Negotiations - Phase Five

• 1  Quality Control
• 2  Independent Review Panel
• 3  CTB Recommendation
• 4  Submission and Selection of Detailed Proposal
• 5  Negotiations
• 6  Interim and/or Comprehensive Agreement
   
  

If VDOT, upon review of the detailed proposal determines (1) that the proposal meets the selection criteria established for evaluation and (2) that initiation of the negotiation stage shall be in the public interest, VDOT may initiate the negotiation stage. Components of the negotiations for the interim and/or the comprehensive agreement will, among other things, outline the rights and obligations of the parties, set a maximum return or rate of return to the private entity, determine liability and establish dates for termination of the private entity's authority and dedication of the facility to the commonwealth.