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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

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. and maintenance information into the building knowledge base.

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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. Correspondence: abdullateef.olanrewaju@ymail.com. INTRODUCTION.

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Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The cost estimate should be detailed, i.e. line item, and presented in a clear, standardized manner. Make certain that the selected year-of-expenditure reflects a realistic scenario, taking into account project planning and development durations, as well as construction. The appearance of false precision must be avoided.

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Building Life-cycle Costs and Physical Asset Total Cost of Ownership Management (TCO)

Job Order Contracting

Creating and monitoring building life-cycle costs is a key component of physical asset total cost of ownership management. Initial design, procurement, and construction costs of a facility account for only 10%-20% of total capital expenditures throughout its useful life. Life-Cycle Cost Calculation.

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Getting buy-in from the field for digital project management

Fieldwire

Implementing construction technology and digitizing our workflows presents some unique challenges in the construction industry. Getting the trade contractor crews that will come on and off of that site throughout the project’s life cycle is an entirely different challenge.