Construction Cost Estimating

JULY 26, 2013

Construction Estimating using Excel Steven Peterson, MBA , PE, from Weber State University has written this book. This estimating book facilitates construction professional/estimator/engineer to acquire basic fundamental of estimating which involves drawing sets, practical lessons, and instances.

Estimating 51

Estimating Construction Permits Drawings 51

Job Order Contracting

NOVEMBER 17, 2020

Job Order Contracting 2021 is a competitively bid, firm, fixed-price, indefinite quantity contract, and integrated planning, procurement, and project delivery program for as-needed construction services. The UPB reflects Contractors bid an adjustment factor (coefficient) that is applied to all construction tasks listed in the UPB.

Contract 130

Contract Bidding Procurement CSI 130

Construction Cost Estimating

APRIL 5, 2015

Electrical Estimating Methods (RSMeans) - an exclusive estimating book for electrical estimators & contractors Wayne J. Del Pico has written an exclusive book alias Electrical Estimating Methods (RSMeans) 4th edition. Buy the book from Amazon ~~~~~~~~~~~~~~~~~~~ Published By Rajib Dey www.quantity-takeoff.com ~~~~~~~~~~~~~~~~~~~.

Estimating 40

Estimating Electrical Contractors Bidding 40

Building Information Management

DECEMBER 12, 2016

How to Select a JOC Unit Price Book– WHITE PAPER. A Common Data Environment in the form of a locally researched detailed Unit Price Book, UPB, significantly improves renovation, repair, maintenance, and new construction outcomes. Here is a listing of initial considerations when selecting a JOC Unit Price Book. INTRODUCTION.

Estimating 40

Estimating CSI Renovating Materials 40

Building Information Management

DECEMBER 12, 2016

How to Select a JOC Unit Price Book– WHITE PAPER. A Common Data Environment in the form of a locally researched detailed Unit Price Book, UPB, significantly improves renovation, repair, maintenance, and new construction outcomes. Here is a listing of initial considerations when selecting a JOC Unit Price Book. INTRODUCTION.

Estimating 40

Estimating CSI Renovating Materials 40

Job Order Contracting

SEPTEMBER 28, 2016

A Job Order Contract Coefficient is a numerical factor that represents costs (generally indirect costs) not included in the unit price line items within the Unit Price Book, UPB, associated with the Job Order Contract. Subcontractors’ overhead and profit. All costs associated with bonding (specifically including bond premiums).

Contract 100

Contract Overhead Insurance Profitability 100

Job Order Contracting

OCTOBER 24, 2017

Best Value Procurement Competitively Bid. Associated Documents and Reports (JOC Operations Manual, Notice to Bidders, Bid Forms, RFP, Proposal Form, Negotiations Records, Close-out Form/Package). (Specifically for Job Order Contracting, though Integrated Project Delivery is similar and used for major new construction).

Budgeting 100

Budgeting Budget Renovating Overhead 100

Viewpoint Construction Technology

JANUARY 29, 2019

Don’t worry — we won’t share your answers, there is no time limit and this can be “open book.” Bid smarter and win more work. Viewpoint conducted research that demonstrated construction organizations are using data and analytics to streamline current workflows and increase project profits. Denver Airport. Eiffel Tower.

Industrial 176

Industrial Airports Viewpoint Construction 176

Lets Build

AUGUST 4, 2023

With the software, you can automate labour and material costs, standardise bids, and get accurate estimations based on previous costs and bids. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc. Proper budgeting Budgeting requires the most attention to ensure on-budget projects.

Software 78

Software Software Construction Budgeting 78

Lets Build

AUGUST 4, 2023

With the software, you can automate labour and material costs, standardise bids, and get accurate estimations based on previous costs and bids. This includes blueprints, legal contracts, building codes, budget documents, proposals, bids, etc. Proper budgeting Budgeting requires the most attention to ensure on-budget projects.

Software 78

Software Software Construction Budgeting 78

Job Order Contracting

SEPTEMBER 29, 2017

(a) “Adjustment factor” / “coefficient+ – job order contractor’s competitively bid adjustment to the organizations prices as published in the current unit price book. b) “Indefinite quantity” means one or more of the construction tasks listed in the unit price book. (c) Typically within a range of 0.80

Organization 100

Organization Contract Liability Contractors 100

Contractor Connection

NOVEMBER 13, 2023

This not only preserves additional living expense limits but also ensures transparent pricing through a competitive bid process. This leads to additional bookings and revenue, including lucrative long-term bookings that can significantly boost profits. This can lead to long-term, mutually beneficial partnerships.

