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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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Cost Estimate in Construction

Job Order Contracting

Creating a cost estimate in construction requires experience not only in estimating but in actual construction tasks. Preparing multiple reasonable detailed estimates efficiently as requires using a line item construction cost database. Cost Estimate in Construction. info@4BT.US. contact-form].

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What is JOC / Job Order Contracting?

Job Order Contracting

JOC has improved significantly in its levels of comprehensiveness, and capabilities versus its early introduction to America in the 1980s. JOC is a program-centric environment within which a contracts, projects, bids, estimates, and work orders follow specified stages and work flows.

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RS Mean’s 2015 Facility Manager’s Package offers new life cycle cost models for facilities

Construction Cost Estimating

RSMeans obtained by the Gordian Group, the most recognized supplier of construction cost estimating information in North America, just declared the availability of its totally new life cycle cost models for facilities which belong to its 2015 Facility Manager’s Package.

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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. BIM is the life-cycle management of the built environment supported by digital technology. The recent increase in demand for sustainable or green buildings is further making the consideration of life cycle cost an issue.

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Demand For Efficient Life-Cycle Building Management Processes – BIM, JOC, IPD – FIATECH PRESENTATION – 2012

Building Information Management

For example, estimating a job requires knowledge about about the impact that AE, context, and execution scope have on each unit, assembly, and system level cost. The later being largely responsible for the decades long declined in productivity within the construction sector throughout America. Click to view slideshow.

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

Building Information Management

The Need for Credible Construction Cost Estimates. GAO and other studies/reports consistently report that errors and lack of due diligence with respect to original construction cost estimates are primary reasons for negative cost and schedule impacts, and overall poor project performance and outcomes.