P3 Risk Balance and Expectation Management

One of the hallmarks of a successful P3 project is the sharing of risk between the public and private sectors.  Each sector would prefer to reduce their risk on the project, but there are serious cost impacts when the other sector absorbs more risk.  Where can the balance be stricken and how can you be sure you have identified all the project risk categories for which transfer is an appropriate deal point?   This session will discuss how public and private sector participants can work together to establish expectations and strike a fair balance for risk transfer between them on P3 jobs.  The panel will address how risk transfer in design and construction costs, operational and maintenance risk, and political risk can impact the value for money analysis.  We will discuss risk allocation between the private and public sectors, as well as amongst the various members of the private concessionaire team.  Finally, once the appropriate risk categories have been identified, we will discuss the different vehicles available to implement the risk transfer.


  • Lee Weintraub, Shareholder, Chair, PPP; Vice Chair, Construction Law and Litigation, Becker & Poliakoff LLP
  • Santiago Klein, Managing Director, McBains Cooper International
  • Jack A. Callahan, Partner, Construction Industry Practice Leader, CohnReznick LLP
  • Suhrita Sen, President, Infrastructure Advisors