overview

P3 COLLABORATIVE, LLC (P3C) is an infrastructure consulting business providing training, management consulting and transaction advisory services to the public and private sectors to deliver major capital projects in a more time sensitive and cost effective manner (see the problem below). P3C’s special expertise is collaborative methods for implementing public private partnerships (PPP) for energy, transportation, education and environmental infrastructure by use of innovative and integrated contracting, financing and team building approaches (see the solution below).

 

CHRIS KANE, P.E., J.D. is Managing Director of P3C. He has a combined background in engineering, management and law with more than 30 years of experience in the development, design, construction, and operation of infrastructure. Chris has worked on the development of over $10 billion in PPP projects including Dulles Metrorail, Georgia Toll Roads, Hudson Bergen Light Rail, Addison Airport, and the Village Charter School.  Projects have also included water facilities, co-generation, district heating, power generation and transmission, schools, clean coal technology, health care, and mixed use development.  

 

The Problem - There is a growing crisis in public infrastructure due to the shortfall in public funds and the age, limited capacity and maintenance of the existing facilities.  By using public private partnerships (PPP) the public and private sectors can collaborate to attract private capital and improve project deliveries. PPP agreements however, are much more complex than traditional design and construction contracts and require much more time and expense to negotiate and execute. Public agencies, who are primary participants in the PPP’s, do not have the internal expertise and must rely heavily on outside consultants.

 

The preparation and negotiations of PPP agreements frequently involve high transaction cost in the millions of dollars, with high priced law firms engaged as well as financial advisors, consultants and constructors.  Often the consultants and law firms actually manage and control the process. In a traditional adversarial bargaining atmosphere it is easy to lose sight of transactional efficiencies. The excessive time it takes to negotiate agreements adds to the cost of the project due to inflation, carrying costs, and other time related increases. 

 

The Solution - P3C can provide process management on behalf of the public sector, and also within private sector teams, to improve the schedule and the cost to negotiate PPP agreements. The firm would manage and facilitate the negotiation process of reaching agreement. This may be most beneficial when the PPP will involve a long term relationship and shared responsibilities, risks and rewards over the course of the project. P3C can continue in the role of performance and agreement monitoring during project implementation, insuring continuity and maintaining an ongoing project connection with the intent of the agreements.

 

The use of the P3C could include one or more of the project phases including:  evaluating and choosing the optimum form and structure for the PPP; working through environmental approval issues; developing the initial term sheet(s); developing the initial development agreement; developing the implementation agreements (design build contract, financing agreements, operations and maintenance agreements, user fee setting agreements, agreements on limits to rate of return); and serving as a source of continuity during contract administration and performance of the various agreements.

SERVICES PROVIDED:

 

Public Education and Training
Facilitated Decision Making for PPP's

 

Creating and Managing Team and Project Structuring

 

Consensus Building for Project Financing and Delivery

 

Preparation and Negotiation of Agreements

Contract Performance Monitoring

 

Change Management and Conflict Resolution

 

AREAS OF EXPERTISE:

 

Public-Private Partnership Agreements

 

Transportation, Water, Energy and School Infrastructure Projects

 

Risk Assessment, Allocation and Management

 

Design-Build (DB),

Design-Build-Operate-Maintain (DBOM),

Concession Contracts

 

Innovative Project Financing

 

Transit Oriented Development

 

Smart Growth and Sustainable Design