Some states and localities allow for private developers to submit unsolicited proposals for public projects using a “public-private partnership,” or “P3,” model. Private developers may submit unsolicited bids to invest in and develop public projects that they view as profitable. Private investors may also submit unsolicited bids to take over and rehabilitate existing public infrastructure.
If your state and/or locality allows for unsolicited bids, this brief highlights a number of reasons to be wary of these types of offers.
Photo by Government of Alberta.