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The Issues Associated with Using Location Factors and “national average” cost databases

Job Order Contracting

They are not intended to be used when preparing appropriation-quality estimates. They often are applied to conceptual estimates for identifying “go/no-go” projects at an early stage.” Despite its potential weaknesses, estimation by adjustment factors is a very common approach for all types of construction.

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Where it all began: The U.S. Postal Service’s Design-Build partnership with The Korte Company

The Korte Company

Math check: Withdrawing a must-win bid. Founder Ralph Korte laid down the gauntlet shortly after we completed a renovation of the renowned Union Station in St. Competition was fierce for what little work came up for bid in 1990. We bid the work tight. A miscalculation in the bid. Our head estimator was livid.

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Construction Cost Estimating, Location Factoring, and National Average Cost Data

Job Order Contracting

Many in the public sector are unaware of the construction cost estimating issues caused by the use of national average cost data and location factoring. They are not intended to be used when preparing appropriation-quality estimates. Here’s short summary of those problems noted by independent third parties. Peitlock, B.A.,

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4BT OpenCost(TM) Local Market Granular Cost Data an RSmeans Alternative?

Job Order Contracting

Significantly improve cost visibility and cost management for ALL your facilities repair, renovation, maintenance, and new build projects. #1 Granular line items for repair, renovation, maintenance, and new builds organized by expanded CSI MasterFormat. They are not intended to be used when preparing appropriation-quality estimates.

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Top 30 Construction Classes at Autodesk University 2021

Autodesk Construction Cloud

Collaborative Estimating Workflows for Preconstruction and VDC Teams. Leveraging BuildingConnected to Enhance Your Digital Bid Process. The preconstruction phase is no stranger to changes with restrictions on in-person bid openings forcing the industry to reevaluate how to conduct bids.