P3

Public-Private Partnerships (P3): When the Contractor Becomes the Long-Term Operator

Public-private partnerships combine design-build construction with long-term operations and financing. A P3 concessionaire designs, builds, finances, operates, and maintains a public asset (highway, building, transit) over 25-35 years in exchange for availability payments or user fees. P3 deals involve enormous contracts, complex financing, and operational commitment that extends far beyond construction. Contractors participating in P3 build specific capabilities in finance, operations, and long-horizon thinking.