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Credible Construction Estimate Core Elements

Job Order Contracting

A credible construction cost estimate is required prior to engaging in procurement. The follow elements are common to a credible construction cost estimate. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

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Public Sector Real Property Management – Quality Construction Cost Estimating – Earned Value Management

Building Information Management

The Need for Credible Construction Cost Estimates. GAO and other studies/reports consistently report that errors and lack of due diligence with respect to original construction cost estimates are primary reasons for negative cost and schedule impacts, and overall poor project performance and outcomes.

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FOUR PHASES OF PROJECT MANAGEMENT

The Constructor

Organizing projects means defining roles and responsibilities, create a project charter, and develop high-level time and cost estimates. In this phase you assemble your team and assign tasks to individuals, develop a budget for the project, develop a schedule and create a communications plan.

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Subways in America

The Constructor

RECOMMENDED FOR YOU Building Hong Kong’s Airport Close Advertisement Hot Topics Recent Topics Most Viewed Most Discussed FOUR PHASES OF PROJECT MANAGEMENT WHAT IS PROJECT MANAGEMENT? All rights reserved.

America 203
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TYPES OF CRACKS IN CONCRETE BEAMS

The Constructor

Advertisement Hot Topics Recent Topics Most Viewed Most Discussed FOUR PHASES OF PROJECT MANAGEMENT WHAT IS PROJECT MANAGEMENT?

Concrete 244
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Introduction to Finite Element Methods-The Book-Part-2

The Constructor

Advertisement Hot Topics Recent Topics Most Viewed Most Discussed FOUR PHASES OF PROJECT MANAGEMENT WHAT IS PROJECT MANAGEMENT?

Concrete 203
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Journal of Construction Engineering and Management

The Constructor

Tweet Loading GET LATEST TOPICS IN YOUR EMAIL- SUBSCRIBE NOW. Advertisement Hot Topics Recent Topics Most Viewed Most Discussed FOUR PHASES OF PROJECT MANAGEMENT WHAT IS PROJECT MANAGEMENT?