PBC Rewards Life-Cycle Savings

Partnerships BC (PBC) has added a wrinkle to its procurement process that gives bidders credit for addressing future operating costs while staying within the project’s budget, said Sarah Clark, president and CEO. The idea has the industry excited, said Alan Linsley, vice-president origination for Plenary Group, winner of the first project to use the system. In hospitals, “It’s the operations where you make all the savings,” he said. (One estimate suggests that hospital operating costs account for 92% of all costs over 40 years.)


About Bill Reinhardt

Editor of Public Works Financing newsletter
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