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
Resiliency | Apr 22, 2019
Turner Construction doubles down on jobsite efficiency
The company targets a 50% cut in greenhouse gas emissions and water use from construction activities by 2030.
Building Tech | Apr 19, 2019
Skender, Z Modular reach agreement to fabricate multifamily housing components
Factory to open soon on the southwest side of Chicago.
Contractors | Apr 15, 2019
Do you have a fear of getting 'Uber'd'? Join the club
Exacerbating the AEC talent shortage is the coming mass exodus of baby boomers as they reach retirement age.
Contractors | Apr 15, 2019
Suffolk launches Smart Lab in Los Angeles
The lab will identify, test, and scale new technologies to help advance the construction industry.
Contractors | Apr 11, 2019
The construction industry has a problem, and women are going to solve it
Women currently comprise 9% of the construction industry. Here’s how we will change this to solve one of the industry’s most pressing issues.
Building Tech | Apr 8, 2019
Factory-based construction with no siloes starts with a single source of truth
Working from a single source of truth means every factor of design, procurement, manufacturing, and assembly will be accounted for before the assembly line is turned on.
Contractors | Apr 8, 2019
Employers at risk when using construction equipment not sized for women
As more women enter male-dominated fields, gear supply has not kept up with demand.
Mixed-Use | Apr 7, 2019
Chicago-area joint venture antes up $1 billion for Opportunity Zone development investment
Decennial Group says it’s looking at 250 potential projects, primarily in America’s heartland and rural areas.
AEC Tech | Jan 9, 2019
Our robotic future: Assessing AI's impact on the AEC profession and the built environment
This is the first in a series by Lance Hosey, FAIA, on how automation is disrupting design and construction.
Great Solutions | Jan 2, 2019
Net zero construction trailer brings health and wellness to the jobsite
As AEC firms scramble to upgrade their offices to maximize occupant wellness and productivity, Pepper Construction asks, What about the jobsite office?
