Frequently Asked Questions

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A P3 is a long-term contract between a public agency and private partner to deliver public infrastructure. The private partner assumes responsibility for design, construction, and financing, transferring significant risk from the public sector.

Traditional procurement requires upfront capital and separate contracts for design, construction and options for maintenance. P3s bundle all services under one agreement with a single point of accountability, proven track record of better cost and schedule performance, and comprehensive risk transfer to the private sector.

Communities choose P3s to: bridge the infrastructure funding gap, accelerate project delivery, transfer construction and operational risks, preserve debt capacity, achieve budget certainty, and access private sector innovation and efficiency.

Fire stations, police facilities, emergency operations centers, civic buildings, maintenance facilities, community centers, and other essential public infrastructure that serves a public purpose.

The P3 process involves determining respective roles between private and public sectors regarding financing, permitting, property acquisition, design, construction, and operations based on community needs and project-specific factors.

P3 lease payments are typically structured as operating expenses and may not count against debt limits, depending on local accounting standards and lease structure - helping preserve your borrowing capacity for other priorities.

Terms vary but typically include options to: end the lease, transfer ownership to the public entity, or negotiate a lease agreement for continued services.

P3 contracts include performance requirements, service level agreements, and processes to resolve performance failures, with sufficient incentives to ensure compliance throughout the contract term.