FHWA publishes availability payment concessions P3 model contract guide

Washington, D.C. — The Federal Highway Administration (FHWA) announced the publication of a guide describing model terms and conditions for public-private-partnerships (P3s) seeking “availability payment concessions.” The guide was developed pursuant to section 1534 of the “Moving Ahead for Program in the 21st Century Act,” which directed the Secretary to develop model P3 contracts, and in furtherance of President Obama’s Build America Transportation Investment Center (BATIC) to put federal credit programs to greater use, and to increase collaboration between state and local governments with private-sector partners.

This P3 Model Contract Guide also includes best practices for labor standards for project sponsors to use to ensure that P3 projects create good jobs. FHWA developed these best practices in partnership with the U.S. Department of Labor.

For more information about the guide, visit https://www.fhwa.dot.gov/IPD.