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.