Posted on 11/30/2016 6:50 AM By Al Maloof
For construction companies active in the public-private partnership (P3) or design-build arena, the bipartisan Public Buildings Renewal Act (S. 3177/H.R. 5361) represents a fountain of new work opportunities building or rehabilitating many outdated and dilapidated government-owned facilities—such as public schools, post offices, prisons, courthouses and libraries—that need to be replaced.
Posted on 11/2/2016 8:17 PM By James Bly
Given the choice of security requirements, the surety market continues to provide the product with the best combined benefit for contractors and their obligee in today’s evolving construction and surety markets.
Posted on 11/2/2016 7:38 PM By Lenore Marema and Lawrence LeClair
Even though procurement methods have evolved—including the use of P3s—construction remains a risky business, making the protections that surety bonds provide for taxpayers’ investments and the payment guarantees for subcontractors and suppliers just as relevant and important in P3s.
Posted on 11/2/2016 10:54 AM By Anirban Basu
P3s are the only conceivable financial solution to America’s infrastructure deficits.
Posted on 9/23/2016 6:05 AM By Joanna Masterson
Construction of the 36-mile flood diversion project, which has been in the works for eight years, will be performed under a public-private partnership—the first ever in conjunction with the USACE.
Posted on 8/24/2016 11:14 AM By Joanna Masterson
Public agencies developing infrastructure projects now have access to a guide that emphasizes factors local policymakers should consider before entering into a public-private partnership (P3). Additionally, a new study is available that focuses on comprehensive development agreements, which often are associated with toll road P3s.
Posted on 2/24/2016 11:42 AM By Joanna Masterson
The performance-based incentives and accountability requirements built into public-private partnerships (P3s) result in high-quality projects being delivered more efficiently, cost-effectively and timely than traditional procurements, according to a report issued by a research team from Western University in London, Ontario.