Remove Definition Remove Environment Remove Estimating Remove Life Cycle
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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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Digital Twin – Aligning the physical and functional status of buildings and other physical objects with a corresponding digital model makes it possible to monitor and optimally manage capital reinvestment throughout their life-cycle.

Job Order Contracting

Aligning the physical and functional status of buildings and other physical objects with a corresponding digital model makes it possible to monitor and optimally manage capital reinvestment throughout their life-cycle. Requisite Components of a Physical Asset Life-cycle Management Solution. appeared first on 4BT.

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

Job Order Contracting

Common terms, definitions, & data formats — Common data environment (CDE). Cost estimating. Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. Shared, performance-based risk/reward. Construction.

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Lean Asset Management

Job Order Contracting

Lean Asset Management significant improve the availability, dependability, usefulness, safety of facilities and other physical assets, while also lowering life-cycle costs. A shared common data environment (CDE) that maintains current, actionable information is another critical component.

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Facility Life-cycle Costs: Managing the Built Environment – BIM?

Building Information Management

What are Facility/Infrastructure Life Cycle Costs? What is life-cycle management? Is BIM the life-cycle management of the built environment supported by digital technology? What are the benefits of life-cycle cost management vs. a “first-cost” focus? Answers to the above: 1.

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Facility Life-cycle Costs: Managing the Built Environment – BIM?

Building Information Management

What are Facility/Infrastructure Life Cycle Costs? What is life-cycle management? Is BIM the life-cycle management of the built environment supported by digital technology? What are the benefits of life-cycle cost management vs. a “first-cost” focus? Answers to the above: 1.

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Best Value Facilities Repair, Renovation Work Order Delivery

Job Order Contracting

Create a shared scope of work using a a detailed line item construction cost estimate using locally researched cost data. A common data environment supports collaboration. All parties can visualize project and work order requirements at a granular level and drive efficient life-cycle management.