Wednesday, February 8, 2023

2023 Comprehensive Unit Price Schedule                       

 

The 2023 Unit Price Schedule (UPS) will go into effect on March 1, 2023. This formulaic change reflects a 4.9% increase linked to inflation as published in the Engineering News-Record 2023 Construction Cost Index (published in January 2023). Affected submittals include the following: 

  • New bond requests.
  • Replacement bond requests. 
  • Bond extension requests.
  • Bond reduction requests.
  • New conservation deposit requests.
  • Replacement conservation deposit requests. 
  • Future construction deposit requests.

 

In the case of development agreement extension and replacement requests, if the estimated value using the 2023 UPS exceeds the existing posted amount, the county will require supplemental security before approval of the request. As noted above, all bond reductions must be calculated using the 2023 UPS.  

 

The 2023 UPS will be available at the Forms & Publications Library on March 1, 2023.  

 

If you have any questions, please contact Morgan Wolfe in the Bonds and Agreements Center at 703-324-1519, TTY 711. 

 

When a land development project is initiated in Fairfax County, improvements to the public infrastructure, such as streets, sidewalks, utilities and other bondable items, may be required. Learn more about Bonds and Agreements.

 

Approved by   William D. Hicks, P.E., Director 

                        Department of Land Development Services 

                        12055 Government Center Parkway, Suite 659 

                        Fairfax, Virginia 22035 

                        703-324-1780 

 

 

 

 

 

 

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