| Title | P3 Toolkit: Value for Money Analysis for Public-Private Partnerships (P3s) |
|---|---|
| Record ID | 74774 |
| Personal Name Contributor |
DeCorla-Souza, Patrick T. |
| Corporate Creator | United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery |
| Publisher | United States. Department of Transportation. Federal Highway Administration. Office of Innovative Program Delivery |
| Publication Date | 20170101 |
| Language | English |
| Abstract | Under a Public–Private Partnership (P3) for highway projects, a private partner may participate in some combination of design, construction, financing, operations, and maintenance, including the collection of toll revenues. Value for Money (VfM) analysis is a process used to compare the financial impacts of a P3 project against those for the traditional public delivery alternative. The methodology for carrying out a VfM analysis involves: Creating a Public Sector Comparator (PSC), which estimates the whole-life cost of carrying out the project through a traditional approach; Estimating the whole-life cost of the P3 alternative (either as proposed by a private bidder or a hypothetical “shadow bid” at the pre-procurement stage); Completing an “apples-to-apples” comparison of the costs of the two approaches. |
| Rosap ID | dot:55651 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/55651 |
| TRT Terms | Public private partnerships; Infrastructure; Government agencies |
| Geographical Coverage |
United States |
| Resource type | Brief |
| URL | https://ntlrepository.blob.core.windows.net/lib/74000/74700/74774/p3_toolkit_03_vfm.pdf |
| Format | |
| Database | NTL Digital Repository |