Value for Money Analysis Requirements for Projects
The Bureau and Federal Highway Administration Seek Public Comment on Proposed Guidance to Evaluate Alternative Project Delivery Approaches
The Build America Bureau (Bureau) and the Federal Highway Administration (FHWA) published guidance in the Federal Register to help the public understand statutory requirements to evaluate the appropriateness of using alternative approaches to deliver infrastructure projects. The guidance collates the requirements cited in four laws, does not contain any new criteria, does not impose any new legal requirements, and has no legal effect.
The Bureau and FHWA are seeking comments through the Federal Register from the public before finalizing the Value for Money (VfM) guidance document. The Bureau and FHWA can support public entities interested in evaluating alternative approaches for delivering transportation infrastructure through direct technical assistance. Contact us at InnovativeFinanceTA@dot.gov.