- March 15, 2016
- Posted by: James Bregenzer
- Category: News
Ferrell also participated in a panel discussion on ways the NASPO and states are educating procurement practitioners on P3s; the strategic role of the procurement office in these large scale projects; and establishment of a long term contract management plan and resources to assure performance.
“Three states have passed legislation enabling P3’s with twelve more pending during this legislative session alone.” said Ferrell. “This trend is expected to only grow in the future as states look for new ways to meeting budget shortfalls and infrastructure needs. Currently, most enacting legislation is project specific; however, a few states are looking at more enabling legislation making P3s another type of procurement method.”
“Public-Private Partnerships have been around for a while and tend to come more into view when funding sources for local and state governments is restricted. At a time when many states are struggling with their budgets, P3’s are starting to pop up on leadership’s radar and like any big project, procurement must be included in the beginning phases rather than at the end. P3 is one more tool to meet a goal, it is not a silver bullet and is not suitable for every project.” Soza stated. “As a tool, it is important for those involved in procurement to be aware of what a P3 is, when it’s best considered, and who to contact as a resource. P3’s aren’t a DIY process. A knowledgeable team of government representatives, advisers, and vendors is required to be successful.”