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
| Mar 20, 2013
Architecture Billings Index up again in February
The American Institute of Architects reported the February ABI score was 54.9, up slightly from a mark of 54.2 in January. This score reflects a strong increase in demand for design services.
| Mar 15, 2013
Singapore R&D campus takes top honor in Lab of Year competition
Singapore CREATE R&D campus takes top honor in Lab of Year competition, sponsored by R&D Magazine.
| Mar 15, 2013
Ben Johanneman promoted to VP of operations for McCarthy Houston Office
The Texas Division of McCarthy Building Companies, Inc., has promoted Ben Johanneman to vice president of operations for the Houston office. Johanneman is responsible for leading management and operations on projects. He will coordinate preconstruction strategy while also serving as the client interface.
| Mar 14, 2013
How to win more work from community colleges
The nation’s thousand-plus community college districts can be a steady source of income for your Building Team—provided you appreciate the special needs of this important sector of the higher education market.
| Mar 14, 2013
Shawmut Design and Construction promotes Randy Shelly to VP of Hospitality
Shawmut Design and Construction, located at 560 Harrison Avenue in Boston, has announced the promotion of Randy Shelly to Vice President of the company’s Hospitality Group. Shelly will replace veteran Paul Doherty, who has accepted a new position within Shawmut.
| Mar 13, 2013
RSMeans cost comparisons: jails, courthouses, police stations, and post offices
The March 2013 report from RSMeans offers construction costs per square foot for four building types across 25 metro markets. Building types include: jails, courthouses, police stations, and post offices.
| Mar 12, 2013
'World's greenest' office building seeks tenants in Seattle
Superefficient Seattle office building is designed to meet the ambitious goals of the Living Building Challenge.
