Text favorites manager dynamic drainage labels

My group is new to ORD and we're developing plan and profile sheets with annotation for the pipes and structures. I've developed  labels with fields that read data from pipes and structures like the diameter and length, these appear to require the fields be reassigned when ever the pipe is adjusted and the length changes.

My experience in civil3D is that labels are dynamic and whenever the pipe invert or length changes the label will update itself. Is there a way to have Openroads automatically reassign the label field and update itself rather than needing to manually update the label field?