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DIGITAL CONNECTIONS 20 airportbusiness February/March 2016 Deborah Flint, executive director of LAWA said, "The DBFOM method allows for a process that benefits LAWA and is inclusive of our values; comprehensive environmental review, transpar- ency with our communities, project labor agree- ments and participation opportunities for local and small businesses." FINANCIAL FLEXIBILITY Large infrastructure projects necessary to upgrade or modernize transportation are often difficult to fund directly through a public agen- cy where funding can depend on many factors. They typically require multiple funding sources and numerous partnerships of key public agencies and private sector participants. A public-private partnership allows for more flexibility in access to funding while transferring much of the responsibility of the project away from the public sector. Projects can be started with less upfront capital from the public agency and in the case of a DBFOM, payments are made over the long-term life cycle of the project. Costs are consistent over time for the public agency and can be made in the form of availability payments which are adjusted for inflation and tied to project performance. The public agency is able to factor the costs into a long-term budget and count on those funds to not only complete construction, but also operate and maintain the asset, allowing them to allocate their resources to other existing priorities. SHARED RISK Allowing the DBFOM team to maintain the proj- ect infrastructure ensures long term reliability because their responsibility does not end at proj- ect completion. Being fully invested in the proj- ect, they assume the risks associated with its maintenance and operation, thus it is in their best interest to innovate, produce exceptional results and ensure the project is successful. Agencies get an experienced construction firm who completes the project with the resourc- es and knowledge to manage the asset to its full potential since payments depend on their performance. When there is only one primary firm involved in the project, disputes between multiple inter- acting entities are reduced, resulting in fewer potential legal impacts during the project life-cy- cle. When challenges arise, the developer is responsible for finding an efficient solution and is incentivized to keeping the asset fully functional. Buy American Compliant. ©2015 ADB Airfield Solutions Mikey has been inventing ways to keep your airfield safe for a long time. Not a lot has changed. Mikey no longer lights runways with plastic cups. He doesn't fit inside a pedal car. But, as an ADB Airfield Solutions project engineer, Mikey still believes that airfield lighting is mission critical. From fixing lights to working with contractors to educating customers, he makes sure each and every ADB system performs. Mikey treats your airfield as his own because he remembers what it's like to care about one. (Oh, and he goes by Mike now.) Safe, reliable airfield lighting. It's who we've always been. Visit www.adb-air.com to learn more. www.aviationpros.com/10132415 "The DBFOM method allows for a process that benefits LAWA and is inclusive of our values..." DEBORAH FLINT, EXECUTIVE DIRECTOR OF LAWA