We are supporting Howard County, Maryland with its first P3 transaction – a design, build, partial finance, operations and maintenance project for a new 230,000 square foot courthouse and structured parking facility.
To meet rising demographic demands, Howard County needed to build a new courthouse facility – and wanted to take advantage of a P3 delivery option to mitigate risks and provide value for money to its constituents. Since this is Howard County’s first P3 transaction, the challenge is to select the most appropriate P3 delivery model, and successfully complete the transaction.
We analyzed four delivery options for the project, and helped Howard County conclude that the DBFOM structure can provide the best value for money. We worked closely with senior leadership to present results to the legislative body and successfully launched the procurement with strong political buy-in.
Currently, we are supporting county staff with the entire transaction, including: financial analysis, structuring the project, risk analysis, and procurement.