Collaboration in Construction:
While most agree that the economy is bouncing back, many organizations continue to operate with reduced budgets. Our national, state, and local governments are no exception. To complete necessary construction and maintenance projects, many public agencies are turning to more creative forms of financing, including the formation of public-private partnerships.
Public-private partnerships come in many different forms, but essentially one is created when a public entity enters into a contract with a private organization in order to address a specific need. Though not widely publicized, these partnerships are actually more common than you think.