Prince George’s County, Md., plans to build six new schools costing nearly $1 billion in a P3 public-private partnership.
The county, which will select a private company to handle construction and maintenance, will be the first jurisdiction in the U.S. to build schools under a P3 plan, according to the Washington Informer. The cost would have an annual cap of $32 million for 30 years to build the schools for an estimated total of $960 million.
The RFP calls for at least 30% of the contract value to be procured through minority and county-based businesses. The first schools would be occupied by July 15, 2023, and all schools would be completed a year later.
After construction is completed, the school system would regain control of the buildings.
The county will receive some state funding toward the projects.
Related Stories
| Jan 14, 2016
How to succeed with EIFS: exterior insulation and finish systems
This AIA CES Discovery course discusses the six elements of an EIFS wall assembly; common EIFS failures and how to prevent them; and EIFS and sustainability.
Market Data | Jan 13, 2016
Morgan Stanley bucks gloom and doom, thinks U.S. economy has legs through 2020
Strong job growth and dwindling consumer debt give rise to hope.
Contractors | Jan 13, 2016
5 ways to handle conflict during construction
Rider Levett Bucknall's John Jozwick has five ways to curb disputes and prevent the situation from escalating to litigation.
Contractors | Jan 12, 2016
Will a notable credential make students preparing for construction jobs more marketable?
Zenith Education Group thinks so, as nine of its campuses offer training certification from the National Center of Construction Education and Research.
Contractors | Jan 11, 2016
Novum Structures will pay $3 million to settle violations of ‘Buy American’ regulations
Wisconsin design and construction firm charged with repackaging materials from foreign sources.
Market Data | Jan 6, 2016
Census Bureau revises 10 years’ worth of construction spending figures
The largest revisions came in the last two years and were largely upward.
Market Data | Jan 5, 2016
Majority of AEC firms saw growth in 2015, remain optimistic for 2016: BD+C survey
By all indications, 2015 was another solid year for U.S. architecture, engineering, and construction firms.
Architects | Jan 5, 2016
Potential vs. credential: How men and women differ in career progress
Recent research suggests that women face yet another career impediment: the confidence gap.
Urban Planning | Jan 4, 2016
The next boomtown? Construction and redevelopment sizzle in San Diego
The city's emission-reduction plan could drive influx into downtown
Market Data | Dec 15, 2015
AIA: Architecture Billings Index hits another bump
Business conditions show continued strength in South and West regions.
