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File #: 24-5436   
Type: Orange County Local Transportation Authority Item Status: Committee Ready - Regular Calendar
File created: 1/10/2024 In control: Executive Committee
On agenda: 10/7/2024 Final action:
Title: Measure M2 Next 10 Delivery Plan: Market Conditions Key Indicators Analysis and Forecast
Sponsors: Francesca Ching, Kia Mortazavi
Indexes: M2
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A, 4. Attachment B, 5. Presentation

Subject

title

Measure M2 Next 10 Delivery Plan: Market Conditions Key Indicators Analysis and Forecast

overview

Overview

At the direction of the Board of Directors, the Orange County Transportation Authority monitors construction market conditions. Annually, a report on Market Conditions Key Indicators Analysis and Forecast is presented to the Board of Directors to provide insight into potential project delivery cost drivers that could affect the Measure M2 Next 10 Delivery Plan. The last effort was presented to the Board of Directors on October 9, 2023. An updated forecast has been prepared and a presentation on the results of this effort is provided.

recommendation

Recommendation(s)

Continue to monitor market conditions, key indicators and provide updates to the Board of Directors as appropriate.