Exploring Owner Offramps in Progressive P3 Delivery: Theory, Practice, and Real-World Insights

P3 Electrified Summit

Corey Boock spoke during the P3 Electrified conference on September 17, 2024 in San Diego on owner offramps in progressive P3 delivery models. These offramps occur when an owner decides not to proceed with the final finance, design, and construction phases with the private entity, or to terminate the project altogether. Topics covered included:

• Common types of offramps in progressive delivery and their frequency
• Key considerations for owners when deciding to exercise offramps
• Differentiating between credible and theoretical offramps
• Unique issues such as post-offramp designer access, design ownership, and private entity eligibility for future procurements
• Reasons why owners might opt for offramps
• Real-world experiences and insights from owners and advisors on instances where offramps were and were not executed, and the underlying reasons