By Andrew Smith, Greg Cannito, Bruce Allender, and David Washington
Community-based public-private partnerships (CBP3s) have become a hot topic of conversation in the offices of stormwater managers, civic leaders, and regulators. But much is still misunderstood about this growing trend in the broader marketplace. Some basic information about these frameworks can quickly address this gap and illustrate the potential benefits of CBP3s for communities across the U.S.
What It Is And What It Does
In the most general terms, a CBP3 is a partnership between a local government and a private partner that agrees to perform delegated management services to build infrastructure and deliver on broad policy goals and objectives — such as established community-centered metrics. CBP3s span the full lifecycle of assets, including a maintenance period for the assets that lasts 20 to 30 years, to ensure asset sustainability and increased economic and social impact for a community.
Examples of social/economic community benefits include special (e.g., minority-, woman-, or veteran-owned) business-entity participation, education, faith-based initiatives, and local business participation that provide job creation and positive economic impact for the community. Local governments and private partners both benefit when the agreed key performance indicators (KPIs) that are associated with social/ economic and delivery performance outcomes of the contract are met. In this way, the partnership aligns goals and metrics to create a true alliance and accountability between the two entities.