On Feb. 26, the House Committee on Transportation and Infrastructure passed H.R. 5912, the Expedited Delivery of Airport Infrastructure Act of 2020. This AGC-supported legislation would ensure that Airport Improvement Program (AIP) funds can be used to provide incentive payments to contractors for early completion of eligible projects. Early completion incentives allow owners to identify projects that provide significant public benefits that would be enhanced if the project were completed earlier. Rather than the owner agency establishing unrealistic completion dates, which could discourage some contractors from bidding on those projects, incentive payments allow contractors to determine how best to earn the incentive. AGC applauds the committee for passage of this measure and will continue to support its movement through the legislative process.
For more information, contact Murphie Barrett at firstname.lastname@example.org or (202) 547-8892.