Two acronyms at the intersection of DB (design-build) Avenue and AFP (alternative financing and procurement) Street:
- DBFM means design, build, finance, and maintain
- DBFOM adds “operate” to that list
Both are procurement models in which a private company takes on the ownership and risk of infrastructure to be used either by another private sector company or by a government client, in return for defined compensation over a set term.
Both acronyms are pronounced by spelling them out, for obvious reasons.