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Surviving the Economic Tsunami in Transit

Surviving the Economic Tsunami in Transit. Overview. survival through private sector partnering. how contracting can help:. possibilities opportunities. optimizing the benefits. Challenges. Identifying what to contract. Optimizing the cost efficiency of contracting.

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Surviving the Economic Tsunami in Transit

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  1. Surviving the Economic Tsunamiin Transit

  2. Overview • survival through private sector partnering. • how contracting can help: • possibilities • opportunities • optimizing the benefits

  3. Challenges • Identifying what to contract • Optimizing the cost efficiency of contracting. • Leveraging private sector capabilities

  4. Finding the Correct Contracting model OPTIONS Contract • 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

  5. Private Sector Advantages • innovation and flexibility • broad and multi-faceted experience • efficiency, cost savings and accountability 25-30% • new alternatives for capital investment

  6. Maximize Contracting Efficiencies • Increase Scope and Term • Share Risk • Include incentives and penalties • Include supply and/or financing of equipment • Collaborate on identification of opportunity to realize savings

  7. 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

  8. Service Alternatives For Low Demand

  9. Using private provider capacity late night and weekends • Broker to serve an established market. • Issues: • Industry Profile – capacity • Regulatory Environment • fare elasticity • Alignment with contractual requirements

  10. Keys to Success • deep commitment by all partners • Willingness to re-define roles • Recognition of differing sector needs • Inclusion, Collaboration • mutual accountability, mutual respect

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