Public Transportation Guidebook for Small- and Medium-Sized Public-Private Partnerships (P3s) (2017) / Chapter Skim
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Pages 78-86
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From page 78... ...
78 C h a p t e r 4 This chapter accomplishes two primary objectives: • Introducing the reader to the P3 Project Screening Checklist and how to use it and • Offering mitigation strategies for transit agencies to turn to when checklist answers indicate that more information is required to successfully plan and execute a P3. 4.1 Understanding the Checklist The P3 Project Screening Checklist is an interactive, dynamic tool designed to support transit agencies in assessing the appropriateness of delivering a transportation project as a P3.
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evaluating and executing a p3 79 initiation, planning, implementation, benefits, and other. Depending on the response to each evaluation question, the respondent will be prompted to provide a follow-up narrative detailing the rationale for each answer.
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80 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) 4.1.3 Project Definition This section of the P3 Project Screening Checklist is intended to help transit agencies better define the parameters of its proposed P3.
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evaluating and executing a p3 81 P3s. However a transit agency may have its own internal regulations regarding the competitive bid processes, procurement, contracting, and project delivery.
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82 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) Public and Private Risk One of the greatest benefits public partners can receive from a P3 is the transfer of risk from the public partner to the private sector.
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evaluating and executing a p3 83 Team Members Building a competent team of both core and support staff from within the user's organization was identified as a critical element of success by all interview participants. The user should evaluate whether a group has the internal sources and staff capacity to implement and oversee a P3 and, if not, what additional resources may be required.
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84 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) Communications Interview participants also identified the need for clear and open communications between internal staff, the public, and their private partners.
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evaluating and executing a p3 85 Mutual Objectives The premise of a P3 is built on two parties mutually benefiting from the proposed partnership. A clear understanding of the ultimate objective of each partner was identified as a crucial element of success.
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86 public transportation Guidebook for Small- and Medium-Sized public-private partnerships (p3s) Mitigating Complications Understanding what issues may arise and how to troubleshoot before they occur can save both parties money and time.
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