P3 Components - DBFOM
Public-Private Partnerships (P3s) models integrate multiple project elements into one performance-based contract. The Design-Build-Finance-Operate-Maintain (DBFOM) model integrates the work of five or more companies into one contract. These companies form a special purpose vehicle called a Project Company or a consortium to complete the project. The DBFOM model is the most comprehensive P3 model and it transfers the most risks from the public sector to the private sector.