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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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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.

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RELIABLE Construction Cost Estimating

Job Order Contracting

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.

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LEAN construction cost estimating

Job Order Contracting

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. Shared risk/reward. Early and ongoing participation.

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6 Steps Towards Public Sector Efficient Physical Asset Management – Robust Process, Collaborative Teams Valid Data, & Enabling Technology

Job Order Contracting

Robust, integrated LEAN asset planning, procurement, and project delivery solutions are readily available to establish efficient physical asset life cycle management programs. Integrated planning, procurement, and project delivery processes and teams Process Drives Productivity. Develop detailed work scope and estimate.

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Tired of Late, Over-Budget, and Just Plain LOUSY Facilities Repair & Renovation Outcomes?

Job Order Contracting

Ensure robust nontechnical risk management by developing long-term relationships with well defined roles, responsibilities, workflows, information requirements, and deliverables. The interests of ALL participants and stakeholders must be aligned and resources marshalled towards well-defined outcomes.

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Better Manage Construction Costs Schedules and Quality

Job Order Contracting

The fundamental reason for poor outcomes is the failure to implement and properly manage robust and integrated LEAN planning, procurement, and project delivery processes. Sufficient time & resources are allocated to defining the scope of the project with the involvement of all participants and stakeholders.

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