Job Order Contracting

NOVEMBER 7, 2022

Valid construction estimates are based on processes and procedures, however, most organizations rely upon dated, ineffective methods. Cost and time estimates are imperative to the success of any construction project, both during construction and throughout the project life. 2 Detailed line item estimating.

Estimating 207

Estimating Procurement Life Cycle Construction 207

Construction Business Owner

AUGUST 25, 2022

Estimate Your Way in STACK. With 4 different ways to estimate, you’ll love using STACK’s cloud-based software. Estimating is the backbone of a construction project, and it’s essential to get it right to win bids. We want you to succeed, and however your estimates need to be executed we are here with choices! .

Estimating 296

Estimating Overhead Software Software 296

Job Order Contracting

JUNE 1, 2022

Construction Cost Estimating Factors 2022 – Construction Cost Estimating Factors that determine validity, transparency, and level of cost management capability. An estimate is no better than its basis. An estimate is a prediction and carries uncertainty. An estimate is a decision-making tool. CORE PRINCIPLES.

Estimating 228

Estimating Construction Procurement Architecture 228

Job Order Contracting

MAY 4, 2023

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.

Estimating 198

Estimating Construction Risk Documentation 198

Job Order Contracting

AUGUST 3, 2022

Accuracy is a very common term used in describing the primary attribute required in construction cost estimates. The use of the term accuracy in concert with a construction cost estimate is questionable is questionable at best but is sheer lunacy if the standard is the final construction cost! – Oxford Languages.

Estimating 204

Estimating Construction Procurement Renovating 204

Job Order Contracting

MARCH 30, 2022

Valid construction cost estimate creation is the goal of every professional estimator. Nonetheless validity of a construction cost estimate is critical to cost management. The management of a cost estimate involves updating costs with current data as it becomes available and revising the estimate to reflect changes.

Estimating 249

Estimating Construction Procurement Overhead 249

Construction Business Owner

AUGUST 25, 2022

What to Look for When Shopping for Construction Estimating Software. Tips to help you choose the right estimating software. Estimating software has become a necessity for contractors looking for a faster solution for their estimating and bidding. Estimating. Construction Estimating Software. Greg Ragsdale.

Estimating 296

Estimating Software Software Virgin Islands 296

Job Order Contracting

SEPTEMBER 18, 2023

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. The estimating process begins with a comprehensive understanding of your project’s scope of work. Costs must be current, objective, and locally reserached.

Estimating 203

Estimating Construction CSI Compensation 203

Job Order Contracting

SEPTEMBER 8, 2023

Defining a credible cost estimate is an important step towards improving construction outcomes. A credible cost estimate is one that has been derived using local market granular information. contact-form] The post Defining a CREDIBLE Construction Cost Estimate appeared first on 4BT.

Estimating 187

Estimating Construction Renovating Products 187

Job Order Contracting

FEBRUARY 17, 2021

Preparing Independent Government Estimates – IGEs is fundamental to achieving best value outcomes. Most Independent Government Cost Estimates are Not Well Documented. The best source of information for “construction” IGEs is a locally researched detailed unit price book. FAR 36.203. FAR 2.101 and 13.000.

Estimating 264

Estimating Contract Documentation Office 264

Job Order Contracting

JUNE 21, 2023

This enables simplified data management and the ability to update estimates with various other databases as needed. #4 Our platform can manage multiple Programs, Contracts, Proposals, Estimates, Work Orders, Documents, Forms, Contractors/Subconstractors, Teams, Buildings, Graphics, Issues/Tasks, and even leverage BIM information.

Estimating 215

Estimating CSI Defense BIM 215

Job Order Contracting

MARCH 3, 2022

Savvy owners and design builders know how review construction cost estimates. The process is collaborative and involves cost estimators, facilities management, and procurement professionals. The post How to Review Construction Cost Estimates appeared first on 4BT.

Estimating 212

Estimating Construction Procurement Regulation 212

Job Order Contracting

APRIL 26, 2022

Unit price construction cost estimating is the foundation of every reliable cost determination prior to procurement. Systems level estimating, historical data, assemblies, or square foot calculations should never be exclusively used to procure a repair, renovation, maintenance, or new build service. for the local market.

