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Preliminary Development Agreement: An Innovative Method of Streamlining P3 Procurements in Social Infrastructure



by Joshua A. Levy
Peckar & Abramson A Professional Corporation - Miami Office

Frank M. Rapoport
Peckar & Abramson A Professional Corporation - New York Office

May 2, 2014

Previously published on April 2014

Within the last decade, Public-Private Partnerships (P3s) have played an increasingly crucial role in the construction and renovation of transportation and utility infrastructure. On the other hand, P3s have not been as popular a procurement method for social infrastructure projects such as hospitals, civic buildings, courthouses, police departments, wastewater treatment facilities, libraries, parking lots and schools. As many have already realized, that is about to change due in large part to the necessity of these projects and a lack of available funding. As such, state and local governments are now turning to P3s to finance vital social infrastructure projects across the country.


 

The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.
 

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Frank M. Rapoport
 
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