Contact Us   |   Sign In   |   Join
News & Press: Articles

Audit Reveals Why So Many Austin Projects Go Over Budget (Austin American-Statesman)

Wednesday, October 11, 2017  
City of Austin photoAustin officials initially priced the Shoal Creek storm drain improvement project at about a $1 million. But when the final bill was paid, the project actually cost Austin taxpayers about $7 million.

The renovations to City Hall and the City Council chambers to make room for the larger, 11-member council that took office in 2015 was originally priced at $1.4 million. The costs soared to $6.4 million.

Those two projects were just a few in a recent audit of Austin’s Public Works Department that found almost one-third — 29 percent — of the 48 projects it reviewed had costs balloon at least 50 percent higher than staff’s original estimates.

“The City often did not prepare accurate project cost estimates or collect reliable data to do so,” the audit said.
Read Complete Article Capital Project Delivery Process

BOMA Austin is professionally managed by CMP Management.

Association Management Software Powered by YourMembership  ::  Legal