Estimating 240

Estimating CSI Procurement Construction 240

Job Order Contracting

MAY 21, 2022

There is only one sole source of truth for construction cost estimating, locally researched detailed line-item unit price data and associated quantities. References: GAO-19-57 – FEDERAL REAL PROPERTY ASSET MANAGEMENT Agencies Could Benefit from Additional Information on Leading Practices.

Estimating 228

Estimating Construction Defense Risk 228

Job Order Contracting

AUGUST 18, 2023

What’s involved in creating detailed line item construction cost estimate? The contruction cost engineer/estimator develops or selects a task description defining the type of effort or item to be constructed. 4bt.us [contact-form] The post Creating a detailed line item construction cost estimate appeared first on 4BT.

Estimating 135

Estimating Construction Equipment Materials 135

Job Order Contracting

SEPTEMBER 21, 2022

NEVER accept a lump sum estimate for a workorder/project without a full detailed line-item estimate and review of line-times and quantities. Fully audit cost estimate and actual cost information. RSMeans Cost Data, This document is for construction cost reference information.

Estimating 199

Estimating Comparison Electrical Organization 199

Cassell Construction Estimating

OCTOBER 5, 2023

Do you compile the estimate manually, 
then enter into a spreadsheet? Or do you build the bid directly from within your estimating
 software? You can’t open a box, and turn 
inconsistent estimating into a well‐oiled system. The importance of a consistent, production‐based estimating system cannot be overstated.

Estimating 100

Estimating Las Vegas Bidding Software 100

Job Order Contracting

MARCH 5, 2021

Construction cost estimate validation is a process to determine the relative level of reliability. Any use of the work accuracy with the word construction estimate is simply foolish. Construction cost estimate validation is basically an objective risk analysis and assessment of information reliability. via Four BT, LLC.

Estimating 162

Estimating Construction Materials Risk 162

Job Order Contracting

MARCH 17, 2021

Reliable construction cost estimating is important to real property owners, facilities management professions, architects, and engineers. If a job is estimated correctly all parties should have a detailed understanding of the scope of work, costs, time, labor, and materials required.

Estimating 152

Estimating Construction CSI Procurement 152

Job Order Contracting

FEBRUARY 19, 2021

Reliable construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build project. Reliable Construction Cost Estimating. While there may be several types of estimates in terms of granularity, this discussion is limited to detailed line item estimates. Learnings.

Estimating 150

Estimating Construction Renovating CSI 150

Job Order Contracting

APRIL 3, 2021

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. The information can also be used to create projects to quantify and address deferred maintenance levels. “ By definition, a construction cost estimate is an approximation. How frequently is information updates and how?

Estimating 169

Estimating Construction Procurement Renovating 169

Job Order Contracting

JULY 16, 2023

Reinforce detail unit line-item construction cost estimating today with CURRENT LOCAL MARKET DATA. Professional teams, processes, collaboration, and standardized information drive higher productivity. Our verifiable cost data technology can be leveraged to equip estimators at any design stage – from concept through close out.

Estimating 100

Estimating Construction Procurement Environment 100

Job Order Contracting

DECEMBER 7, 2020

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.

Estimating 145

Estimating Construction Procurement Environment 145

Job Order Contracting

MAY 12, 2020

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.

Estimating 149

Estimating Construction Life Cycle Documentation 149

Construction Business Owner

MAY 1, 2024

To ensure success in any project, you need the ability to anticipate changes and make informed decisions. This allows you to strategically evaluate and adjust your estimates and budgets based on how prices have fluctuated in past, similar market conditions. Staying ahead of cost trends is no longer a luxury, it’s a necessity.

Materials 345

Materials Construction Budgeting Budget 345

Job Order Contracting

APRIL 15, 2021

I always tell owners, builders, architects, and engineers to forget construction cost estimating accuracy. I would also avoid estimators and, or cost data providers that claim to provide accurate construction cost estimates. There is no such thing as an accurate construction cost estimate. This is clearly foolish.

