Auditing public-private partnership (P3) contracts

Public-private partnerships (P3) are becoming a dominant funding mechanism in the U.S. for projects such as hospitals, student housing, low incoming housing, tollways and municipal buildings. P3 projects carry the typical construction risks but also unique development risks. This webinar explores different types of P3 projects and highlights sources of risk to the contractors, owner and public entity during planning and construction. The presenter also reviewed mitigating actions to address those risks and the costs associated with doing so.  

Learning objectives:

• Understand and identify risks for each stakeholder in the P3 transaction
• Analyze  pre-construction and development agreements for transaction risks
• Perform a P3 construction contract risk analysis and write a P3 project audit program
• Identify contract red flags that require an auditor’s attention

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