Momentum Continues for Pending Public/Private Partnership Legislation
House Bill 337 and Senate Bill 576, similar companion bills expanding the use of public/private partnerships (“P3”) as the new public construction delivery method of the future, continue to progress through legislative committees. Other than a few amendments, they remain largely intact and appear likely to be passed. Although the statutes would likely need some glitches corrected, they have definitely caught the attention of industry participants. Recent seminars I have held or participated in on P3 projects have generated significant attendance and interest and there is quite a buzz about the prospects of P3. I have been interviewed by a few reporters, indicating that even the media is getting excited about this.
Stay tuned for further updates and start planning now for how you can catch this wave of the future of public construction in Florida. Watch this blog for more updates on the status of the pending legislation and other items of interest.