Housing 40

Housing Insurance Security Bidding 40

Building Information Management

NOVEMBER 5, 2015

Contractors – Detailed unit price line estimates are used to bid jobs and also done by general contractors and construction managers to validate bids from sub contractors. Line item estimates are also used to create and validate construction budgets.

Estimating 40

Estimating Construction CSI Bidding 40

Job Order Contracting

JANUARY 8, 2020

For example, if a UPB should reflect the local cost of construction minus contractor profit and overhead. Thus a contractors bid co-efficient for standard hour construction is generally in the 1.10-1.30 Do they become a normal line item priced annually in future annual price book revisions? What support do you offer customers?

FAQ 131

FAQ Contract Software Software 131

Job Order Contracting

AUGUST 15, 2016

Design-bid-build, design-build, CM@R can’t match this level of productivity or success. Build your knowledge of line item estimating with the JOC Unit Price Book. Enable Contractor to earn a reasonable profit. As an Owner, Bid approved JOC Contractors against each other (i.e. don’t engage in “bid shopping”.).

Contract 100

Contract Estimating Bidding Contractors 100

Constructonomics

DECEMBER 11, 2011

I received an email a few weeks ago from Brent Darnell telling me and a number of his other LinkedIn contacts that ENR magazine published a review of his book, “The People Profit Connection.” I was also doing hard bid, high risk work. In bad economies, margins slim down and hard bidding increases.

Bidding 125

Bidding Risk Profitability Industrial 125

Job Order Contracting

FEBRUARY 17, 2017

Extensive use of non-prepriced items was not necessary (items not derived from the JOC Unit Price Book). Contractor bid extremely low JOC co-efficients (0.50 This “padding” of proposals was done to offset the low adjustment factors bid by the JOC contractors. This was an understood practice within the JOC program.

Contract 100

Contract Long Beach Project Management Bidding 100

Construction Cost Estimating

JUNE 20, 2014

Contractors can get better profitability by getting the lowest-cost materials which meet up contract specifications, and check fluctuating prices for commodity products to stay on. ~~~~~~~~~~~~~~~~~~~~ Published By Arka Roy www.quantity-takeoff.com ~~~~~~~~~~~~~~~~~~~~.

Estimating 45

Estimating Bidding Contract Drawings 45

Job Order Contracting

MARCH 2, 2017

Traditional design-bid-build (DBB) construction delivery was too inefficient for the large numbers of renovation, repair, and sustainment/maintenance projects. Now JOC programs can be supported by multiple suppliers of unit prices books, software types, and associated services. A unit price book , UPB, is typically updated annually/.

United States 100

United States Contract Procurement Software 100

Construction Marketing Ideas

OCTOBER 4, 2012

This posting from Paul Lesieur in the Remdodelcrazy.com blog is worth repeating:’ Why are the bids so different? We like the contractor with the highest bid best because he had detailed all the fixtures we wanted and his estimate was very detailed in general. Why are the bids so different?

Documentation 63

Documentation Bidding Estimating Contractors 63

Contractor Bookkeeping

MAY 29, 2013

Every contractor has a Job Costing Library, some keep it in their head, some keep it on paper with names like completed jobs, bids, estimates. These are similar to the "Flat Rate Books" used by car repair shops for decades. Other contractor''s keep it in their QuickBooks for contractors software records.

Profitability 48

Profitability Contractors New York City New York 48

Job Order Contracting

MARCH 27, 2019

Developing a detailed scope of work and associated line item cost estimate using a verifiable and current locally researched unit price book (UPB) is a mandatory component of a LEAN construction delivery approach. The later includes the builders overhead, profit, and contingencies. Estimating and pricing are not the same things.

Renovating 100

Renovating Estimating Construction Budgeting 100

Help Everybody Everyday

NOVEMBER 1, 2018

And you don’t have to look any further than HGTV to see how profitable (or challenging) residential work can be. The three most common ways are: Low-bid. When the owner selects a contractor based on low-bid, they are only looking at an apples-to-apples comparison of price between competitive offers. Best Value. Negotiated.

Industrial 149

Industrial Construction Bidding Renovating 149

Job Order Contracting

APRIL 4, 2024

Let’s break down what this means: Job Order Contracts (JOC) Definition : JOC is a type of procurement process used by public agencies to accomplish a large number of small to medium-sized projects with a single, competitively bid contract. It should be used to account for contractor overhead and profit. or higher.

Overhead 187

Overhead Profitability Contract Risk 187

Building Information Management

JULY 2, 2016

contractor’s profit. subcontractor’s overhead and profit. risk of a lower than expected contract dollar value; risk of a high inflation cost if factors are bid for option years; risk of poor subcontractor performance and re-performance). UNDERSTANDING a Job Order Contract COEFFICIENT. insurance costs. protective clothing.