Estimating 149

Estimating Construction Procurement Life Cycle 149

Job Order Contracting

MARCH 21, 2022

Should Areas Cost Factors be used for Construction Cost Estimating? As a result, more than 40 years after the introduction of area cost factors (ACFs), the federal government is no closer to its goals of having construction cost estimates match actual construction costs, or properly adjusting for regional (location based) variances.

Estimating 217

Estimating Construction Procurement Budgeting 217

Construction Business Owner

SEPTEMBER 8, 2020

8 Must-Haves for Construction Estimating & Project Controls Software. There are numerous functional capabilities comprising a complete system for estimating and project controls. Top-Down vs. Bottom-Up Estimating. Does the system you’re evaluating support both conceptual and detailed estimating practices? Greg Ragsdale.

Estimating 194

Estimating Software Software Virgin Islands 194

Autodesk Construction Cloud

JUNE 7, 2023

Inaccurate estimates might not be the root of all evil, but they sure can derail a project. Far and away one of the most common reasons, however, is inaccurate budget estimates. When it comes to construction, estimating costs is a towering challenge. When it comes to construction, estimating costs is a towering challenge.

Estimating 98

Estimating Construction Budgeting Budget 98

Job Order Contracting

APRIL 29, 2020

Detailed line item construction cost estimating is a prerequisite to obtaining best value outcomes for facilities / built infrastructure repair, renovation maintenance, sustainability, and new construction projects. A locally researched detailed line item construction cost estimating database plays a key role in this regards.

Estimating 151

Estimating Procurement Life Cycle Construction 151

Job Order Contracting

MARCH 18, 2022

” “Lack of justification in estimating the labor rates as follows: ? Estimator took 4 quotes, averaged them, and then created a range by adding 20% to the average price, and subtracting 20% from the average price. No details why estimator used a +/- 20%. Made the range too large and not useful. ?

Contract 196

Contract Office Estimating Documentation 196

Job Order Contracting

APRIL 1, 2019

LEAN Construction Cost Estimating Drives Optimal Performance. Currently available robust LEAN construction estimating, procurement, and delivery processes, services, and tools, make it possible to consistently deliver quality projects on-demand, on-budget, and on-time. Remember that a cost estimate is NOT then same a price estimate.

Estimating 130

Estimating Construction Procurement Change Orders 130

Job Order Contracting

SEPTEMBER 8, 2020

Construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build, and the consistent achievement of best value outcomes. Levels of Construction Cost Estimates. The are many levels of construction cost estimates based upon a “project” life-cycle.

Estimating 150

Estimating Construction Procurement Life Cycle 150

Job Order Contracting

SEPTEMBER 30, 2021

Efficient and best management practice construction cost estimating, and ongoing construction project/program management involve early and ongoing planning, and the collaborative and competent involvement of all construction project participants and stakeholders. The post The Construction Cost Estimate ACCURACY Myth appeared first on 4BT.

Estimating 100

Estimating Construction Procurement Management 100

Lets Build

FEBRUARY 2, 2022

A report commissioned by the University of Cambridge’s Centre for Digital Built Britain (CDBB) and prepared by KPMG focused on the value of Information Management within construction and infrastructure sectors. VolkerWessels UK participation in the value of information management in construction report. About VolkerWessels UK.

Management 148

Management Construction Airports Estimating 148

Autodesk Construction Cloud

JUNE 24, 2022

New opportunities and challenges highlight the importance of producing accurate estimates. In an industry with razor-thin margins, incorrect estimates can lead to a major hit in profitability and wreak havoc on your company’s finances. One of the best ways to do this is to use construction estimating software. .

Estimating 94

Estimating Software Software Construction 94

Autodesk Construction Cloud

JUNE 23, 2022

What we in America call Estimators, and what the rest of the world calls Surveyors, have been around for thousands of years. Today, estimators are the unsung heroes of a project team. That doesn’t mean they didn’t exist before then, because even God needed an estimate. Watch our Estimating Master Class.

Estimating 105

Estimating Modeling Documentation Risk 105