Write Up:

By limiting overruns on contracts, MoDOT can continue to keep its maintenance and construction commitments. This emphasis, combined with the use of practical design and value engineering, has contributed to limiting overruns on contracts. MoDOT’s performance in the first two quarters of FY 2024 is 0.7% over the award amount ($3.5 million over the award amount of $403 million worth of projects completed), with 57% of the projects being completed below the original award amount.

Many factors can affect the ability to complete a project within the targeted 2% of the award amount. These factors can include design changes, differing conditions, additional work items and administrative decisions.

For FY 2024, MoDOT road and bridge projects were completed 0.3% over budget, multimodal projects were completed 2.2% under budget and local public agency projects were completed 2.9%% over budget.

Purpose of the Measure:

This measure tracks the percentage difference of total construction payouts to the original contract award amounts. This indicates how many changes are made on projects after they are awarded to the contractor for road, bridge, local public agency and multimodal projects – aviation, waterway and transit.

Measurement and Data Collection:

For road and bridge projects, contractor payments are generated through MoDOT’s AASHTOWare database and processed in the financial management system for payment. Change orders document the underrun/overrun of the original contract cost. Local public agencies and multimodal agencies use staff or consultant resources to set contract completion dates and track performance.

The target for this measure is set by internal policy and will not change unless policy changes.