“As State funding for capital projects has become less available for Illinois universities, there is a growing trend toward the examination and use of Public Private Partnerships (PPP) to deliver qualifying capital projects. In the simplest of terms, PPP projects have the advantage of using off balance sheet private capital and capturing private sector construction efficiencies.
“Use of the design build process to deliver capital projects results in a more cost efficient and timely project delivery method than what is achievable within the State’s overly regulated capital delivery procurement process. The university does relinquish control over certain traditional roles when using a PPP and must agree to various financing conditions, which are dependent on the projects’ financing structure and economic viability.”
– website of the University Office of Capital Programs and Real Estate Services, University of Illinois System
Are public-private partnerships (PPPs or P3s) the answer for cash-strapped colleges and universities? Or for colleges and universities which want to more strategically deploy their funds into their core educational mission. What internal capabilities does an institution need to take the plunge into the Design, Build, Finance, Operate, and/or Maintain (DBFOM) world? How is risk reasonably and fairly allocated between the institution and its P3 partner and how much control and governance might be transferred? What asset types make sense as P3 projects? How does an institution evaluate if a P3 approach is the right solution? What must be done to launch a P3 project?
Gather with experts in this innovative project delivery method for a stimulating day of engagement and networking in a vibrant campus setting.
Presenter: Tad Guleserian, Executive Vice President, Development & Public Infrastructure, HCH North American Infrastructure (a subsidiary of Hunt Companies)
Presenter: Jim Modig, University Architect, University of Kansas
Presenter: Rich Michal, Vice President and Chief Facilities Officer, Purdue Research Foundation and former Associate Vice President for Facilities, Butler University
Presenter: Rex Tolliver, Associate Vice Chancellor for Student Affairs and Director of Campus Auxiliary Services, University of Illinois at Chicago
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