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File #: 21-3632   
Type: Orange County Local Transportation Authority Item Status: Passed
File created: 8/11/2021 In control: Executive Committee
On agenda: 10/4/2021 Final action:
Title: Measure M2 Next 10 Delivery Plan: Market Conditions Key Indicators Analysis Forecast
Sponsors: Francesca Ching, Kia Mortazavi
Indexes: M2
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A, 4. Attachment B, 5. PowerPoint

Title

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

 

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 November 9, 2020. An updated forecast has been prepared and a presentation on the results of this effort is provided. 

 

Recommendation(s)

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