Reason for Variance – FIN
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Reason for Variance – FIN This project was underspent by approximately $548K compared to the approved 2020 P&A budget of $2,229,267 for a total final spend of $1,681,714. Overall, the project was less complex from a technical perspective t...
AI summary The project was underspent by approximately $548K due to lower complexity and internal resource utilization, though material costs increased by $352K post-pandemic. The project was delayed due to part availability, vendor availability, and encroachment issues. Final work was completed in February 2025.