PBI: Availability Payments and Impact on Design Approach

An Availability Payment is a means of compensating a private concessionaire for its responsibility to design, construct, operate and maintain a facility for a set period of time. These payments are made by the public Agency and based on particular project milestones, including a completion deadline and/or facility performance standards.

Cost Certainty: Knowing your Agency's Strengths

Prior to undertaking the Presidio Parkway project, Caltrans evaluated their historical performance in delivering transportation infrastructure projects.