Wednesday, November 1, 2017

Beware City Construction Cost Estimates

Government construction cost estimates are notoriously under final cost numbers for public projects. Here is one in Georgetown's backyard of Austin.Statesman

The new Austin downtown MetroRail station will take two years longer to complete than Capital Metro said just a few months ago, and cost about 80 percent more than the original $22 million estimate.

The new station, originally estimated to cost $22 million, is now $39.4 million and slated to open in 2021.

Remember this kind of cost and schedule under-estimation whenever the cost and schedule estimates are revealed for local projects.

By-the-way, how is the new Georgetown City Hall project coming?

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