Table Rock helps municipalities get critical water, sewer and other civil infrastructure projects off the ground and online.

Our progressive partnership process helps decision-makers contain the expense of consulting bills and half starts and avoid the indecision that typically accompanies major infrastructure investments.

The Table Rock process is an intensively collaborative fast lane to delivery. We integrate design, construction, operations and maintenance, financing and delivery implications on an open book basis to demonstrate which approach produces the highest value for ratepayers. The final work product is geared to move directly to implementation once selected. The process is flexible and can either address system-wide challenges, or focus on a major project or projects within the system.

Progressive Partnership Development Process

Process Phases

Procurement: Depending on state and local procurement laws, the procurement can be initiated by an unsolicited proposal or a Request for Qualifications (RFQ). The key is to select a team with the ability to integrate design, engineering, financing, operations, maintenance, and risk expertise. This team can help your city compare on a side-by-side basis the implications of financing and delivery options across the entire project lifecycle, not just the upfront cost.

Phase I: The City and selected P3 partner together define the scope of the partnership and use a Progressive Design-Build approach to thoroughly review options before selecting and developing a conceptual design solution. At this point, the team can reach relative certainty on project cost at minimal risk and investment. The team develops, in parallel, an indicative term sheet with a preliminary O&M and finance plan. As these tasks are completed, the public gets an objective comparison of the costs, risks and benefits associated with the P3 delivery on the one hand, and with traditional delivery on the other. If a side-by-side comparison does not continue to support the value of a P3 delivery, or the City is uncomfortable with the process, it possesses an at-cost off-ramp with no further obligation to the P3 partner. The City still benefits from the process however, as it leaves with the design work product ready to put out to the market as it sees fit.

Phase II: The team works with the City to advance design to 50% and arrive at a Guaranteed Maximum Price as well as binding financing and O&M plans. The City retains a second off-ramp at this point if circumstances have changed, or it decides not to commit to a long-term partnership. If the City elects to move forward at the end of Phase II, the  project moves to financial close.

At financial close, risk for completing upgrades, maintaining regulatory compliance, and achieving operating efficiencies and cost reductions shifts to the P3 partner. The P3 partner’s performance is objectively evaluated and reported against the performance metrics jointly defined with the City. Payments are only made if the P3 partner continues to perform on its obligations. The City retains the lead oversight role and termination rights.

While a P3 approach is not right in all cases, decades of P3 experience across the United States and the world demonstrate that this type of alternative approach can accelerate delivery of capital projects and provide lifecycle cost savings of 10-30% compared to traditional approaches. It also provides significantly greater certainty for the public by providing a guaranteed maximum price on capital and operating expenditures.

Sample Life Cycle Comparator

Life Cycle Comparator Chart

NOTE: Not all states currently authorize public private partnerships. You can review overview information about your state here: http://www.ncppp.org/resources/research-information/state-legislation/. However, if your state isn’t listed, that doesn’t rule out a P3. Many municipalities have the authority to enter into partnerships even if they’re not authorized at the state level. In addition, Table Rock can help you structure alternative partnerships that work within your state’s legal framework.