Washington HB2353 updates the predesign threshold for capital facilities to better align with current construction costs.

Washington HB2353 updates the predesign threshold for capital facilities to better align with current construction costs. The bill raises the cost threshold for predesign requirements from $10 million to $15 million, adjusted annually for inflation starting July 1, 2027. The Office of Financial Management must review major capital construction projects valued over $15 million during the predesign stage to reduce long-term costs and increase efficiency.

Washington HB2353 updates the predesign threshold for capital facilities to better align with current construction costs.

Washington HB2353 updates the predesign threshold for capital facilities to better align with current construction costs. The bill raises the cost threshold for predesign requirements from $10 million to $15 million, adjusted annually for inflation starting July 1, 2027. The Office of Financial Management must review major capital construction projects valued over $15 million during the predesign stage to reduce long-term costs and increase efficiency.