Wednesday, September 30, 2015

What is a Public-Private Partnership (P3)?

You'll find the answer below from the Partnership for Public Facilities and Infrastructure Act Guidelines Task Force which was signed into law by Governor Scott in July 2013. I'll have much more on this interesting document in the near future. Below is an excerpt with highlights from the document:

As local governments around the world are in search of alternative options to finance and deliver projects and infrastructure initiatives, public-private partnerships (P3s) are an increasingly attractive solution. Public-private partnership projects are contractual agreements formed between public and private-sector entities that allow for greater private sector participation in both the delivery and financing of public projects. The transportation sector has historically been the most common industry to utilize P3s, but the use of P3s has expanded into other areas of public infrastructure such as water and wastewater, education, health care, building construction, parks and recreation and technology. 

There are many different P3 models with varying levels of public and private responsibility and financial risk. Public-private partnerships are becoming a common tool to bring together the strengths of both sectors. When executed well, P3 projects benefit both the public and private sectors. In addition to maximizing efficiencies and innovations of private enterprise, P3s can provide much needed capital to finance government projects, thus freeing critical public funds for core services and programs. However, P3 projects do not provide a one-size-fits-all solution to the funding challenges local governments are facing, but are a tool local governments should consider, particularly when faced with budget constraints. 

[and. . .]

With the right parameters in place, Florida is well on its way to being an environment that further fosters public and private entities working together to provide the infrastructure and facility solutions Floridians need.

It is very important in this process to understand what an "unsolicited" proposal is:
  • A written proposal for a new or innovative idea that is submitted to an agency on the initiative of the offeror
  • For the purpose of obtaining a contract with the government
  • Not in response to a request for proposals or any other government initiated solicitation

3 comments:

Weetha Peebull said...

Is 'P3' a local artist with a 'PARTNERSHIP'? How many local artists got paid? When is enough enough? I'd like clarification on the topic as I heard no local artists who helped - got paid except for a wimpy WORD SALAD COUPON. For a city planning on spending 73 weeks in CONSULT to 'lobby' in part for 'arts as an industry' must 1st learn to HIRE THEIR OWN P3!

Tell me again what local artist got paid with a P3 and I will stand corrected. I asked if it were not the CRA who squatted a P3 and Georgious Joan said "no, it is the city." (Is Joan getting more beautiful EVERY DAY! GOD she INSPIRES ME!!!!!) But I digress, was reluctant to ask any more questions as I was in deep thought with my "Smart Meter," oops...

Hey, where is that purring sound again?

I believe that all P3's have their place... but all types of P3 are not meant for Everywhere....Some consider P3's to be violent and have the timbre of anarchy to it! Everyone can have whatever P3 they choose in their homes, on their clothes, on their bodies, etc...This may be simple out in the conversation on P3's, when I take a walk and think about it a generic, universal positivity is what I seek. Even when my regimen is balanced and checked by a blood/urine test.

I think there is wonderful art to be had in that P3 for Public Places-THANK YOU.

LWLocal said...

Weetha Dear: you need some help

Anonymous said...

I just read the HH proposal and am pleasantly surprised. This is exactly what we need to overcome our issues at the Beach Complex. Kudos to whoever had the wherewithal to come up with this proposal. Now lets watch the drama unfold as the Red Beach Sign holders sputter up for air to fight HH again. All kidding aside, I think this could help us make the beach what we all intended it to be several years ago.