Public Private Partnerships
Public Private Partnerships can address critical resources and skills needed for large urban projects, finance, utility/service management, and other urban needs. This collection of solutions and blocks provides a quick summary of resources on this topic.
The government response to disasters or emergencies is strengthened by the participation of the private sector in the response. Collaboration with the private sector expands government capabilities and enhances disaster recovery. The purpose of this action is to identify economic activities that may be affected by a disaster and to share responsibility with the private sector for the decision- making process on issues of risk prevention and reduction, performance during emergencies, and reconstruction improvements.
Private sector involvement in the various stages of planning in the event of a disaster (prevention, preparedness, recovery, and reconstruction) improves the response by government, reduces disaster impacts, and accelerates recovery.
Building Block provided by CRISuccessful P3s have common features, including (1) underlying laws that define the process for identifying and evaluating opportunities, defining structure and relationships, and overseeing contracts; (2) determinations of cost effectiveness, value for money, and risks and rewards; (3) transparent procurement processes that allows for innovation; (4) stakeholder/community support; and (5) contracts that define performance metrics and payment terms upfront, fairly balance risks and rewards and are for the appropriate length of time to manage risk and provide a reasonable return on investment.
Building Block provided by CRI
Successful P3s have common features, including (1) underlying laws that define the process for identifying and evaluating opportunities, defining structure and relationships, and overseeing contracts; (2) determinations of cost effectiveness, value for money, and risks and rewards; (3) transparent procurement processes that allows for innovation; (4) stakeholder/community support; and (5) contracts that define performance metrics and payment terms upfront, fairly balance risks and rewards and are for the appropriate length of time to manage risk and provide a reasonable return on investment.
Building Block provided by CRI
While Berkeley has made significant strides in reducing its greenhouse gas emissions (by approximately 9 percent since 2000), we must advance existing and planned initiatives and identify new strategies at the State, regional, and local levels in order to meet our ambitious Climate Action Plan goals. To identify new ideas and innovations and to foster public/private partnerships, the City is developing an “Ideas Competition,” which will engage experts, entrepreneurs, and other interested stakeholders to help the City to develop additional, viable multi-benefit emissions-reduction strategies.
