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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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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. Consequently, the need for value management emerges.

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

Building Information Management

GAO and other studies/reports consistently report that errors and lack of due diligence with respect to original construction cost estimates are primary reasons for negative cost and schedule impacts, and overall poor project performance and outcomes.

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Schedule LOD’s – Levels of Detail for Construction Schedules

Building Information Management

Jelen’s Schedule Levels. Functionally there is very little practical application for a schedule that is only a single bar other than to represent an element of a project or program time line. Level zero schedules normally will include the project or program major milestones and bars indicating key scope. Schedule Level.

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A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

MasterFormat 2004 (and subsequent updates) is now composed of up to 8 digits (though many have expanded to 12+ digits) and 50 divisions at Level 1, “Sections” within each division, as well as four standard levels, and a user-defined fifth level. 2004+ Edition. Procurement Requirements and Contracting Requirements. 1995 Edition.

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A Primer on MasterFormat & Improving Construction Project Collaboration

Building Information Management

MasterFormat 2004 (and subsequent updates) is now composed of up to 8 digits (though many have expanded to 12+ digits) and 50 divisions at Level 1, “Sections” within each division, as well as four standard levels, and a user-defined fifth level. 2004+ Edition. Procurement Requirements and Contracting Requirements. 1995 Edition.