Largest public-private contract 10 years ago was $150M, now it's $800M, panelist said
The shortage in quality labor, the challenges to public-private partnerships and the viability of EB-5-funded projects were among the topics discussed at a forum covering civic and vertical construction on Thursday morning. “Florida is such an active market. Maybe it’s the weather, maybe it’s South Beach, but it’s attracted a lot of new players,” panelist Ricardo Davila of American Global said at the American Global Inaugural Construction Forum at the Intercontinental Miami in downtown Miami.
Increased competition means that bidding for public-private partnerships, or P3s, is more challenging. Those projects range from infrastructure such as bridges and roads to convention centers and government office buildings.
AJ Meyer, project development specialist at Balfour Beatty, asked the panel when “enough is enough,” using the Miami-Dade’s Water & Sewer as an example. The department hasn’t issued any P3s since instituting a program “many years ago.”
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