NEW YORK – As part of its continuing effort to assure completion of construction projects on time and within budget, the Port Authority of New York and New Jersey will make an important change in how it selects contractors for future construction projects and in how it selects firms to manage and oversee construction on behalf of the Port Authority.
Going forward, bidding firms’ past performance record on previous Port Authority projects will become a decisive factor in contract award determinations. Poor performance on past projects will severely handicap a firms’ ability to obtain future work. Good performance on past projects will continue to be a positive consideration in the selection process.
Performance evaluations will be prepared for all contractors, subcontractors and construction management firms on all Port Authority construction projects. Less-than-satisfactory ratings received at any time during the previous three years will be formally considered in contract award determinations. Performance evaluations will be performed during and at the completion of construction projects, and will be conducted by the Port Authority professionals overseeing the work.
“Making sure contractors and construction managers are held accountable for their past performance is an important tool in achieving our goal of on-time and on-budget performance in all of our projects,” said Port Authority Executive Director Rick Cotton. “This also requires that the Port Authority step up its own game in managing projects to assure timely delivery against a project’s schedule and assure that project costs are tightly managed and hit budget targets.”
Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency’s network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where the 1,776-foot-tall One World Trade Center is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.