At a recent panel on P3 risk allocation, speakers agreed that the April 2017 contract reached between Ohio State and ENGIE North America to manage the university’s energy systems wasn’t likely to be repeated. The 50-year agreement is defined in a 2,000-page contract with performance specifications that are two inches thick, they said, which renders the agreement unenforceable. A better alternative, they said, would be to increase the transfer of risk to the private partner, and reduce the degree of public control, and therefore, the amount of oversight of private performance.
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