Contract 40

Contract Overhead Permits Insurance 40

Building Information Management

OCTOBER 16, 2015

. “Adjustment factor” – The job order contractor’s competitively bid adjustment to the owner’s prices as published in the unit price catalog. that is bid by job order contractor and use to multiply against a job order estimate for a job order contract as developed using the unit price book.

Contract 40

Contract Liability Insurance Documentation 40

Building Information Management

MAY 11, 2015

A reasonable profit, quality, and projects complete on-time and on-budge, and long term relationships are the goal. A few other items: Most JOCs require the use of RSMeans and specifically “bare costs” and the Facilities Cost Book. Bare costs do not include contractor’s overhead(s) and profit. Annual volume.

Management 40

Management Contract Estimating Overhead 40

Building Information Management

NOVEMBER 6, 2013

Reliant on a Unit Price Book (UPB) and competitively-bid coefficient to establish pricing structure. move away from the low capture ratios and low profit world of traditional design-hard bid-build and achieve reasaonble payment for your effort and service. Pricing structure relies on a Unit Price Book.

Contract 40

Contract Bidding United States Estimating 40

Job Order Contracting

APRIL 16, 2021

Financial transparency is provided through the use of an associated detailed unit price book. How many JOC Contracts do Owners bid? Owners may bid a single contract or bid several contracts base upon geographic area and/or type of work required (roofing, paving, electrical, etc.). For instance, a coefficient of 1.20

Contract 192

Contract Overhead Bidding United States 192

ProcurementExpress.com

FEBRUARY 11, 2019

Profit margins in the construction industry are notoriously tight. Bidding and Research Stage. Request for bids. Receive bids. As mentioned, construction teams risk losing out on profits when quality control isn’t given priority. Communication is a critical part of increasing profit margins. Tight Margins.

Procurement 52

Procurement Plans Construction Budgeting 52

Building Information Management

APRIL 10, 2015

What’s Wrong with Design Bid Build? Traditional design-bid-build,DBB, is costly, antagonistic, and simply inefficient. A Job Order Contracting (JOC) system is based on a competitively bid indefinite delivery-indefinite quantity (IDIQ) contract between a facility owner and a construction contractor. JOC Fundamentals.

Contract 40

Contract Renovating Bidding Construction 40

Job Order Contracting

SEPTEMBER 14, 2016

Traditional design-bid-build (DBB) construction delivery was too inefficient for the large numbers of renovation, repair, and sustainment/maintenance projects. The specific Job Order Contract determines a unit price book (UPB) that has a number of unit price line items complete with descriptions and labor, material and equipment costs.

Contract 100

Contract Construction United States Procurement 100

Job Order Contracting

AUGUST 21, 2018

Locally researched detailed line items Unit Price Book(s) develop using the OpenJOC 5% Rule(TM). Unit Price Books developed without overhead & profit. Lower bid prices. All of the following are provided via the LEAN OpenJOC Job Order Contracting solution. Full financial transparency. Co-efficients ranging in the 1.0+

Contract 100

Contract Renovating Sustainability United States 100

Building Information Management

FEBRUARY 19, 2016

In addition, as there are multiple jobs/task and additional work is awarded based upon performance, there is a “self-leveling” aspect that in the end provides the Owners a reasonable price for quality work (versus lowest price and questionable quality), and provide the Contractor with a reasonable profit.

Construction 40

Construction Contract Accounting Products 40

Building Information Management

APRIL 24, 2015

The traditional specification, design, and low bid award delivery system for minor construction or facility modification has the following deficiencies: Specifications and drawings are compiled by designers who often do not have the best construction experience. Construction tasks not included in the unit price book may be negotiated.

Contract 40

Contract Arizona Bidding Procurement 40

Job Order Contracting

AUGUST 1, 2017

How JOC Contracts do Owners bid? Owners may bid a single contract or bid several contracts base upon geographic area and/or type of work required (roofing, paving, electrical, etc.). Owners may elect to award JOCs to the prescribed number of responsible and eligible bidders bidding the lowest coefficients per solicitation.

FAQ 100

FAQ Contract Overhead Bidding 100

Building Information Management

JUNE 22, 2015

The traditional specification, design,and low bid award delivery system for minor construction or facility modification has the following deficiencies: Specifications and drawings are compiled by designers who often do not have the best construction experience. This book defines a unit price to be paid for each of the construction line items.

Contract 40

Contract Arizona Bidding Procurement 40