Write Up:

Accurate program cost estimates help MoDOT deliver more timely improvements for taxpayers. At the end of March, 362 road and bridge projects had been completed in fiscal year 2026 for $1.038 billion. This represents an increase of 3.6%, or $36.1 million more than the programmed cost of $1.002 billion. Of the 362 completed road and bridge projects, 55% were finished within or below budget. In comparison, only 39% of the 306 projects were completed within or below budget as of the same date one year ago. Possible projects with adjustments pending could cause slight changes in the final values. However, these values include final contract adjustments such as asphalt index adjustments, liquidated damages and bonuses/incentives/disincentives.

Twenty multimodal projects were completed for $46.9 million, which is a decrease of 1.2%, or $0.6 million less than the planned cost of $47.6 million. A total of 100 projects by local public agencies were completed for $107.8 million, which is 7.3%, or $8.4 million, less than the projected cost of $116.3 million. The target is a 0% difference, indicating MoDOT is making timely use of available funds. Year-to-date in FY 2026, road and bridge, multimodal, and local public agency projects were within 2.4% of the target for completed projects. The actual award amount for FY 2026 was lower than the program estimate by 15%, or $168.5 million. MoDOT continues to monitor the situation throughout the year.

Purpose of the Measure:

The measure compares total project costs to the programmed cost/project budget and final costs. 

Measurement and Data Collection:

Completed project costs are reported during the fiscal year in which a project is completed. Road and bridge project costs include design, right-of-way purchases, utilities, construction, inspection and other miscellaneous costs. The programmed cost is based on the amount in the most recently approved Statewide Transportation Improvement Plan (STIP). Completed costs include actual expenditures. Multimodal and local public agency project costs usually reflect state and/or federal funds, but not the funds contributed locally for such projects.

The target for this measure is set by internal policy and will remain unchanged unless there is a policy change.