Transportation Final 4-15-09 -   5.1 Percent of capital projects completed on-time and within budget

WSDOT has successfully delivered 185 Nickel and TPA projects as of December 31, 2008, and is on target with the $1.937 billion Legislative budget.

Since 2003, WSDOT has delivered a total of 185 Nickel and Transportation Partnership Account (TPA) projects for $1.937 billion, on target with the legislative budget expectation. By March 30, 2009, nearly 70% of the projects funded by Nickel and TPA will either be under construction or completed.

WSDOT uses nationally recognized best practices to manage projects within budget.

On-time and on-budget performance on individual projects 

For the 185 highway projects completed through September 30, 2008, changes from the previous quarter are:

• On-time delivery performance improved to 90%;
• On-budget performance improved slightly to 88%; and
• On-time and on-budget project delivery performance improved to 79% this quarter.

Key factors

• The Construction Cost Index increased 4.7% during 2008.
• The average number of bidders on projects has increased from 3.5 in 2007 to 4.4 in 2008.