Regional Freeway System MAG Management Committee June 15, 2005
5
Regional Freeway System Regional Freeway System MAG Management Committee MAG Management Committee June 15, 2005 June 15, 2005 FY 2006 - 2007 FY 2006 - 2007 MAG Life Cycle Program MAG Life Cycle Program
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FY 2006 - 2007 MAG Life Cycle Program. Regional Freeway System MAG Management Committee June 15, 2005. PROJECT CHANGES. Red Mountain, Power Rd. – University Dr. Construction Cost Increase. PROJECT CHANGES. The current programmed amount of - PowerPoint PPT Presentation
Transcript of Regional Freeway System MAG Management Committee June 15, 2005
Regional Freeway SystemRegional Freeway System
MAG Management CommitteeMAG Management Committee
June 15, 2005June 15, 2005
FY 2006 - 2007 FY 2006 - 2007 MAG Life Cycle ProgramMAG Life Cycle Program
PROJECT CHANGESPROJECT CHANGES
Red Mountain, Power Rd. – University Dr.
Construction Cost Increase
PROJECT CHANGESPROJECT CHANGES
The current programmed amount of $126.5 million will need to be increased by $17.6 million to a revised cost of $144.1 million.
Approximately 30% of the increase is due to higher materials cost for construction items such as : Cement, Steel, Diesel Fuel and Lumber
PROJECT CHANGESPROJECT CHANGES
Increased noise wall quantities $3.6 million
Increased Materials cost $3.5 million
Pavement $3.4 million
Increased retaining wall quantities $3.0 million
Adding pump station storage box $1.5 million
Adding construction of a new maintenance underpass at McKellips Rd
$1.3 million
Increased excavation quantities $0.6 million
Adding McDowell Road detour at Power Rd $0.5 million
Channel Lining $0.2 million
TOTAL INCREASE: $17.6 million
Cash FlowCash Flow
A review of the current cash flow indicates funding is available for this cost increase.
