4.4.13 Cost Estimate Updates
Construction and ROW cost estimates, and corresponding TxC data, must be updated periodically to reflect project changes. Typically cost estimates are updated at milestone deliverables, however, the cost may need to be updated more frequently depending on the project’s development schedule.
Any cost overruns will affect District programming of projects and must be identified as early as possible and shared with District planning/funding staff. The cost estimates must accurately identify approved funding sources (federal, State, and local participation).
Some categories of funding will require approval for changes to the estimate. Coordinate with the funding category’s funding manager prior to updating estimates.
Use TxDOT’s CCEG and CCEG spreadsheet tool to develop the cost estimate for each geometric schematic submittal. Eligible utility adjustment costs must be included in the ROW cost estimate.
If updated estimate total cost meets or approaches the VE threshold, consider conducting a VE analysis (see
.)