PILLAR’s Dan Dennis, Vice President of Public-Private Partnerships was quoted on the positive trend of risk allocation in the P3 model. Read the full article to see Dan’s comments on risk allocation.
If you are performing an outsourced O&M project, it is very likely you have a fixed budget based on your contract price. Your cash flow is known upfront, the day you sign the contract. As the Maintenance Manager, your job is to meet the contract performance requirements as efficiently as possible while meeting your budget. […]
There have been numerous developments in recent years in the field of Artificial Intelligence (AI) that are transforming our daily lives. Among the most commonly recognized are self-driving vehicles and voice recognition devices such as Amazon’s Alexa. While perhaps not as flashy as having your virtual personal assistant, Pillar Operations & Maintenance Advisors is a […]
What is outsourcing? Outsourcing is simply using contractors to do things traditionally done by in-house staff. In the P3 space, virtually the entire project is outsourced, by definition. In a traditional, publicly owned and operated roadway, the Owner (DOT/Ministry, etc.) provides operations and maintenance for the roadway with in-house staff, trucks, equipment and materials. Similarly, […]
North Star Infrastructure Team to build and maintain Northwest Territories Tłı̨chǫ All Season Road WYTHEVILLE, Va. (February 27, 2019) – PILLAR Operations and Maintenance Advisors worked with its client, North Star Infrastructure, on a project to design, build, finance, operate, and maintain the Northwest Territories Tłı̨chǫ All Season Road in Canada. Working closely with North […]
Why is pavement management important? The nation’s road system represents an asset valued at more than $2.4 trillion. Nearly 90% of passenger-miles traveled and 60% of the nations’ total freight is transported via the nation’s highway system. There is no doubt, it is an asset worthy of substantial investment for the sake of our economy […]
A Public-Private Partnership (P3) is a contract vehicle where a private developer – working with a public entity – designs, builds, finances and operates the infrastructure. This Pillar Talk will focus on the rehabilitation, or handback portion, of a P3. P3 transportation projects have two varieties: availability payment or revenue risk. In an availability payment […]
Last month I attended the 12th TRB Asset Management Conference (my third) and the 2018 AASHTO Committee On Maintenance Annual Meeting (my fifth). While both conferences were about Asset Management, the focus of each was on two different planes. The TRB Conference focused more on strategic issues (i.e. risk, resiliency, sustainability) and the AASHTO Conference […]