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PPP = Prolonged, Painful, and Pointless. But not this time. Somehow, against all odds, cultures, and acronyms… The New Royal Adelaide Hospital in South Australia didn’t just avoid disaster — it delivered. Let me break it down for you:
The predictions? “Too complex.” But guess what? They finished it. And not just finished — they pulled off a clinical-grade, digitally-integrated, energy-efficient mega-hospital that actually works. The secret sauce?
Crazy, right? How couldn’t I have thought about it? A PPP that respected scope, handled conflict like grown-ups, and even came out functional on the other side. How could it be possible… Anyway. Some still say it was luck. I say it was proof that PPPs can work… if you don’t staff them with saboteurs. Do you want some blood? Take a look to the lessons below?
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It doesn’t matter what project we’re talking about. PPP or else. If I took a picture of most people negotiating a Project Agreement today and compared it with one from five years ago, you wouldn’t notice the difference. Same priorities. Same obsession with financial close. Same attention to construction risk. Same drama around LDs, relief events, variations, refinancing, performance deductions and lenders’ approvals. And the same silence around Hand-Back Requirements. Nothing has changed....
“What’s happening with you?” Look. You’re not going to look smart by bringing those clauses to the table during negotiations. Nobody will thank you. No one. Not your bosses. Not the advisors. Not even the client. Everyone is focused on financial close. And their bonuses. And those big pats on the back. “Why are you bothering us with that?” I know. When you have four years of construction ahead. Utilities still undefined. Properties not properly acquired. A recent landslide before signature....
In today’s world, we are surrounded by information. By tips. You ask ChatGPT for ways to… Let’s say. Improve communication. Yes, remember: communication skills are probably the skill you need to be working on right now. Well… ChatGPT takes information from thousands of blogs. Unrelated to you. You feel overwhelmed. And you do nothing. You stay exactly where you were. That’s today’s world. We have access to information and knowledge. But we don’t use it. We look for the next tip. And the next....