P3A definition
Examples of P3A in a sentence
If TxDOT is unable to negotiate a P3A to its satisfaction with a Proposer, it may negotiate with the next highest rated Proposer, terminate this procurement and pursue other development or solicitations relating to the Project or exercise such other rights under the Code and other provisions of Texas law as it deems appropriate.
The Commission has given TxDOT broad direction on the content and methodology for the solicitation of Proposals from shortlisted Proposers, the selection of a Proposer whose Proposal offers the apparent best value to TxDOT and the terms and conditions a P3A must contain to be deemed satisfactory.
Following receipt and evaluation of Proposals, the Commission may select a Proposer for negotiations, based on a determination of apparent best value, to finalize a P3A for award and execution.
Specific provisions concerning bonding/letters of credit, insurance and indemnity will be set forth in the RFP and the P3A.
Legal Issues Identify and explain any significant anticipated legal issues which the Proposer must resolve in order to carry out the Project and its obligations under a P3A.
TxDOT has begun discussions with local jurisdictions regarding aesthetic features and anticipates that the P3A will require the Developer to adhere to these aesthetic requirements.
The RFP will include a scope of work, P3A contract documents and the objective methodology for determining the overall best value Proposal.
Financial Key Personnel are listed as follows: Project Finance Lead(s) The member(s) of the Proposer or financial team including employees of its external Financial Advisors principally responsible for developing the financial model in conformity with the P3A terms, and structuring and implementing a financing plan for the Project.
Therefore, the procurement documents and P3A must conform to requirements of applicable federal law, regulations and policies.
In the event a layoff affects one or both of the job sharing partners or the shared position, the provisions of Article 14 of the P-3A Agreement shall apply and both partners shall receive notification of the agency action.