What makes it interesting?
This is one of the largest projects ever built using the public-private-partnership (P3) delivery method that is also a design-build-finance-operate-maintain (DBFOM) contract with a 30-year term. A P3 is an innovative financing and project delivery method in which a public entity partners with the private sector on a public infrastructure project. The private team invests its own money through borrowing or equity, and the public entity spreads out its up-front costs while preserving public funds for use in the early construction stages.
How HCSS Software assisted with this project
As part of this large joint venture, estimating can become a very complex operation. The summary group and agreed totals functions in HeavyBidmake it super easy to categorize and compare cost “D” groups amongst joint venture partners. Also, the ability to make changes on the fly to equipment and labor rates makes joint venture estimating much simpler thanks to HeavyBid.
The Eagle P3 commuter rail project connects downtown Denver, Colorado, with the Denver International Airport. The Eagle P3 is a $2.2 billion capital project comprised of federal funds, RTD sales tax bonds, and private equity from the concessionaire team, Denver Transit Partners (comprised of Fluor Enterprises, Uberior Investments, and Laing Investments). Ames Construction is a partner in the joint venture that is subcontracted to the Denver Transit Partners to design and construct the project.
The $1 billion design-build portion of the project includes more than 36 miles of primarily double-track electric commuter rail lines, 13 stations with park-and-ride lots, and a major vehicle maintenance facility. It is comprised of East Rail Line, Gold Line, Commuter Rail Maintenance Facility, and Northwest Rail Line Westminster segment.