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
AEC Tech | Oct 6, 2017
How professional bias can sabotage industry transformation
Professional bias can take the form of change-resistant thinking that can keep transformational or innovative ambitions at bay. Tech consultant Nate Miller presents three kinds of bias that often emerge when a professional is confronted with new technology.
Giants 400 | Oct 5, 2017
On wings of gold: Alternative financing schemes are propelling the high-flyin’ air terminals sector
The $4 billion renovation of New York City’s LaGuardia Airport is the first major U.S. aviation project delivered using a public-private partnership (P3) model.
Giants 400 | Oct 4, 2017
Top 40 airport construction firms
Hensel Phelps, Turner Construction Co., and Skanska USA top BD+C’s ranking of the nation’s largest airport sector contractors and construction management firms, as reported in the 2017 Giants 300 Report.
Giants 400 | Sep 28, 2017
Top 85 government construction firms
Turner Construction Co., PCL Construction Enterprises, and Clark Group top BD+C’s ranking of the nation’s largest government sector contractors and construction management firms, as reported in the 2017 Giants 300 Report.
Multifamily Housing | Sep 27, 2017
Pickleball, anyone?
Two-and-a-half million Americans are playing the game with the funny name.
Giants 400 | Sep 22, 2017
Top 80 hotel construction firms
Turner Construction Co., Swinerton, and The Whiting-Turner Contracting Co. top BD+C’s ranking of the nation’s largest hotel sector contractor and construction management firms, as reported in the 2017 Giants 300 Report.
40 Under 40 | Sep 22, 2017
Meet the 40 Under 40 Class of 2017
These AEC stars are making their mark in business, philanthropy, and in their communities.
40 Under 40 | Sep 21, 2017
Meet the 40 Under 40 Class of 2017
These AEC stars are making their mark in business, philanthropy, and in their communities.
Multifamily Housing | Sep 19, 2017
Top 90 multifamily construction firms
Lendlease, Suffolk Construction, and Clark Group top BD+C’s ranking of the nation’s largest multifamily sector contractor and construction management firms, as reported in the 2017 Giants 300 Report.
Contractors | Sep 19, 2017
Commercial Construction Index finds high optimism in U.S. commercial construction industry
Hurricane recovery efforts expected to heighten concerns about labor scarcities in the south, where two-thirds of contractors already face worker shortages.