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
Coronavirus | Apr 8, 2020
COVID-19 alert: Most U.S. roofing contractors hit by coronavirus, says NRCA
NRCA survey shows 52% of roofing contractor said COVID-19 pandemic was having a significant or very significant impact on their businesses.
Coronavirus | Apr 5, 2020
COVID-19: Most multifamily contractors experiencing delays in projects due to coronavirus pandemic
The NMHC Construction Survey is intended to gauge the magnitude of the disruption caused by the COVID-19 outbreak on multifamily construction.
Coronavirus | Apr 4, 2020
COVID-19: Construction completed on first phase of Chicago's McCormick Place into Alternate Care Facility
Walsh Construction, one of the largest contractors in the city of Chicago and in the United States, is leading the temporary conversion of a portion of the McCormick Place Convention Center into an Alternate Care Facility (ACF) for novel coronavirus patients. Construction on the first 500 beds was completed on April 3.
Coronavirus | Mar 21, 2020
Associated General Contractors launches eight-part webinar series around COVID-19
The programming, which begins Monday, will offer advice on how businesses might need to adjust during the virus.
Architects | Mar 9, 2020
New York's façade inspection program gets an overhaul following a death from falling terra cotta
January 14, 2020, kicked off big changes to the NYC Local Law 11 Façade Inspection and Safety Program (FISP) for Cycle 9.
Healthcare Facilities | Mar 9, 2020
Mobile wayfinding platform helps patients, visitors navigate convoluted health campuses
Gozio Health uses a robot to roam hospital campuses to capture data and create detailed maps of the building spaces and campus.
University Buildings | Mar 9, 2020
Auburn University, Robins & Morton open Construction Field Laboratory
Robins & Morton and Auburn University’s College of Architecture, Design and Construction (CADC) recently celebrated the dedication of the Robins & Morton Construction Field Laboratory.
AEC Innovators | Mar 5, 2020
These 17 women are changing the face of construction
During this Women in Construction Week, we shine a spotlight on 17 female leaders in design, construction, and real estate to spur an important conversation of diversity, inclusion, and empowerment.
AEC Tech | Feb 22, 2020
Investor interest in the built environment not quite as avid in 2019
Builtworlds’ annual list of venture deals led by workspace providers.
