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Design-Build Agreements for P3s: Panacea or Problem?

from Real Estate Weekly

There are many advantages to P3s, including providing greater access to financing sources that might otherwise be unavailable, allowing the public sector to avoid adding to its already-high long-term debt, allowing the private sector expertise to “think outside the box” instead of bidding within a confined set of drawings and thereby to be as creative as necessary, and, ultimately, creating a better value for the public at large than a purely public – or a purely private – project might provide. more

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