article thumbnail

Construction Equation: Knowledge Problems + Data Problems + Management Problems = Outcome Problems

Job Order Contracting

Lack of recognition by senior management of the linkage between between the built environment and organizational mission Low level of understanding of both life-cycle total-cost-of-ownership management and integrated lean planning, procurement, and project delivery principles and processes. Elsevier Butterworth-Heinemann, 2004.

article thumbnail

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.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lean methodology is ignored by the construction sector

Job Order Contracting

Is it a a fact that Lean methodology is ignored by the construction sector. While there has been a fair amount written about Lean principles, actual application in the form of an integrated construction planning, procurement, and project delivery methodology has been limited to 5% or less actual work. Lean Construction Reading Primer.

article thumbnail

BIM, Value Management, Life-cycle Cost Management

Building Information Management

BIM is the life-cycle management of the built environment supported by digital technology. Unfortunately, too much emphasis has been placed upon 3-D visualization and other technology components vs. the process of life-cycle management. A CRITICAL REVIEW OF VALUE MANAGEMENT AND WHOLE LIFE COSTING ON CONSTRUCTION PROJECTS.

article thumbnail

A Giant That Is (Still) Creeping Through the Construction Industry: Digitization

Building Radar

However, digitalisation in the construction industry is developing more slowly than in other industries. In our article, we have already described 20 construction industry trends to watch in 2020.Today Artificial Intelligence In general, artificial intelligence (AI) will positively change all areas of the construction industry.

article thumbnail

Public Sector Real Property Management – Quality Construction Cost Estimating – Earned Value Management

Building Information Management

The Need for Credible Construction Cost Estimates. Education, key performance indicators, common terms and definitions, LEAN collaborative construction delivery methods and supporting technology can to be leveraged to enable significant productivity and quality improvement. Basic Characteristics of Credible Cost Estimates.

article thumbnail

20 construction industry trends to watch in 2020

Building Radar

Top trends in the construction industry 2020 How will the construction industry develop in 2020? We have studied and evaluated numerous sources – discover with us the most important trends and developments in the construction industry in 2020. Revolution in the construction industry: artificial intelligence 6.