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P3s Figure in High-Performance Public Buildings

from Building

Canadian governments’ standardized approach to public-private partnerships (P3s) is considered a model to emulate in the United States, where strategists are examining ways to boost that country’s stock of high-performance public buildings. The National Institute of Building Sciences (NIBS) and the Royal Institution of Chartered Surveyors (RICS) plan to release a joint report on P3 potential later this spring in an effort to encourage American policy-makers to move beyond the current limited use of P3s largely to build roads and other transportation infrastructure. As part of the research and consultation process, private developers, government officials, academics and industry consultants gathered in Washington, D.C. last fall to discuss opportunities and obstacles. A recently released summary of participants’ input outlined the anticipated public benefits of a design-build-finance-operate-maintain (DBFOM) model, in which private contractors would have a financial interest in delivering an energy-efficient, durable and adaptable building. more

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