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While many in the development and construction space are familiar with the Public-Private-Partnership (P3) model for the delivery of construction projects, we are beginning to see how adding a fourth...
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While many in the development and construction space are
familiar with the Public-Private-Partnership (P3) model for the
delivery of construction projects, we are beginning to see how
adding a fourth "P"hilanthropy can bring about a positive
benefit to society. While originally discussed by McKinsey relating
to sustainability projects, this article discusses an example of
how the application of the P4 model by the Dept. of Veteran Affairs
provided great results and benefited veterans around the country.
It will be interesting to see if other worthy causes draw similar
interest and promote the expansion of a P4 model to other large
construction projects.
A recent article published by McKinsey Sustainability last month
discussed the emerging concept of the Public-Private-Philanthropic
Partnership (P4) in relation to sustainability efforts and projects
around the world.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
Combining Philanthropy With P3 Project Delivery For Construction Projects
United StatesReal Estate and Construction
Contributor
Foley & Lardner LLP looks beyond the law to focus on the constantly evolving demands facing our clients and their industries. With over 1,100 lawyers in 24 offices across the United States, Mexico, Europe and Asia, Foley approaches client service by first understanding our clients’ priorities, objectives and challenges. We work hard to understand our clients’ issues and forge long-term relationships with them to help achieve successful outcomes and solve their legal issues through practical business advice and cutting-edge legal insight. Our clients view us as trusted business advisors because we understand that great legal service is only valuable if it is relevant, practical and beneficial to their businesses.
