RELEASE: CONTACT:

IMMEDIATE Tamara Neale 804-786-6458

CO-0447 Oct. 27, 2004

VDOT DELIVERS MORE PROJECTS ON TIME AND ON BUDGET
Latest quarterly report card released today

RICHMOND - The Virginia Department of Transportation (VDOT) continues to improve its on-time and on-budget performance. For construction projects scheduled to be completed in the first quarter of fiscal year 2005 (July – September), VDOT finished 68 percent on time, and 88 percent within budget. In terms of all projects scheduled to be completed over the entire fiscal year, VDOT completed 37 percent on time in the first quarter, already beating last fiscal year’s total performance of 36 percent.

“Three months into the new fiscal year and we’ve already set a new performance record for ourselves,” said VDOT Commissioner Philip Shucet, “And, we’re on track to meet or beat our FY05 goal of completing 60 percent of our projects on-time this year. Every step we take over the remaining three quarters of the year only pushes the bar higher.”

VDOT’s definition of “on time” means that a project is finished on the original contract completion date, regardless of any justified extensions such as bad weather or other legitimate reasons. This is the strictest definition of “on time” of any state department of transportation, Shucet said.

Results and Comparisons:

Construction contracts completed on time

FY 2004 1st Quarter – 22%

FY 2005 1st Quarter – 68%

During the first quarter, 37% of all construction contracts scheduled for completion in FY 2005 have been finished on time or ahead of schedule.

Construction contracts completed within budget

FY 2004 1st Quarter – 69%

FY 2005 1st Quarter – 88%

Maintenance contracts completed on time

FY 2004 1st Quarter – 32%

FY 2005 1st Quarter – 74%

During the first quarter, 37% of all maintenance contracts scheduled for completion in FY 2005 have been finished on time or ahead of schedule.

Maintenance contracts completed within budget

FY 2004 1st Quarter – 73%

FY 2005 1st Quarter – 89%

VDOT is improving its performance with fewer people. At the end of the first quarter, the agency had about 1,000 fewer people, avoiding costs of roughly $42 million annually.

Go to http://www.VirginiaDOT.org for VDOT’s latest report card.