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The Lease-Leaseback method for educational facility construction involves a school district leasing property to a developer, who builds a school and then leases it back. This allows the district to spread construction costs through lease payments over time. Legal complexities have increased over the years, prompting legislative amendments requiring a competitive solicitation process based on best value. Contractors must be prequalified, and proposals are evaluated through a sealed bid process. The method aims to reduce risks for school districts, with the builder accountable for meeting a guaranteed maximum price. However, potential drawbacks include legal challenges, higher contract prices, and limitations on skilled workforce availability.

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