Ongoing legislation in Florida is working to encourage the use of Public-Private Partnerships (PPPs) that would benefit the state's need for infrastructure repair. This legislation, Senate Bill 84 and House Bill 85, would create consistent standards for soliciting and procuring PPPs.
PPPs are considered "entrepreneurial government" because they allow governments to introduce private sector skill and technology to projects that are traditionally handled by the public sector. The public sector places the financing, design, construction and maintenance risk on the private sector in exchange for payments to the private sector over time through user fees or fixed payments.
Public Policy Partner Karen Walker and Corporate Partner Richard Perez discuss how the proposed bills seek to clear up questions by providing clear standards for PPP, uniform procurement procedures and standardized PPP contract terms while attracting private investment and increasing submission of unsolicited proposals.
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