Section 412-4-001 - DEFINITIONSFor purposes of this rule and regulation, the following capitalized terms have the following meanings:
001.01A "Alternative Project Delivery Method" means one of the methods of contracting for public projects authorized in Neb. Rev. Stat. §§ 39-2808 et seq, including Public Private Partnerships.001.01B "Public Private Partnership, or P3" means a project delivery method for construction or financing of capital projects or procurement of services under a written public-private partnership agreement entered into pursuant to Neb. Rev. Stat. § 39-2825 between at least one private partner and the State of Nebraska.001.01C "Value for Money" means the process used to compare the financial impacts on the Department of use of a P3 project delivery method against other project delivery methods. This process looks to determine the ideal delivery method when considering cost, quality, time and performance.412 Neb. Admin. Code, ch. 4, § 001
Adopted effective 8/22/2023