Surviving the Economic Tsunami in Transit
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Transcript of Surviving the Economic Tsunami in Transit
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Surviving the Economic Tsunamiin Transit
Surviving the Economic Tsunamiin Transit
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Overview
possibilities opportunities
survival through private sector partnering.
how contracting can help:
optimizing the benefits
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Challenges
Identifying what to contract
Optimizing the cost efficiency of contracting.
Leveraging private sector capabilities
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a function or multiple functions within a portion of the system
an entire division of the system
multiple functions within the entire system
the entire system
Finding the Correct
Contracting model
Contract
OPTIONS
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Private Sector
Advantages
efficiency, cost savings and accountability 25-30%
innovation and flexibility
broad and multi-faceted experience
new alternatives for capital investment
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Maximize Contracting Efficiencies
Share Risk
Include supply and/or financing of equipment
Collaborate on identification of opportunity to realize savings
Include incentives and penalties
Increase Scope and Term
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What it looks like when it works
Large scope of work combining four separate contracts.
Contract term of 5 + 3
Enabled Veolia to find staffing efficiencies and make sizable investment – 26 OTR Coaches
Ongoing collaboration
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Service Alternatives
For Low Demand
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Using private provider capacity late night and weekends
Broker to serve an established market.
Issues:
Industry Profile – capacityRegulatory Environmentfare elasticity Alignment with contractual requirements
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Keys to Success deep commitment
by all partners
Willingness to re-define roles
Recognition of differing sector needs
Inclusion, Collaboration
mutual accountability, mutual respect