Independent eyes on the whole concession.
In a P3, a slipped completion date hits availability payments, lender drawdowns and equity returns at once. We give agencies, sponsors, lenders and project companies an independent, data-backed view of schedule and cost, from financial close to handback.
Partners for the long haul.
- P1
Public owners and agencies
Agencies that need independent schedule and cost monitoring of a concessionaire, and a controls view they can defend to oversight bodies.
- P2
Lenders and their advisors
Lender’s technical advisory: due diligence on the construction schedule and budget before close, and monthly drawdown and progress certification after.
- P3
Sponsors and project companies
Equity partners and project companies that want controls over the design-builder’s schedule, change and cost reporting from day one.
- P4
Design-build and O&M teams
Teams that need a P3-grade baseline schedule, cost loading and risk analysis that will stand up to the independent engineer and lenders.
Where controls fit in a P3.
Delivery models vary from one agency and state to the next. The phases below show up in most of them, and each one needs its own controls.
Feasibility, value-for-money inputs, early cost and schedule estimates, and P50/P80 risk ranges the agency can defend.
Lender’s technical due diligence on the baseline schedule, budget, contingency and drawdown curve before financial close.
Independent monitoring of the critical path, float, progress and cost to complete, with monthly certification to lenders.
Lifecycle renewal forecasts and cost tracking measured against the project agreement over the term.
Condition and residual-life tracking so the handback obligations are planned and priced well before the term ends.
Risk goes where it is best managed.
Every P3 is a contract about who carries which risk. These are the terms our controls work touches most, described in general. Each project agreement sets its own.
The public owner pays the project company over the term for keeping the asset open and performing. Late completion delays the first payment, so the schedule is the revenue model.
On some projects the private partner collects tolls or user fees and carries demand risk. Opening date forecasts feed directly into the financial model.
Fixed price and a guaranteed completion date passed to the design-builder. Independent schedule monitoring tells lenders early when that date is under threat.
Planned renewals of pavements, roofs, equipment and systems over the term, forecast and tracked so reserves match the real need.
Availability targets and condition requirements that tie payment to performance, measured and reported on a defined cycle.
Condition surveys and residual life standards the asset must meet when it returns to the public owner, planned years in advance.
Schedules lenders can trust
Baselines checked against the DCMA 14-point assessment, with logic, float and critical path reviewed before financial close.
Drawdowns tied to real progress
Monthly certification that compares claimed progress and cost to complete against the record, not the narrative.
Risk priced in the open
Monte Carlo QSRA on schedule and cost, so contingency, completion dates and P50/P80 ranges are stated plainly.
What P3 partners can expect.
The same commitments on every engagement, in every market, whatever the size of your firm.
- Terms
- Clear terms, agreed up frontScope, fees and reporting deliverables are set in the engagement agreement at the start, and invoiced on the agreed schedule.
- Standards
- One method on every programShared scheduling standards, cost coding, QA checks and report templates, so every deliverable that carries our name holds up to scrutiny.
- Communication
- Straight answers, earlyTransparent, independent reporting to agencies, sponsors and lenders, with our findings stated plainly even when they are unwelcome.
- Growth
- Mentoring for emerging firmsP3 programs often carry local and small business participation goals. Rising Controls Professionals helps emerging controls firms take part.
P3 questions.
What role does KonradBeck play in a P3?
Most often independent schedule and cost monitoring for an agency or lender, or project controls for a sponsor or project company. We do not design, build or operate the asset.
What is lender’s technical advisory?
Independent review for lenders: due diligence on the construction budget, schedule and risk before financial close, then monthly reviews of progress, cost and drawdown requests through construction.
What is an availability payment?
A regular payment from the public owner to the project company for keeping the asset available and meeting performance standards over the contract term. Deductions apply when standards are missed.
Can you act for more than one party on the same P3?
No. Independence is the point. We confirm there is no conflict with any other party before accepting a P3 engagement.
Can associates and partners work on your P3 engagements?
Yes. Associates on our bench are brought onto P3 work that fits their discipline. Agencies, sponsors and lenders can reach our team at partnership@konradbeck.com.
See the risk before close.
Agencies, sponsors, lenders and project companies can reach our P3 team directly. Tell us about the asset, the procurement and the timeline.