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
Giants 400 | Feb 5, 2024
Top 60 Shopping Mall, Big Box Store, and Strip Center Construction Firms for 2023
Whiting-Turner, Schimenti Construction, VCC, Ryan Companies US, and STO Building Group top BD+C's ranking of the nation's largest shopping mall, big box store, and strip center general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report.
Laboratories | Feb 5, 2024
DOE selects design-build team for laboratory focused on clean energy innovation
JE Dunn Construction and SmithGroup will construct the 127,000-sf Energy Materials and Processing at Scale (EMAPS) clean energy laboratory in Colorado to create a direct path from lab-scale innovations to pilot-scale production.
Giants 400 | Feb 1, 2024
Top 40 Restaurant Construction Firms for 2023
Swinerton, Shawmut Design and Construction, Gray Construction, CM&B, and Andersen Construction top BD+C's ranking of the nation's largest restaurant general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report.
Luxury Residential | Feb 1, 2024
Luxury 16-story condominium building opens in Chicago
The Chicago office of architecture firm Lamar Johnson Collaborative (LJC) yesterday announced the completion of Embry, a 58-unit luxury condominium building at 21 N. May St. in Chicago’s West Loop.
Products and Materials | Jan 31, 2024
Top building products for January 2024
BD+C Editors break down January's top 15 building products, from SloanStone Quartz Molded Sinks to InvisiWrap SA housewrap.
Giants 400 | Jan 29, 2024
Top 140 Office Core and Shell Architecture Firms for 2023
Gensler, Stantec, Page Southerland Page, Perkins&Will, and NBBJ top BD+C's ranking of the nation's largest office core and shell architecture and architecture engineering (AE) firms for 2023, as reported in the 2023 Giants 400 Report.
Giants 400 | Jan 29, 2024
Top 80 Workplace Interior Construction Firms for 2023
STO Building Group, HITT Contracting, Clune Construction, Hensel Phelps, and JRM Construction Management top BD+C's ranking of the nation's largest workplace interior and interior fitout general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report.
Giants 400 | Jan 29, 2024
Top 100 Office Core and Shell Construction Firms for 2023
Turner Construction, AECOM, DPR Construction, Clark Group, and Clayco top BD+C's ranking of the nation's largest office core and shell general contractors and construction management (CM) firms for 2023, as reported in the 2023 Giants 400 Report.
Mixed-Use | Jan 29, 2024
12 U.S. markets where entertainment districts are under consideration or construction
The Pomp, a 223-acre district located 10 miles north of Fort Lauderdale, Fla., and The Armory, a 225,000-sf dining and entertainment venue on six acres in St Louis, are among the top entertainment districts in the works across the U.S.
Industrial Facilities | Jan 29, 2024
How big-ticket, government-funded investments in industrial developments are affecting private construction companies
Large sums of money remain in bank accounts for government-funded programs like the CHIPS Act, the Infrastructure Investment and Jobs Act, and the Inflation Reduction Act. But with opportunities come challenges.
