How P3s are keeping university projects alive
BD+C's John Caulfield interviews Mellissa Collar, Vice President of Strategic Partnerships with Rockford Construction in Grand Rapids, Mich., about the advantages and benefits of using public-private partnerships (P3s) to fund projects and keep them moving forward. Collar points out that P3s aren't confined to major construction or infrastructure projects. They have become particularly useful to cash-strapped universities. P3s can resolve clients' capital and risk issues, and can also help keep projects on time and budget because all of the investment and building parties are working together early in the project.