Public sector authorities are realizing that many times they are not ready to implement projects as P3s. They need more time to define their objectives and goals for the project, properly define the scope and phasing, and understand and fairly allocate risks between the public and private sectors.
As a result, a number of agencies are opting for or at least considering a different approach – engaging private-sector players earlier at a point more upstream in the planning process through what is known as a pre-development agreement (PDA).
As the Hanford Waste Treatment Plant ramps up its commissioning phase, Bechtel explored the many contributions made by scientists, universities, and vendors from across the country that have made this first-of-its-kind facility possible. The story of The Catholic University of America’s Vitreous State Laboratory is just one example of these many contributions and how the U.S. Department of Energy and Bechtel have incorporated expertise from around the globe to construct the plant.