PPI was introduced in 2003 under Senate Bill 257:

• Created a process that allows GDOT to consider unsolicited proposals from private companies to build transportation improvement projects.

View Senate Bill 257

PPI was enhanced in 2005 under Senate Bill 270:

• Created the ability for GDOT to solicit proposals for much-needed transportation projects.
• Extended the time for competing proposals from 90 to 135 days.
  Provided more opportunity for public review and input.

View Senate Bill 270

The Surety Bond issue was addressed in 2006 under House Bill 1177:

• For GDOT construction contracts exceeding $300 million, performance and payment bonds are required in the total contract amount.
• However, if the department, after public notice, determines the amount is not reasonably available, with board approval, the estimated value of the construction portion of the contract can be guaranteed by a combination of security including:
  (1) Payment, performance, surety, co-surety, or excess layer surety bonds;
  (2) Letters of credit;
  (3) Guaranties of the contractor or its parent companies (no more than 35% of the aggregate project guarantee);
  (4) US or Federal Agency Obligations
  (5) Cash collateral.
• The combination of aggregate guarantees, subject to board approval, shall include not less than $300 million of performance and payment bonds and shall equal not less than 100% of the contractor’s obligation under the construction portion of the contract.
  

View House Bill 1177

Additional Links

• House Transportation Committee
• Senate Transportation Committee