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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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Better Manage Construction Costs Schedules and Quality

Job Order Contracting

Sixty (60%) percent of all project fail to meet both cost and and schedule targets. Fortunately there are proven processes to better manage construction costs, schedules, and quality. Fundamental Principals and Components of a Lean Integrated Planning, Procurement and Project Delivery Environment.

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OpenBUILD(TM) LEAN Construction Planning, Procurement, and Project Delivery Solution

Job Order Contracting

LEAN construction planning, procurement, and project delivery can consistently drive significant improvement over traditional methods. People – With the appropriate levels of owner leadership and competency, all participants can work within an atmosphere of mutual trust and respect and share both risks and rewards.

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Early estimates only part of the procurement problem

Construction Law

The UK’s poor procurement practices are highlighted yet again by the news that the £19bn Crossrail project can’t be completed with the money available to the project. Another chapter in the long history of analysing why the UK’s procurement practices are so poor has just been produced by the National Audit Office (see News).

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8 essential steps for effective project cost estimation and budgeting

Fieldwire

Estimating project costs correctly and managing the budget accordingly are just as vital. All subcontractors make project cost estimation and budgeting errors. Follow these eight essential steps to estimate project costs and budget funds effectively to prevent grave miscalculations. Digital data lends itself to analytics.

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Construction Cost Audit Fundamentals

Job Order Contracting

The following is an outline of basic Construction Cost Audit Fundamentals when reviewing a construction cost estimate and conducting a construction cost audit. Construction cost audit procedures involve a thorough understand of work scope and all phases leading up to and ending with the construction cost estimate.

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Value Generation in Public Sector Facilities Management

Job Order Contracting

The basics Step 1: Identify ALL Participants and Stakeholders and Meet with Them (Planning, Procurement, Designers, Builders, Building Users) Focus upon clearly defining and communicating desired outcomes for all involved. Step 3: Monitor Progress and Continuously Improve All projects bring risks and problems.