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.

article thumbnail

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.

professionals

Sign Up for our Newsletter

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

article thumbnail

MasterFormat Construction Cost Estimating

Job Order Contracting

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Using the term “accurate” or “accurate costs” in conjunction with construction cost estimating is a fools errand. “ By definition, a construction cost estimate is an approximation. Absolutely not!

article thumbnail

How to Successfully Integrate Construction Accounting and Operations

Viewpoint Construction Technology

It’s no secret, though, that many contractors rely on spreadsheets for workflows like accounting, project management, scheduling and estimating. Sachse Construction struggled with this situation, using spreadsheets as a go-between for the software used by its accounting department and the software used by operations.

article thumbnail

How to calculate and improve labour productivity in construction

Lets Build

The construction industry has a unique problem when it comes to calculating and improving labour productivity: Every project consists of a wide variety of tasks that differ from site to site. However, even with this challenge, there are some methods to calculate labour productivity in construction. Economic changes.

Products 145
article thumbnail

Regulatory Costs Account for 23.8% of New-Home Prices

Pro Builder

Regulatory Costs Account for 23.8% Housing regulations during development and construction account for $93,870 or 23.8% NAHB Chairman Chuck Fowke calls on policymakers to reduce or eliminate unnecessary regulations so builders can increase production. increase during the five-year span between NAHB’s 2016 and 2021 estimates.

article thumbnail

40+ Fresh Product Releases You Should Know in January

Autodesk Construction Cloud

This month, we have 40+ product releases across Autodesk Construction Cloud , including Autodesk Build, Autodesk BIM Collaborate, Autodesk Takeoff, BuildingConnected, and Assemble. Admin Console | Rename Roles – Account administrators can update the names of roles within their account.

Products 105