The Four Critical Elements of Capital Renewal Planning

P3 Higher Ed Resource Center – One of the many advantages for colleges and universities, when considering the use of Public-Private Partnerships “P3s” for new on-campus residence hall facilities, is the opportunity to transfer the risk and responsibility of long-term repair and replacement of major building systems and physical assets to the development partner. An article published by CDP’s Dr. Matthew Brown, president, Capstone Management Partners, and Robert Brown, Vice President of Asset Management offers insight regarding the four critical elements of a successful P3 capital renewal strategy which include: (1) Establishing an initial plan, (2) Conducting annual reviews, (3) Mitigating potential shortfalls, and (4) Maintaining stakeholder communication.