Remove Accounting Remove Budget Remove CSI Remove Life Cycle
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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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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. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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Credible Construction Estimate Core Elements

Job Order Contracting

Sharing actionable, transparent information with all construction project participants and stakeholders early on, and throughout the construction and operations life-cycle of a built structure, would measurably mitigate change orders, legal disputes, and waste.

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Construction Cost Estimator – Line Item

Job Order Contracting

Common data environment – Using CSI MasterFormat and an associated construction cost database with common descriptions, terms, and full detail as to labor, material, and equipment costs is the ONLY efficient way to build, maintain, re-use, and share detailed line construction cost data. Benefits of Unit Cost Line Item Estimating.

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

Building Information Management

Sharing actionable, transparent information with all construction project participants and stakeholders early on, and throughout the construction and operations life-cycle of a built structure, would measurably mitigate change orders, legal disputes, and waste.

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Why Efficient Facility Management Is So Difficult

Building Information Management

Focus is upon best value and life-cycle costs versus first costs. More projects are completed on-time and on-budget, timely accurate, and standardize information is available for all participants and oversight groups. Risk/reward is shared an additional work and resources are allocated based upon performance. Owner Roadblock.

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How to Select a JOC Unit Price Book

Building Information Management

The use of CSI Masterformat data aggregation assures efficient distribution, modification/updating, and proper use of the UPB in concert with JOC procedures and goals. Modifiers, on average, account for 30% of the cost a a JOC task order. Line item estimates are also used to create and validate construction budgets.