Public-Private Partnerships
Public-Private Partnerships
Elizabeth Bergman
Principal
Donald N. Bernards
CPA
Principal
Gideon Gradman
Managing Director
Anthony Ollmann
CPA, CCA
Principal
Jolena Presti
Managing Director
Christine M. Smith
Managing Director
Marta Purdy
AICP
Director
Public-private partnerships (P3s) are a mechanism for delivering critical infrastructure and advancing community development across numerous sectors, such as transportation, utilities, higher education, healthcare, housing and mixed-use districts.
A properly structured and executed P3 can enrich communities and provide significant value to all parties involved, but each project comes with its unique risks and potential challenges.
While common in other parts of the world, P3s have historically been underutilized in the U.S. As this project delivery method gains prominence, Baker Tilly is positioned to help our clients navigate the challenging and nuanced world of P3 planning and execution.
Investing in the future of infrastructure with P3s
Our experienced P3 team collaborates with public sector agencies, private entities and not-for-profit organizations to help you work through the entire lifecycle of a P3 endeavor. We help evaluate whether P3 is the right option in your public project or particular situation, organize partnership structures, advance pre-development efforts from concept to implementation, support the securing of funding and oversee execution through project delivery.
Our team has years of practice serving the respective nuances of both the public and private sector sides across each industry and a breadth of dedicated and skilled resources to support your strategic and financial objectives. Our goal is yours — to seek the greatest public benefit while also optimizing the shared risk and reward.
Experience matters
Our approach to any P3 project is to, first and foremost, focus on the partnership aspect. We plan, structure and execute transactions in several industries:
Infrastructure
- Transportation
- Water
- Energy
- Broadband
Higher education
- Student housing
- Education facilities
- Utilities
- Town-gown partnerships
Housing
- Affordable housing (including Rental Assistance Demonstration)
- Senior housing
Community development
- Mixed-use urban areas/districts
- Urban infill and brownfields
- Historic preservation
- Convention centers
- Community facilities (including schools and government buildings)
- Healthy food initiatives
- Medical clinics
We have a long history of helping our clients bridge the gap between the private and public sectors in a productive and mutually beneficial way.
Our P3 capabilities
Our public-private partnership team includes specialized professionals who bring in-depth knowledge and experience to match the unique requirements of each phase of a successful P3 project. We provide various services to clients pursuing P3 investments, including assessing feasibility, performing due diligence, analyzing project components, reviewing financing alternatives, developing and implementing financing plans and reviewing the performance of completed projects. Our services include:
- Identifying risks
- Value for money
- Governance
- Critical stakeholders
- Project delivery workshops
- Consensus building
- Financial feasibility
- Incentives
- Strategic funding plans
- Capital stack development
- RFP and RFQ development
- Bidder evaluation
- Negotiations
- P3 team building
- Financial modeling
- Construction risk management
- Transaction advisory
By the numbers
3rd largest
municipal advisor in the nation with 350+ annual bond issues
$15 billion
Advised on more than $15 billion of transactions in social infrastructure and affordable housing
$3 billion
Advised on more than $3 billion of energy and transportation transactions