AIA’s Guide to the First Principles of Risk was developed as a means to start the risk conversation – identify the principles that work for the agency and project developer and take time to create consensus on other areas. Promoting the First Principles of Risk will help ensure transparent, fair, and successful P3 procurements.
- For Private Sector Industry Participants: Understand the core purpose and transformative potential of the First Principles of Risk to navigate the P3 procurement period more strategically and successfully.
- For Public Sector Officials: Incorporate the First Principles of Risk into your P3 procurement strategy to optimize outcomes and increase the efficiency of the procurement process, thereby reducing the risk of lengthy procurement processes.