If a project is experiencing a cost-overrun, the project sponsor can address it by applying the following to the PPACG CAC, TAC and Board of Directors:
• Project sponsors may request to use local funds.
• Project sponsors may request adding additional money from unanticipated sources and
• Project sponsors may request to change the scope of work for a project* (changing the
scope of work cannot entail changing the inherent functionality/utility of a project).
• Project sponsors may request to cancel one of their own funded projects and use those
funds for cost-overruns on a different one of their own funded projects with remaining
funds returned to the regional pool.**
**If a project sponsor cancels or changes the scope of a project, any remaining funds will go back into the regional pool of funds. If there are remaining funds, those funds will be applied to other projects in the TIP that are also experiencing cost-overruns. Those funds will be allocated to projects based on their original score. This funding pool will be applied to project cost-overruns on a quarterly basis. The cancelled project is eligible for submission during the next call for projects.