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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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Benefits of Local Market Cost Data to Create Estimates – 4BT

Job Order Contracting

3 EASY TO USE – All line-item cost data is organized using expanded CSI MasterFormat. This enables simplified data management and the ability to update estimates with various other databases as needed. #4 2 DYNAMIC – We listen to the needs of our clients and constantly add new line-items. #3

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JOC Program Line-item Estimating

Job Order Contracting

Data classification is broadly defined as the process of organizing data by relevant categories so that it may be used and protected more efficiently. NEVER accept a lump sum estimate for a workorder/project without a full detailed line-item estimate and review of line-times and quantities.

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Best Construction Cost Estimating Solution

Job Order Contracting

Here is a recommended list of considerations if you are seeking the best construction cost estimating solution for your organization. Collaborative environment – Even if there is only one estimator, it is critical to share current, actionable information with multiple internal and external parties.

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LEAN Construction Cost Estimating

Job Order Contracting

LEAN Construction Cost Estimating Drives Optimal Performance. LEAN Construction Cost Estimating. Detailed line item construction cost estimating is a core component of LEAN construction and measurably improved outcomes. Focus upon detailed line item estimating by discrete tasks. Change Management is Perpetual.

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MasterFormat Construction Cost Estimating

Job Order Contracting

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Using the term “accurate” or “accurate costs” in conjunction with construction cost estimating is a fools errand. “ By definition, a construction cost estimate is an approximation. Absolutely not!

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Collaborative Construction Cost Estimating 2021

Job Order Contracting

Collaborative construction cost estimating provides guidance to organizations seeking improved cost visibility and transparency for repair, renovation, maintains and new build projects as well as overall facilities and physical infrastructure management. In other words, robust, LEAN process takes precedence for all associated projects.