RI S2822

Establishes legal framework for public-private partnerships (P3s) where private entities develop, finance, construct, operate, or maintain state-owned assets while bearing significant long-term risk

Requires the chief purchasing officer to promulgate rules for P3 agreements by July 1, 2027, developed in consultation with design-builders, contractors, engineers, architects, and labor organizations

Mandates that all P3 contracts require prevailing wages for employees and must follow competitive procurement processes under existing state purchasing laws

Requires agreements over $25,000,000 to include an objective study on whether to utilize a project labor agreement, plus a "value for money" analysis by a subject matter expert

Protects state and quasi-public employees represented by bargaining units by requiring compliance with privatization and collective bargaining provisions before awarding P3 agreements that may displace workers