Nebraska Administrative Code
Topic - TRANSPORTATION, DEPARTMENT OF
Title 412 - NEBRASKA DEPARTMENT OF TRANSPORTATION - ROADWAY DESIGN DIVISION
Chapter 4 - When Use of Public Private Partnerships may be Appropriate
Section 412-4-001 - DEFINITIONS

Universal Citation: 412 NE Admin Rules and Regs ch 4 ยง 001

Current through September 17, 2024

For purposes of this rule and regulation, the following capitalized terms have the following meanings:

001.01A "Alternative Project Delivery Method" means one of the methods of contracting for public projects authorized in Neb. Rev. Stat. §§ 39-2808 et seq, including Public Private Partnerships.

001.01B "Public Private Partnership, or P3" means a project delivery method for construction or financing of capital projects or procurement of services under a written public-private partnership agreement entered into pursuant to Neb. Rev. Stat. § 39-2825 between at least one private partner and the State of Nebraska.

001.01C "Value for Money" means the process used to compare the financial impacts on the Department of use of a P3 project delivery method against other project delivery methods. This process looks to determine the ideal delivery method when considering cost, quality, time and performance.

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