PPEA is the Public-Private Education Facilities and Infrastructure Act. It was passed in 2002 by the Virginia General Assembly to allow localities to form partnerships with the private sector. Through these partnerships, the public and private sectors work together to complete major projects, like building new schools. To date, hundreds of many PPEA projects have been completed in Virginia.
The PPEA is an alternative procurement tool (alternative to Design-Build, or Design-Bid-Build) that provides a consistent and predictable method of delivering important public projects. Public-private partnerships enable public bodies to partner with private entities to bring private sector expertise to bear on public projects and encourage innovative approaches to construction and renovation projects.
Many school divisions & local governments have sought PPEA procurement in efforts to save costs on procurement. Information is available at the following link; http://legacydatapoint.apa.virginia.gov/ppea.cfm