Return to List

Construction Cost at Award as a Percent of Budget
Goal: Maintain Cumulative Construction Cost at Award within 10% of Budget


Construction Cost at Award as a Percent of Budget
Federal Fiscal Year 2016

/Apps/ScorecardDMZ/Images/gaugeBlack2.png

90.8%

Why This Is Important

Stakeholders and the public expect ITD to deliver all highway projects to construction that are programmed each year.  This requires projects to be delivered within budget.  Projects on which costs at contract award are as close as possible to the project programmed amount allows ITD to better invest limited funding and maximize benefits.

How We Measure It

ITD totals the construction costs of projects awarded in the fiscal year and compares them to the total construction budget programmed at the beginning of the fiscal year for the same projects.  GARVEE projects are not included.

What We're Doing About It

ITD employs value engineering and practical design principles to ensure projects provide the benefits desired at the lowest practical cost.  ITD closely monitors construction bids and price trends to keep construction estimates accurate.  Collectively, these methods allow more projects to be provided at or under the programmed amount.


Construction Costs at Award as a Percent of Budget
Federal Fiscal Year

  Goal (-10%)
  Goal (+10%)
  Percent

Note: GARVEE projects not included.

Cumulative Construction Costs at Award as a Percent of Budget

Note: No projects were awarded in October/November 2011 (FFY 2012).
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
FFY 2012 90% 88% 90% 87% 86% 84% 82% 81% 80% 81%
FFY 2013 95% 92% 90% 89% 92% 93% 96% 99% 99% 102% 103% 102%
FFY 2014 104% 103% 101% 92% 87% 100% 100% 100% 99% 98% 98% 98%
FFY 2015 92% 79% 80% 81% 88% 86% 87% 87% 88% 88% 89% 89%
FFY 2016 99% 97% 97% 96% 99% 99% 90% 89% 89% 91% 91% 91%
FFY 2017 82% 82% 86% 78% 81% 89% 91% 96% 96% 97% 99% 99%