With rising service expectations, finite resources and budget deficits, governments across the world are increasingly looking to how the private sector can provide more innovative, productive and efficient solutions.
We don’t believe that the private sector is always better than the state at delivering these solutions. However, it has been proven throughout the globe, that it is often the case that industry can leverage a longer learning curve in the delivery of certain products and services; already widely in use throughout the private sector.
This is leading to a greater acceptance that Public Private Partnerships for the delivery of certain assets and services can benefit both the governmental departments which need them as well as domestic industry.
Federal Fleet Services offers the best of what we have learnt from working in the global commercial marine industry to government entities.
Our core service offering is the Build, Own, Operate, Transfer (BOOT) model. It involves building or converting ships with non-public funds, at entirely our own risk then owning and operating them for a set period of time. The option remains that, should the government wish for the asset’s ownership to be transferred to them or for the related services to be nationalized, they may do so at a later period.
Among other outcomes, this alternative service delivery solution or outsourcing ensures our customers benefit from flexible, affordable and enhanced marine capabilities while increasing asset and force availability.
While this model is not suited to certain vessels or services (such as combat ships), it perfectly matches government needs relating to ancillary, auxiliary and coast guard fleets.
While this model has been adopted widely throughout the world, Federal Fleet Services introduced it to Canada with the Resolve-Class Auxiliary Oiler Replenishment ship.