The Reality of Public-Private Partnerships (P3's)

image credit: Adha Ghazali/shutterstock.com

State and Federal deficits are ballooning at an alarming rate, and maintaining the Infrastructure hasn’t yet become a priority. Politicians are struggling to find the balance between the need to fix our infrastructure and how to fund the costs.

In recent years, a solution to this struggle is Public-Private Partnership (P3’s). This is a partnership where the Public Entity outsources the responsibility of building and/or maintaining an Infrastructure asset to a Private For-Profit Company.

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Topics: construction contract, public-private partnership

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