Capitol Visitor Center: Update on Status of Project's Schedule and Cost as of February 7, 2008.
Today's remarks are based on our review of schedules and financial reports for the CVC project and related records maintained by AOC and its construction management contractor, Gilbane Building Company; our observations on the progress of work at the CVC construction site; and our discussions with the CVC team (AOC and its major CVC contractors), AOC's Chief Fire Marshal, and representatives from the U.S. Capitol Police. We also reviewed AOC's construction management contractor's periodic schedule assessments, potential change order log, and weekly reports on construction progress. In addition, we reviewed the contract modifications made to date.
Since the November 14, 2007, CVC hearing, the project's construction has progressed, and AOC is still anticipating an early November 2008 opening date. But risks to the project's schedule remain in several time-critical activities, especially fire alarm acceptance testing, which, under the current schedule, must be completed on time for the CVC to open on time. Delays in work on the East Front, the Exhibit Gallery, and the House Hearing Room also pose risks to the project's schedule, as do the many items on the project's punch list and a steady number of proposed change orders. At this time, however, AOC does not expect the punch list items or the proposed change orders to affect the project's completion date. Summary AOC's current estimate of the cost to complete the CVC project's construction, first reported at the September 25, 2007, hearing, is about $621 million. We believe this estimate is reasonable, provided there are no unusual delays. To date, about $566.2 million has been approved for CVC construction, and AOC has $16.2 million more in fiscal year 2008 CVC appropriations that it plans to use for construction after it obtains congressional approval to obligate these funds. AOC has estimated that it will need an additional $5.9 million in fiscal year 2008 to fund construction, and it has requested $31.1 million in fiscal year 2009 funds for CVC construction. Based on its current cost-to-complete estimate, AOC believes it may need an additional $2 million to complete the project in fiscal year 2009.
Categories: Government Operations, Accountability, Construction contracts, Contract administration, Contract modifications, Cost analysis, Cost overruns, Facility construction, Federal facilities, Federal funds, Future budget projections, Public visitor-centers, Risk assessment, Schedule slippages, Strategic planning, Capitol Visitor Center Project
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|Publication:||General Accounting Office Reports & Testimony|
|Date:||Mar 1, 2008|
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