Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBB/CMAR
# of Projects: 1
100% of the Results

Background informationProject Created: February 8, 2010

Project Name: 1 World Trade Center (NYC)
Year in Operation:
Sector: Buildings
Subsector: Other Government Building
Status: Design / Construction
Type: New Facility
Description: 1776 foot tall tower being constructed by the Port Authority of New York and New Jersey housing commercial and museum space on World Trade Center site in lower Manhattan. The new structure includes a 104-story sckyscraper, to be completed in 2013, with 600,000 sqft of museum space. One key element of $1.4 billion program to redevelop the World Trade Center. Eventual home to 2.6 million sqft of Commercial space.
Delivery Method as described in the country where it's located: Design Bid Build
Is the project still active: Yes
Comments: Separate design is followed by separate construction, followed by contract to manage space for the PANYNJ.

Project Locations

Address: One World Trade Center
City: New York City
State: New York
Country: United States of America

Address: One World Trade Center
City: New York
State: New York
Country: United States of America

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Land is already owned by the PANYNJ. This is site of the 9/11 terrorist attack on the World Trade Center.

Souces of Project Support (Monetary)

Checkbox Checked

From Public (Government) Sources to Producers

Arrow Right
Checkbox Checked

Direct Cash Support: PANYNJ is self financing bi-state authority, with capacity to raise its own funds for projects promoting the region.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner then separately contracts with another party, who operates and maintains the facility.
Construction Manager At Risk Variants: Public Sponsor contracts with Construction Manager At Risk while design is in process.

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals
Design
X
X

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Initial Design and Construction
10
0
Forms
Description
Other
PANYNJ format 

Project Value (If and As Known)

Date of Estimated Project Value: February 17, 2009
Project Value
Hard Cost
Hard & Soft Costs
Total
$2-10 Billion US
(none)

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