Section 1 Short title
This Act may be cited as the “Public-Private Partnership Infrastructure Investment Act”.
Public-Private Partnership Infrastructure Investment Act
A BILL
To enhance the services of the Office of Contracts and Procurement at the Department of Transportation to assist modal agencies, States, and grant recipients with certain design and procurement practices and contracts.
Sec. 2 Assistance with procurement
In general— The senior procurement executive of the Department of Transportation shall enhance the services of the Office of Contracts and Procurement by—
working with modal agencies, States, and other grant recipients on implementing design-bid-build, design-build, and public-private partnerships (P3s) procurement best practices, including model contracts; and
shall develop suggested best practices to encourage standardizing state P3 authorities and practices, including fair and balanced assumptions made in the calculations, consistency on unsolicited bids, non-compete clauses, and other major elements.
Definition— For purposes of this section, the term “P3” means contractual agreements formed between a public agency and a private sector entity that allow for greater private sector participation in the delivery and financing of transportation projects.