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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. ■

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Credible Construction Estimate Core Elements

Job Order Contracting

Secondary data sources , such as contractor and subcontractor quotes are secondary data sources and should not be exclusively relied upon. #2 Typical construction project stake holders include: Owners (management, engineering, contracting/procurement, building users), Contractors, Subcontractors, and Designers/Architects.

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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. INTRODUCTION.

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Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The use of consultants to prepare estimates must be carefully structured and reviewed, to make sure that no conflicts of interest exist from a Government-Contractor relationship aspect. All elements of the project must be reduced to a cost that can be accounted and budgeted at a line item level.

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Essential BIM Terminology

Viewpoint Construction Technology

Each stakeholder or contractor maintains their own data and documents. Configuration Status Accounting. Recording and reporting of product configuration is called configuration status accounting. It accounts for the status and implementation of proposed changes. Life-Cycle Assessment.

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Construction Cost Data – A Valuable Read?

Job Order Contracting

Current, actionable construction cost data is a core component of efficient life-cycle management of the built environment and LEAN construction planning, procurement, and project delivery. What type of construction cost data do you use? LEAN Process Combined with Detailed, Locally Researched Construction Cost Data.