CIAC seeks clearer cost transparency as first Major Projects Quarterly Report is released
CIAC members praised the new Major Projects Quarterly Report as a baseline for legislative reporting but asked staff to add a front-page executive summary, consolidated sources-and-uses charts, and consistent inflation assumptions before the packet goes to the commission and legislature.
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The Citizen Infrastructure Advisory Committee reviewed the agency's first Major Projects Quarterly Report and asked staff to tighten presentation of costs, funding sources and estimating assumptions. Kat Silva, strategic operations manager for Delivery Operations, said the report is intended "to provide information, for more accountability and transparency and kind of risk awareness on these projects." The committee responded with specific requests for an executive-summary table showing original bid price, current cost position and causes for any delta.
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