P3 Projects – What You Should Know About Risk and Risk Allocation

Live Webinar

  • 90 minutes
  • 8 Days Left
     Apr 08, 2020
  •   01:00 PM - 02:30 PM ET
    10:00 AM - 11:30 AM PT

This webinar presents the results of a research effort concerning Public-Private Understanding (P3) Projects. P3 projects are growing in popularity in the U.S. but are, all too often, misunderstood by project participants and the public. One study of 20 P3 projects determined that 14 projects were completed and operational. However, 6 projects, some 30% of the sample study, were in default or bankruptcy. The presenters of this webinar were personally involved in the 1st P3 project in the nation to go into bankruptcy. The webinar identifies the primary characteristics of a P3 project and explores some common misconceptions concerning this project delivery method and it goes on to present the results of the research effort to determine what risks are involved in P3 projects – many of which are not present in typical construction projects. The research presented in this webinar also reveals how these various risks are addressed by various project participants and how such risks are allocated to different P3 projects.

Join this session by expert speaker James Zack, where he will explain how P3 Projects are structured and how the P3’s risks are allocated contractually.

 Session Highlights: 

  • The characteristics of U.S. P3 projects 

  • Common misconceptions related to P3 projects

  • Why owners opt to employ the P3 project delivery system 

  • What contractors look for when considering their participation in a P3 project 

  • The principles of risk transfer on P3 projects

  •  What typical risks P3 project must be prepared to deal with 

  • Typical risk allocation on P3 projects 

  • The typical causes of P3 project failures

  •  What it takes to successfully manage a P3 project

Why You Should Attend: 

The session explores the various aspects of Public-Private Partnership (P3) projects focusing on what they are; why owners employ this project delivery method; how such projects are structured, and, how risk is typically allocated on P3 projects. P3 projects have multiple participants. By attending this webinar, each participant will learn the advantages and disadvantages of P3 projects; how various P3 projects can be structured from both a legal, business and economic perspective; what owners and bidders look for in P3 projects; and, the keys necessary to successfully manage a P3 project. 

Who Should Attend: 

  • Owners considering the utilization of the P3 project delivery method 

  • Contractors interested in becoming involved in P3 projects

  • Design Professionals and Construction Managers considering the P3 delivery method

  • Attorneys for all Project Participants 

  • Public Decision Makers and Construction Executives contemplating the use of a P3 Project 

You may ask your Question directly to our expert during the Q&A session.

 ** You can buy On-Demand and view it at your convenience.

James Zack

James Zack

James is the Senior Advisor to the Navigant Construction Forum™. The Forum strives to be the construction industry’s resource for thought leadership and best practices on avoidance and resolution of construction project disputes globally. Formerly, he was the Executive Director, Corporate Claims Management Group, Fluor Corporation, one of the world’s largest EPCM contractors.

James was previously Vice President of PinnacleOne and the Executive Director of the PinnacleOne Institute and a Senior Construction Claims Consultant for CH2M HILL, Inc. Jim has, for more than 45 years, worked on both private and public projects throughout the United States and in 28 countries abroad. James is a Fellow of AACE, the Royal Institution of Chartered Surveyors, and the International Guild of Project Controls. In the construction claims field, he is a recognized and published expert in mitigation, analysis and resolution or defense of construction claims and disputes. James is a Certified Construction Manager (CCM), a Certified Forensic Claims Consultant (CFCC) and a Project Management Professional (PMP).

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