Washington, D.C. — The Build America Bureau, in cooperation with the Federal Highway Administration’s (FHWA) Center for Innovative Finance Support, released a discussion paper on Use of Performance Requirements for Design and Construction in Public-Private Partnerships. This discussion paper has been developed for transportation professionals who may be involved in procurement of a Public-Private Partnership (P3) or a Design-Build project. The paper is available at www.fhwa.dot.gov/ipd/p3/toolkit/publications.
Public agencies can maximize the opportunities for innovation when they allow the private sector reasonable flexibility to create efficient solutions while at the same time managing the associated risks. The public agency can provide this flexibility to stimulate innovations by specifying outcomes that align with the objectives of project stakeholders rather than mandating means and methods in their request for bid proposals. This paper discusses how a public agency can stimulate innovations to generate value with the use of performance requirements for design and construction of P3 projects.
The Build America Bureau and FHWA also is presenting a webinar on Thursday, February 9, 2017, from 2:00 pm to 3:00 pm Eastern. Jagannath Mallela of WSP | Parsons Brinckerhoff, the principal author of the paper, will provide an overview of the paper and answer questions. Pre-registration is required for this event. Register at https://collaboration.fhwa.dot.gov/dot/fhwa/WC/Lists/Seminars/DispForm.aspx?ID=1248.