(California Education Code Section 17406)
Byrom-Davey, Inc. has been actively involved with Lease-Leaseback Project Deliveries in California.
Lease-leaseback projects are constructed by the provisions in Education Code Section 17406, which authorizes school districts, without advertising for bids, to lease property currently owned by a school district to any person, firm, or corporation for a minimum of $1 per year as long as the lease requires the other party to construct a building or structures upon the property and that title to the property and the buildings are returned to the school district at the end of the lease.
A Guaranteed Maximum Price is established by the team to have the contractor move forward on the project.
This delivery method for construction has been a proven method to deliver school facilities on time, scope and budget, and with a reduced level of public agency risk associated with design issues, delays and costs overruns. |
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