VDOT Raises The Bar on P3 Procurements

Virginia DOT gets high praise from Cintra’s team for its efficiency in managing the procurement of the state’s first fully competed P3 project. VDOT issued an RFP in July 2016 that included a fully developed term sheet. Those deal terms remained the basis for negotiation of the comprehensive agreement, which was signed in December 2016.
Where its previous P3 procurements were largely negotiated behind closed doors as sole source contracts, VDOT on I-66 institutionalized its competitive process using written standards and protocols. That standard of care has raised the bar for other public agencies procuring P3 projects, says an I-66 spokesman

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About Bill Reinhardt

Editor of Public Works Financing newsletter

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