                                 CODE OF VIRGINIA

FIXED-PRICE OR NOT-TO-EXCEED-PRICE DESIGN-BUILD-OPERATE AND RELATED CONTRACTS
AUTHORIZED (§ 66-25.7)

Notwithstanding any other provisions of law to the contrary, but in accordance
with the procedures consistent with those described in the Virginia Public
Procurement Act (§ 2.2-4300 et seq.) for procurement of nonprofessional
services through competitive negotiation, the Director may enter into
design-build-operate contracts for juvenile correctional facilities on a
fixed-price or not-to-exceed-price basis, including related leases,
lease/purchase contracts, agreements relating to the sale of securities to
finance such facilities, and similar financing agreements and agreements for
correctional services. For the purposes of this section,
&#8220;design-build-operate contract&#8221; means a contract between the
Commonwealth and another party in which the party contracting with the
Commonwealth agrees to (i) design, build and operate the juvenile correctional
facility or (ii) design and build the juvenile correctional facility where the
facility is to be operated by a third party.
		The Director shall maintain adequate records to allow post-project evaluation.

HISTORY: 1996, cc. 795, 942.