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State construction staff outline project budgeting methodology and report construction‑cost trends
Summary
Staff described how the department develops project budgets—direct construction costs, soft costs, contingency, and inflation adjustments—explaining use of historical trends and external cost‑estimator firms. Committee members and contractors raised questions about inflation, tariffs and regional price comparisons.
State construction staff walked the committee through the department’s project cost budgeting approach, how it sets anticipated hard‑bid construction costs per square foot and applies soft costs and contingency, and how staff track historical final costs to refine future estimates. John Rexes and Director Dale McComie described a multistep budgeting approach: determine allowable square footage (using enrollment projections and the department’s square‑footage calculator), estimate direct construction cost per square foot from industry trends, then apply historical percentages for soft costs (architect/engineer…
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