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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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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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Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

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Construction Cost Estimator – Line Item

Job Order Contracting

Construction Cost Estimator – Line Item. A superior line item construction cost estimator generally has an intricate knowledge of field construction techniques, uses a common data environment, and is skilled at both collaboration and LEAN construction and/or facilities management. Total Cost Visibility/Awareness.

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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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Construction Document Information Management

Job Order Contracting

Construction Document Information Management is central to productivity improvement. Construction Document Information Management. Imagine the ability to rapidly organize data and leverage mobile tools to enable access to, and the management of, actionable, standardized, defensible information… anytime and anywhere.

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LEAN Facilities Management Roadmap

Job Order Contracting

A LEAN Facilities Management Roadmap can help any committed organization maximize value from its built environment. What is a LEAN Facilities Management Roadmap? Core Components of a LEAN Facilities Management Roadmap are: Goals. Knowledge & Management Resources, Education & Training. Senior management.