The National Academies Press

Currently Skimming:

Pages 144-164

The Chapter Skim interface presents what we've algorithmically identified as the most significant single chunk of text within every page in the chapter.
Select key terms on the right to highlight them within pages of the chapter.

From page 144... ... 144 The P3 Readiness Assessment tool is designed to assist airport owners in assessing whether their organization is prepared to implement a P3 and whether the project under consideration is a strong candidate for a P3. The tool is an interactive, online companion to the guidebook that provides a user-friendly way for users to access the information and resources most pertinent to their needs. Read the entire page →
From page 145... ... P3 Readiness Assessment 145 • Project and Owner Characteristics: Does the owner have clear goals and objectives for the project, an understanding of the project's scope, and the involvement of key stakeholders? • Project Owner Resources: How do the owner's capabilities such as experience with alternative delivery, policies and procedures, and access to external advisors meet the anticipated rigorous nature of the alternative delivery planning, selection, and feasibility process? Read the entire page →
From page 146... ... 146 Evaluating and Implementing Airport Privatization and Public-Private Partnerships The subsequent questions fall under the categories shown in the graphic and are presented in the sequence to be used in the online version of the tool. Italicized text indicates the structure of the question or whether the response triggers a follow-up or specific Readiness Level report. Read the entire page →
From page 147... ... P3 Readiness Assessment 147 If the user indicates "No," the summary report will include Readiness Level #3. Read the entire page →
From page 148... ... 148 Evaluating and Implementing Airport Privatization and Public-Private Partnerships Control project construction cost Reduce overall project lifecycle cost (including operations period) Achieve cost certainty (fixed price) Read the entire page →
From page 149... ... P3 Readiness Assessment 149 17. What is the anticipated level of involvement from stakeholders in the project procurement and execution? Read the entire page →
From page 150... ... 150 Evaluating and Implementing Airport Privatization and Public-Private Partnerships If the user indicates "Not Aware" for Airlines, Executive Committee, or Political Stakeholders, the summary report will include Readiness Level #2. Read the entire page →
From page 151... ... P3 Readiness Assessment 151 22. Has the airport convened an internal working group to manage the project across disciplines/divisions? Read the entire page →
From page 152... ... 152 Evaluating and Implementing Airport Privatization and Public-Private Partnerships If the user indicates "No" to this question or any of the sub-questions related to #15, the summary report will include Readiness Level #2. Read the entire page →
From page 153... ... P3 Readiness Assessment 153 If the user indicates "Yes," the summary report will include Readiness Level #1. If the user indicates "No," the summary report will include Readiness Level #5. Read the entire page →
From page 154... ... 154 Evaluating and Implementing Airport Privatization and Public-Private Partnerships If " No," 44. Is obtaining funding/financing a key motivation to consider alternative project delivery? Read the entire page →
From page 155... ... P3 Readiness Assessment 155 50. Does the project sponsor have legal authority to pursue delivery of the project using an alternative project delivery method? Read the entire page →
From page 156... ... 156 Evaluating and Implementing Airport Privatization and Public-Private Partnerships Enabling projects completed on time Cost Project must not exceed a specific amount Changes to scope in design and construction Financial Accessing funds for project development Responsibility if revenues are below expectations Implementation Quality control Design and construction Communication with traveling public (signage, community relations, public art) Compliance with local and federal regulations Functionality Disruption during construction to traveling public, airport tenants Coordination with TSA and security protocol Return area surrounding project to existing conditions Site Conditions Hazardous site where safety is a concern Treatment of hazardous materials Unforeseen conditions (environmental, geotechnical, archeological, etc.) Read the entire page →
From page 157... ... P3 Readiness Assessment 157 Operations Reporting on performance m m m m Maintenance expense m m m m Handback expense m m m m Traffic/demand risks m m m m If the user indicates "Transfer" or "Retain" to all options, the summary report will include Readiness Level #1. Stakeholder and Political Risks 57. Read the entire page →
From page 158... ... 158 Evaluating and Implementing Airport Privatization and Public-Private Partnerships Airport's executive committee (internal decision-makers) m m m m Airport tenants m m m m Airport staff m m m m If the user indicates "Some opposition" or "Significant opposition" for any sub-items, the summary report will include Readiness Level #4. Read the entire page →
From page 159... ... P3 Readiness Assessment 159 P3 Readiness Assessment Tool Report Readiness Levels The italicized text following the assessment questions indicated which responses prompted different report Readiness Levels. It is possible to receive multiple Readiness Levels or just one Readiness Level, depending on the user's answers. Read the entire page →
From page 160... ... 160 Evaluating and Implementing Airport Privatization and Public-Private Partnerships technical standards, and operational performance requirements that must be achieved by the developer. An owner must then weigh the relationship between the project delivery goals and the project objectives to select a project delivery method most suitable to reach their overall goals. Read the entire page →
From page 161... ... P3 Readiness Assessment 161 enough to make decisions related to the project. Many people make assumptions that might not be accurate about P3s and will benefit from education about alternative delivery. Read the entire page →
From page 162... ... 162 Evaluating and Implementing Airport Privatization and Public-Private Partnerships three steps: (1) screens projects for suitability, (2) Read the entire page →
From page 163... ... P3 Readiness Assessment 163 within which airports protect public interests through the establishment of procurement practices, approval processes, and contract conditions. P3-enabling legislation varies widely among states, but the basic goal is the same: to allow public entities to take advantage of the benefits of P3 project delivery while protecting the public interest. Read the entire page →
From page 164... ... 164 Evaluating and Implementing Airport Privatization and Public-Private Partnerships Some agencies establish policies and procedures to ensure transparency is built into the procurement process. The following recommended case studies, vignettes, and guidebook chapters will help your airport move into the procurement and implementation process. Read the entire page →

From page 144...

... 144 The P3 Readiness Assessment tool is designed to assist airport owners in assessing whether their organization is prepared to implement a P3 and whether the project under consideration is a strong candidate for a P3. The tool is an interactive, online companion to the guidebook that provides a user-friendly way for users to access the information and resources most pertinent to their needs.