Project Agreement

Posted on October 30, 2018 by

A legal arrangement in P3 project delivery that defines all the elements of any collaborative-delivery project. (In financing arrangements other than P3, the project agreement is usually referred to as a contract.) The project agreement also specifies risk allocation between the owner and the P3 firm, the basis of payment for services, and the term (in years) during which the P3 arrangement will remain in place.

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