A better understanding of P3 development produces the most beneficial results for the public agency. Part of our mission at PFG is to help prepare and educate public agencies so that they can achieve the best quality building for the least cost and impact to cash flow.
While we do advocate for the New American Approach, we keep our courses as non-advertorial as possible. We offer honest and frank conversations. Our attendees should come away from our courses more informed, confident and ready to make quality decisions regardless of our involvement in their development project.
Webinar Course Descriptions
Webinars may be attended in any order. All courses are free. Space is limited. To register please email Matt Calcavecchia to reserve your spot.
Assembling a P3:
The Best of Both Worlds
We begin the webinar series by studying the basic concepts behind public works processes and comparing them to the standard private development process. Our ultimate goal is to select the best aspects of public sector development and private sector development and build our P3 approach around them.
This session lays the ground work for determining what should be considered when pursuing a P3. Having a quality understanding of a partner’s experience and ideology is beneficial to both the public agency as well as the private development team involved in the project. It helps with communication, negotiation and problem solving amongst all involved. The discussion focuses on both practical and cultural decision making and addresses procurement, predevelopment, construction, financing and managing risk.
P3 Model Comparison
The webinar is built around our white paper titled: A THEORETICAL COST COMPARISON OF P3 AND TRADITIONAL PUBLIC DELIVERY MODELS USED IN DEVELOPING SOCIAL INFRASTRUCTURE. Where we presents three distinct approaches to a hypothetical social infrastructure development and analyzes the costs of that project as they relate to each approach. The three models presented are Traditional Public Delivery, The American P3 Approach, and the Availability Based P3 Approach. The paper defines each category of cost and how the data inputs were determined, explains the basic concepts that differentiate those costs, and calculates the projected cost of a theoretical high-end $200 million, 313,824 gross square foot building.
The webinar will review the content in the white paper and provide a venue for questions and comments.
The New American Approach: Using Tax-Exempt Bonds in a P3
The most advantageous contribution to development a Public Agency can make to their P3 project is the ability to access tax-exempt debt. This discussion uses the concepts learned in the first two webinars to introduce the New American Approach, explain its advantages and disadvantages over typical public procurement models as well as comparing and contrasting it with other P3 development models.
Assessing a P3: Questions and Answers
Meant to be a workshop as much as an informational webinar, this problem solving session offers an in depth review of the more technical aspects of a P3. We will discuss in detail topics like the public works processes, cash flow and ‘off-books’ concerns, political risk, asset management, and operations and maintenance. We have also included a substantial Q&A period to address individual and project specific concerns.