The Knowledge Group
The Knowledge Group

Michael Sterling, Partner, Vandeventer Black LLP to Speak at the Knowledge Group’s Payments-Based Public-Private Partnerships (PPP) Event

Michael Sterling, Partner, Vandeventer Black LLP to Speak at the Knowledge Group’s Payments-Based Public-Private Partnerships (PPP): Public Benefit and Private Capital in 2015 Live Webcast

New York, NY, February 19, 2015 --( The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Michael Sterling, Partner, Vandeventer Black LLP will speak at the Knowledge Group’s webcast entitled: “Payments-Based Public-Private Partnerships (PPP): Public Benefit and Private Capital in 2015.” This event is scheduled for June 18, 2015 from 12:00pm – 2:00pm (ET).

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About Michael Sterling

Firm Managing Partner; Chaired or Vice-Chaired law firm Construction and Public Contracts Department for over a decade; practice concentrated on complex projects and disputes with particular focus on accounting, scheduling, contract terms, insurance, safety, ethics, environmental and other regulatory issues; experienced in a wide range of project delivery methods including design-build and public-private-partnerships; projects included co-generation and processing plants, wind tunnels, cable stay bridges, highways, stadiums, hotels, courthouses, hospitals, water and wastewater treatment plants, parking garages, high-rise condominiums, environmental site restoration, demolition and large scale residential developments as well as ship construction and repair; represented both national and international general contractors, subcontractors, vendors, manufacturers and design professionals, as well as private and public owners; experienced with the Federal Acquisition Regulations, related agency regulations and statutes applicable to federal government funded contracts and grants; appeared before federal and state courts, boards of contract appeals, agency administrative judges and arbitration panels; assignments have been in various locations throughout the U.S. and its Territories.

About Vandeventer Black LLP

Vandeventer Black LLP is a full-service business law firm established in 1883. We focus on responsiveness and results while providing internationally recognized services across a wide variety of legal sectors. Headquartered in Norfolk, Virginia, we employ more than 60 accomplished attorneys from five offices located in North Carolina and Germany in addition to Virginia.

Event Synopsis:

Despite its fundamental importance in economic health, infra-structure in the United States has been very inadequately maintained and poorly funded. Political dysfunction, fiscal difficulties, technological complexity and size of contracts, and other issues are forcing a re-examination of financing approaches.

Partnerships between government agencies, private firms, banks, financiers, and the public are becoming more common. Such Public-Private Partnerships (PPP) are neither the ultimate solution for all projects nor an overt attempt to obtain corporate control of public funds. A PPP is a legally binding contract between a public sector entity and a private company, the concessionaire, in which the partners agree to share risks and benefits in funding and developing infrastructure projects.

Infrastructure PPPs are politically, economically, contractually, and technically challenging. However, in tax averse and politically grid-locked societies such as the United States, they can be appealing. Nevertheless, there are legitimate concerns voiced by the public and legislators including the role of private companies in managing public functions, such as prison services, traffic enforcement, and other ‘services’ that might be viewed as raising conflicts of interest.

Creating an effective, lasting, and accountable PPP requires sound legal contracts, competent public officials and skilled private expertise, the rational use of public funds, and strong cooperation among all parties in addition to the informed consent of the public.

The Knowledge Group has assembled a panel of key thought leaders to provide an over-view and discussion of the complex issues relating to Payments-Based Public-Private Partnerships (PPP). Panel members will offer their expertise and provide information to help design efficient PPP Contractual and Procurement Processes.

Key topics include:

− Fundamentals of Public-Private Partnerships (P3)
− Availability Payments-Based P3 Structure
− P3 Contractual Structures
− Design-Bid-Build (DBB)
− Design-Build (DB)
− Design-Build-Finance-Operate-Maintain (DBFOM)
− Best Practices in Structuring Procurements
− Payment Mechanisms for P3s
− Debt Constraints and Debt Sharing
− Risk Sharing
− Legal Framework
− Quantifiable Public Goals
− Transparency
− Regulatory Compliance

About The Knowledge Group, LLC/The Knowledge Congress Live Webcast Series

The Knowledge Group, LLC was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register to an event, please visit:
The Knowledge Congress
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