Higher Education P3 for Buildings

Government cutbacks on infrastructure spending in recent years have contributed to greater demand for public private partnerships, known as P3 or PPP. These arrangements enable private funding of public infrastructure with the transfer of risk to the private sector. P3s promote higher quality, enhanced creativity and greater coordination by bringing all parties and experts to the table. Greater efficiencies enabled by P3s can move projects to completion faster and reduce inflationary costs. P3s have been found to work particularly well in the higher education sphere. P3s are highly customizable, but are not suited for all projects. The decision to go P3 should be considered on a case-by-case basis considering the unique circumstances of each project.