DESCRIPTION
Learn These P3 Facts before You Launch into Your Next Construction Project
Public-private partnership projects, also known as P3 projects, have grown in popularity in the U.S. construction industry. But they are an often misunderstood entity—one that can open up unwelcome liability for project participants.
Construction industry experts James G. Zack, Jr. have first-hand knowledge of P3 project risks: They were involved in the first P3 project in the nation to go bankrupt. But there have been many more. One research study of P3 projects found that 30% ended in default or bankruptcy. Don’t’ set yourself up for that kind of fail rate when you can learn from other’s mistakes.
In this live webinar, Zack walk you through the real-world advantages and disadvantages of P3 projects, what project owners and bidding contractors should look for in a P3 project, and the elements necessary to see a P3 project through to successful completion. Plus, you’ll learn the various options for structuring a P3 project from all perspectives—legal, business, and economic.
Session Highlights
Here’s a taste of what you will learn in this live webinar:
- The characteristics of P3 construction projects in the U.S.
- Common misconceptions related to P3 projects
- Why owners opt to employ the P3 project delivery system
- What contractors look for when considering their participation in a P3 project
- The principles of risk transfer on P3 projects
- What typical risks P3 project partners must be prepared to deal with
- Typical risk allocation on P3 projects
- Typical causes of P3 project failures
- How to avoid pitfalls and successfully manage a P3 project through to completion
Who Should Attend:
- Owners considering utilization of the P3 project delivery method
- Contractors interested in becoming involved in P3 projects
- Design professionals and construction managers considering the P3 delivery method
- Attorneys for all project participants
- Public decision makers and construction executives contemplating the use of a P3 project
