Javier was joined by Corey Clive, Founder and CEO of Venergy Group; Francisco Garcia, Director, Planning & Zoning for the City of Miami; David Martin, President of Terra; Avinash S. Patwardhan, PhD, BCEEM, Managing Director - Smart Cities at Jacobs; and Philip Stoddard, Mayor of South Miami.
The panel agreed that as governments strive to build smart cities, public-private partnerships (P3s) provide opportunities for collaboration between public and private entities to help overcome budgetary constraints and bring forward innovation and lifecycle efficiencies that are difficult to obtain in purely public projects. As applied to smart city initiatives, the traditional P3 procurement model requires some modification, and there has been a growing trend of launching transactions as pilot programs in order to test new technologies, with long-term contracts being developed and entered into on the basis of the pilots.
Still, as the panelists discussed, opportunities exist to improve how P3s are managed by the public sector. For example, in Florida, P3 statutes and ordinances need to be adapted to allow for more buy-in from the stakeholder early in the process, requiring a departure from existing government procurement standards.
As the panelists noted, it is difficult to balance long-term contractual requirements with the need to keep up with the latest technologies. At the end of the day, P3s are about partnerships, and innovative change regimes in P3 contracts may provide a path forward.
YOU MIGHT ALSO LIKE
On April 18th and 19th, eMerge Americas will host its third annual technology conference. Last year, the conference welcomed more than 10,000 attendees and 500 companies from more than 50 countries. As stated on Business Wire, “Entering its third year, eMerge Americas is working to meet and ex...
Land Use and Zoning Attorneys, Jennifer Fine and Carly Grimm, discuss resiliency and how zoning can be a cost-effective tool for confronting climate change.
Bilzin Sumberg’s annual South Florida Redevelopment Conference brings together in- and out-of-state developers looking to explore new concepts and innovative approaches for achieving business success in South Florida’s real estate sector, as well as engineers, architects, planners, and governm...