P3 Variations

In reality, there are often different combinations of these various components.  This list is taken from the P3 office of Industry Canada:

BOO (Build Own Operate) The private sector builds, owns and operates the facility.

BOOT (Build Own Operate Transfer) The private sector builds, owns and operates the contracted facilities and transfers them to the public sector at the end of the contract term.

BOT (Build Operate Transfer) The private sector builds and operates the contracted facility during the contract term and transfers it to the public sector at the end of the term.

BTO (Build Transfer Operate) The private sector builds the contracted facility, transfers it to the public sector at the beginning of the contract and then operates the facility during the contract.

DBFO (Design Build Finance Operate) The private sector designs, builds, finances and operates the contracted facilities.

The Ontario Health Coalition (OHC) in their August 26, 2005 briefing note: “McGuinty Private P3 Hospital Plans Truth Serum” notes two other variations:

BBO (Buy Build Operate) Transfer of a public asset to a private or quasi-public entity under an upgrade and operate contract.

O&M (Operation & Maintenance Contract) A private operator operates a publicly-owned asset for a contracted term.