Fairfax County, Virginia sent this bulletin at 02/26/2024 04:30 PM EST
February 26, 2024
LAND DEVELOPMENT SERVICES
Letters to Industry
2024 Comprehensive Unit Price Schedule
The 2024 Unit Price Schedule (UPS) will go into effect on March 1, 2024. This formulaic change reflects a 2.6% increase linked to inflation as published in the Engineering News-Record 2024 Construction Cost Index (published in January 2024). 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 2024 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 2024 UPS.
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.
