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Estimating Facility Life-cycle Costs

Job Order Contracting

Estimating Facility Life-cycle Costs is a critical aspect of facilities management. Key elements associated with Estimating Facility Life-cycle Costs include the following: Experience. Systems costs and systems life-cycles. Use of common, easily understood industry terms and definitions.

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Job Order Contracting Life-cycle Facilities Value Management

Job Order Contracting

Job Order Contracting Life-cycle Facilities Value Management and improving AECOO outcomes for all participants and stakeholders. Job Order Contracting Life-cycle Facilities Value Management enables the efficient use of available funds targeted for executing renovation, repair, maintenance, and minor new construction projects.

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

Job Order Contracting

LEAN Practices Asset Competency Model. Facilities O&M management spans multiple competencies (core skills), business processes (asset management practices/industries), and activities: Competencies/Activities. Life-cycle Management. Industry specific glossaries. Industry Standards (ISO, NIST).

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SWOT and PESTEL analysis of Building Information Modeling

Lets Build

BIM Modeling since its emergence in the field of AEC Industry has bolstered the information management in the form of product or process throughout the life-cycle of a building.

Modeling 109
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The “I” for Information if Building Information Modeling or Life-cycle Facility Management

Building Information Management

Building Information Modeling (BIM) is a digital representation of physical and functional characteristics of a facility. A BIM is a shared knowledge resource for information about a facility forming a reliable basis for decisions during its life-cycle; defined as existing from earliest conception to demolition. – NIBS.

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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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Credible Construction Estimate Core Elements

Job Order Contracting

Without accurate, timely, consistent, and actionable information, improved decision-marking and the associated reduction of rampant construction waste is impossible. All public sector entities would benefit by using locally researched standardized cost data to generate line item cost estimates for construction projects.