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Staff member says P3 contractor can finish project in 18 months with price cap
Summary
A staff member told meeting attendees that a public–private partner can deliver the project in 18 months under a guaranteed maximum price with no change orders, and that a faster schedule reduces inflation exposure compared with doing the work in house.
A staff member said a public–private partnership contractor can complete the project in 18 months under a guaranteed maximum price and without change orders, arguing those features create the primary cost savings compared with doing the work in house.
"The P3 company is able to do this and has written it into their contract that they can do this in 18 months with a guaranteed maximum price. It doesn't go any higher. There's no change orders," the staff member said. The speaker added that the in‑house option would take substantially longer: "Ours would take twice as long if not more."
The staff member framed the fiscal case around schedule-driven savings, saying the time value of money and inflation during a longer construction period were "the huge savings." That argument links the contract's shorter delivery timeline and the GMP to lower expected overall project cost, the speaker said.
The transcript of the meeting records only the staff member's presentation of the contractor's timeline, price guarantee, and comparative in‑house timeline; no formal motion, vote, or follow-up action is recorded in these segments.
