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Best Management Practices for Capital Projects in Washington State

Access to report prepared by State of Washington’s Office of Financial Management added to PM World Library

10 October 2014 – Dallas, London, Sydney – The 2006 Washington state Legislature in the United States directed the state’s Office of Financial Management (OFM) to report on best management practices for financing and constructing state capital projects. Specifically, this law required OFM to review: (1) best practices for managing capital project costs including long-term information for facility preservation, major facility or system replacement, and new capacity; (2) best practices in the state’s capital budgeting process and public works contracting procedures; (3) appropriate uses of alternative capital project financing; and (4) risk management and reduction of potential claims and litigation related to state projects. To access the report, go to and select “US State Government Organizations”. Scroll down to state of Washington; must be a logged in member to access.