F A Q's

 

 

FREQUENTLY ASKED QUESTIONS

 

• What is a Public Private Partnership?

There is no one widely accepted definition of public-private partnerships. According to The National Council for Public-Private Partnerships, “A Public-Private Partnership (P3) is a contractual arrangement between a public agency (federal, state or local) and a private sector entity. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the sharing of resources, each party shares in the risks and rewards potential in the delivery of the service and/or facility.”

 

• Who uses Public-Private Partnerships?

Federal agencies like the EPA, DOD and VA all use partnerships. On a lower level, the number of state and local governments using P3s is growing. The U.S. Conference of Mayors is currently working with the private sector to discuss ways to make partnerships more effective. To date, 34 states have all enacted legislation specifically to make P3s easier to implement.

 

• Why should I consider a Public-Private Partnership?

The most popular reason: They are considered an essential tool in challenging economic times. During periods of slow growth, government revenues are frequently not sufficient to meet spending demands, necessitating painful spending cuts or tax increases. Partnerships can provide a continued or improved level of service, at reduced costs. Partnerships can also provide the capital needed for construction of major facilities. By developing partnerships with private-sector entities, governments can maintain quality services despite budget limitations.

 

• Will Public-Private Partnerships decrease as the Economy rebounds?

The general consensus is “No” because P3s are not simply a result of budgetary issues. Governments are turning to partnerships because they see that merging the resources of the public and private sectors makes it possible to improve the quality of services they provide, many times without a large impact on their budgets.

 

• How can CCA help my community?

We have the ability to offer 100% of the capital required for most government projects and the experience to provide the quality your community deserves. P3 Connection, Inc. recently formed a strategic alliance with a private investor who has funded 200+ government projects over the last 20 years. That partnership brought P3 Connection the experience and ability to offer a variety of solutions, including 100% of the capital required for most government projects. Also, we are now able to offer Architectural and Design services for many government projects.

 

• What types of solutions do you offer?

Every community is different, therefore, every CCA solution is unique. The first step is to determine your current needs and proceed from there. When possible, we like to include a “revenue sharing” component for our government partner. This provides additional revenue for your community while also providing a much needed facility or service for your citizens. A detailed list of solutions can be found in this brochure, however, we also have the flexibility to customize those solutions to meet your current and future needs.