Construction Owners Trade Association Takes Note of Public/Private Partnerships
The movement towards public/private partnerships (“3P”) as the wave of the immediate future in public construction continues to gain momentum. Construction Owners Association of America (“COAA”) is presenting a workshop on this topic on February 10, 2012 at 10:00 am in Orlando. The site appears to be the Hilton Hotel on International Drive, but I’ll forward definitive details as soon as they are available.
The program will begin with a presentation from the University of Florida about a sizeable 3P project they are undertaking just east of campus on the site formerly occupied by Alachua General Hospital. Next will be a presentation from a private developer out of San Diego with extensive experience with 3P projects around the country to discuss how they have selected, funded and administered 3P jobs. These two presentations alone, while not constituting the entire program, will give great insight into the 3P opportunities we will soon face in Florida, from both the owner’s and contractor’s perspective.
The program will then continue with a short lunch presentation by me on the status of the pending 3P legislation, about which I have previously blogged, as well as a summary of what that legislation would provide. Next (subject to final confirmation) will be a presentation by George Burgess, former Miami-Dade County Manager and current COO of Becker & Poliakoff, on funding options for 3P jobs – where to find funds and creative ways to come up with them. George was very involved in putting together 3P jobs for Miami-Dade County, such as the current tunnel construction and the various Metrorail stations. He sits with me on Becker & Poliakoff’s 3p team.
The workshop will close with a question and answer session. Watch this blog for a copy of the agenda and registration form in the near future. Catch the wave – 3Ps are the wave of the immediate future, providing great opportunities for public owners, as well as private contractors, subcontractors and developers. Learn about them now and start positioning yourself to capitalize on them.