Risk Management and Transparency in Alternative Delivery

How can public agencies safeguard the public interest when using design-build or P3 procurement? This session delves into governance practices that ensure accountability and success. Topics include conducting rigorous Value-for-Money analyses before committing to an alternative delivery – to prove the P3 or design-build offers clear benefits over traditional methods – and writing contracts with strong performance metrics and oversight provisions. Speakers will emphasize transparency: keeping taxpayers and elected officials informed about long-term commitments and risk assumptions. The panel will examine lessons learned from both successes and missteps, such as why a certain toll road P3 went bankrupt and how better risk assessment and contract structuring could have prevented it. Attendees will come away with concrete strategies for risk allocation, monitoring contractor performance, and maintaining public trust, ensuring that faster project delivery doesn’t come at the cost of accountability or value.