Using PPPs For University Student Accommodation Projects

In spite of current financial conditions universities are increasingly turning to public private partnerships(PPPs) as the preferred means of funding, building and operating student accommodation projects.

Understanding the PPP contractual structure

A PPP is a whole of life services contract where the University makes a fee for service payment for the delivery of certain infrastructure and related services over the long term. PPPs typically impose on the private sector parties who build, finance build and maintain the infrastructure, responsibility for its condition and performance on a whole of life basis. In other words a PPP model fully integrates the responsibility for up-front design and construction costs, with ongoing service delivery, operational, maintenance and refurbishment elements for the life of the contract.