Outsourcing Infrastructure Projects: Revolutionizing Delivery and Cutting Costs for Governments
The article discusses how public-private partnerships are being used to improve the nation's infrastructure due to the strain on public budgets and lack of expertise. Outsourcing infrastructure projects can lead to better quality, faster delivery, access to expertise, efficiency improvements, innovation, risk management, and cost savings. The American Society of Civil Engineers estimated that $1.3 trillion is needed to repair and update infrastructure. Research shows that outsourcing can be an effective tool for governments to meet infrastructure demands and capture various benefits.