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DFCM deep-dive finds rising construction costs; proposes clearer program studies and regulatory role
Summary
DFCM presented a multi‑stakeholder review of state construction practices, citing sharp post‑COVID price escalation and recommending more rigorous program studies, clearer distinctions between core needs and discretionary features, and a stronger regulatory role to produce itemized, comparable cost estimates.
DFCM presented the results of a cross‑stakeholder deep dive into capital construction processes and costs. The agency reported it administers thousands of state buildings and that over the last five years the legislature appropriated approximately $7.5 billion for capital projects through DFCM.
Presenters said the state faces notable price escalation: a study example showed a project-cost index where a $20 million building in…
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