PPP's may afford the ability for the Responsible Agency and the Project Company to realise innovation during the operation and maintenance phase, enabling cost savings, improvements in service delivery, improving asset resilience and community outcomes. Such innovations may be delivered through:
1. Implementation of targeted KPI's in the project deed, calibrated to incentivise efficiency, mitigate costs and reward active involvement of equity sponsors of the Project Company while working in parallel to standard abatement regimes in the contract.
2. Sharing savings on maintenance and asset renewal costs through, for example, the implementation and use of predictive maintenance processes.
3. Improving outcomes in service delivery through incorporating advancements in digitisation and automation where applicable.
4. The introduction of flexible payment regimes to ensure asset resilience and account for events beyond the control of the private entity arising during the long-term operations of the asset.
5. The negotiation of commercial agreements to share facilities with the community, such as sporting facilities.
6. Demand and occupancy risk being managed by the Project Company, resulting in better whole of life cost and revenue outcomes for the project due to a single point of accountability for both.
7. Financial risk reduction or mitigation strategies available through the Project Company.