Public-Private Ventures in Bachelor Quarters. A Solution to the Loss of Military Construction Projects. Volume 2. Appendices A through E
Abstract
The Navy has a substantial requirement for new bachelor quarters (BQs) during a time of austere budgets for military construction. Public/private ventures (P/PVs) may offer an alternative. With a P/PV, a private company would finance, design, build, operate, and maintain a new BQ facility at its own risk of profit or loss. This report examines the feasibility of P/PVs, and how they should be structured, using five test sites, and presents example requests for proposals. P/PV BQs for enlisted and officer transient personnel and for junior enlisted permanent party personnel offer a less costly alternative to BQs built and operated with conventional Government funding. Factors affecting economic feasibility of a P/PV BQ include project size, occupancy guarantees, interest rates, contract term, construction specifications, and Government statutory and regulatory restrictions. Occupancy guarantees are particularly important. With a reasonable occupancy rate guarantee, the contractor can charge much lower room rates. (cp)
Document Details
- Document Type
- Technical Report
- Publication Date
- Jun 01, 1990
- Accession Number
- ADA225118
Entities
People
- Jordan W. Cassell
- Robert L. Crosslin
- Trevor L. Neve
Organizations
- LMI