This February 2020 briefing presents a $40 million budget increase request for the North Satellite Terminal (NSAT) project at Seattle-Tacoma International Airport, raising the total forecast from the Commission-approved $672 million to $712 million, a 5.9% increase. The additional costs are attributed to differing site conditions, changes in construction process, potential construction risks, scope added by the Port and airlines, and added support costs and management reserve. The briefing was presented to the Port of Seattle Commission on February 25, 2020.Open full document
Notes
This briefing presents a $40 million budget increase request for the North Satellite Terminal (NSAT) project, representing a 5.9% increase over the previously Commission-approved budget of $672 million, bringing the forecast to $712 million. The document identifies the causes of the budget growth, including differing site conditions, changes in process, construction potential risk, scope added by Port/Airlines, added support costs, and management reserve.
