partnershipsContract administrationInfrastructureProject managementDesign build constructionUnder the Public-Private Partnerships (P3s) model for procuring highway facilities, a private partner participates in a long-term contract involving some combination of design, construction, financing, operations, and maintenance, including collection of toll revenues. Key issues that public agencies must consider in conducting a P3 project procurement are structuring the agreement, conducting a fair and competitive procurement process, and negotiating a final agreement that is transparent and protects the public interest.143