Remove Contract Remove Estimating Remove Life Cycle Remove Resource
article thumbnail

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.

article thumbnail

Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Resource for Job Order Contracting Implementation

Job Order Contracting

An Industry Resource for Job Order Contracting Implementation, Four BT, LLC provides support for real property owners, facilities management, DPWs, construction contractors, subs, and oversight groups. LEAN FM – Overview of Asset Life-cycle Management. JOC Estimating Methodology & Best Practices.

Resource 100
article thumbnail

LEAN Job Order Contracting

Job Order Contracting

LEAN Job Order Contracting (JOC) is a robust integrated project delivery process for repair, renovation, maintenance, sustainability, and “minor” new construction. Asset Life-cycle Total-cost-of-ownership (TCO) Management www.4BT.us. The post LEAN Job Order Contracting appeared first on 4BT. INTRODUCTION.

Contract 165
article thumbnail

LEAN JOC – Job Order Contracting

Job Order Contracting

LEAN JOC (Job Order Contracting) is a robust integrated project delivery process for repair, renovation, maintenance, sustainability, and “minor” new construction. The approach invests more resources earlier in the Project life-cycle. Asset Life-cycle Total-cost-of-ownership (TCO) Management www.4BT.us.

Contract 132
article thumbnail

LEAN Construction Project Delivery and Facilities Operations, Maintenance, and Life-cycle Management

Job Order Contracting

Cost estimating. Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. Cost Estimating, Procurement, & Construction Project Delivery and Management Systems. Strategic planning. Procurement/bidding.

article thumbnail

Construction Cost Estimator – Line Item

Job Order Contracting

Construction Cost Estimator – Line Item. A superior line item construction cost estimator generally has an intricate knowledge of field construction techniques, uses a common data environment, and is skilled at both collaboration and LEAN construction and/or facilities management. Benefits of Unit Cost Line Item Estimating.