Introducing Public/Private Partnerships (P3)
McMAHON and its affiliates have been supplying innovative and cost-effective solutions to municipalities, utilities, and other public sector entities since 1909. To enhance our spectrum of services, in 2015 McMAHON established Integrated Public Resources, LLC (IPR). IPR is our vehicle for providing Public/Private Partnerships (P3’s) for a vast array of projects in small to medium-sized communities. IPR blends the risks of project delivery between the public and private sectors to bring a project to fruition. We provide an array of P3 delivery models dealing with finance, design, design/build, operation, ownership, lease, and maintenance.
Many governing bodies are looking for alternative and innovative ways to pay for and manage infrastructure investment. Through the use of private sector techniques, leveraging or transferring of assets, and project financing, IPR can help communities accomplish projects that may otherwise not be possible due to financing restrictions. IPR draws on the professional service staff of the McMAHON Group of Companies on an as-needed basis, and maintains low overhead as a result.
What is a P3?
A Public/Private Partnership (P3) is a contractual agreement between a public agency (federal, state, or local) and a private sector partner. These arrangements typically involve a government agency contracting with a private partner to renovate, construct, operate, maintain, and/or manage a facility or system, in whole or in part, that provides a public service. A P3 enables the public sector to harness the expertise, efficiencies, and financial capabilities that the private sector can bring to the delivery of certain facilities and services traditionally procured and delivered by the public sector. Communities can benefit from this expertise, while continuing to control the quality of services to its constituents.
Financing for public sector projects has traditionally been accomplished through tax levies and bonding, with some help from State or Federal grants and low-interest loans. P3s offer opportunities for non-traditional financing alternatives, with many benefits to local governments.
- Projects can be completed using private sector procurement techniques, frequently at lower costs than traditional ‘low-bid’ procurement methods.
- Communities can take advantage of Guaranteed Maximum Pricing (GMP) projects.
- Avoid construction inflation costs associated with delaying critical projects.
- IPR employs an open book accounting system approach with every client and every project.
Is Your Community Burdened by Financing Restrictions?
Don’t let these restrictions stop your community from completing infrastructure upgrades that are necessary to provide quality services to your constituents. Leveraging existing assets is one of the many ways to finance the creation of a new project or needed upgrade.
920.751.4200 ext. 323
IPR Municipal Administrator Services
IPR also offers Municipal Administrator Services to local governments on an as-needed basis, including:
- Interim Administrator Services
- Administrator Recruitment
- Organizational Analysis
- Operations Improvements
- Operational Budgets
- Capital Budgets/Plans
- Economic Development Projects
- Downtown Revitalization Initiatives
- TIF District Implementation
- Business Improvement District (BID) Creation
- Consolidation or Shared Services Studies
- Comprehensive Planning
- Strategic Planning
- Classification & Compensation Studies
- Facilitation & Training
- Project Management
These services are provided by professional administrators that each have 30-years of local government experience. Rick Hermus and Russ Van Gompel lead the Municipal Administrator Services team. Hermus was previously the Village Administrator in Kimberly. Since retiring as Kimberly’s Village Administrator, he has been a local government consultant to numerous communities, including serving as interim Administrator for the Village of Little Chute. Van Gompel previously served as the City Manager for the City of Eau Claire. Prior to that, he was Village Manager at Brown Deer and Village Administrator in Little Chute.