Project Advisory 21: Cost Analysis and Change Order Data
The MSBA performed an analysis of cost and change order data on projects funded and completed by the MSBA over the last three years. The cost analysis demonstrates that construction costs have remained relatively stable and that current MSBA funding levels continue to be appropriate. The MSBA plans to monitor cost data annually.
The MSBA provided an overview of the change order analysis to attendees of the June 10, 2013 Owner’s Project Manager Review Panel meeting, attendees of the June 19, 2013 Contractor Roundtable meeting, attendees of the July 9, 2013 Designer Selection Panel meeting, and, on July 19, 2013, to attendees of the Massachusetts Association of School Superintendents (“M.A.S.S.”) Executive Institute. These presentations included a review the data, methodology of analysis, and preliminary findings.