Remove Budget Remove Contract Remove Documentation Remove Estimating
article thumbnail

Preparing Independent Government Estimates – IGEs , IGCEs

Job Order Contracting

Preparing Independent Government Estimates – IGEs is fundamental to achieving best value outcomes. Most Independent Government Cost Estimates are Not Well Documented. The usefulness of an IGE to a contracting officer and other Government interest depends largely upon its supporting documentation. FAR 36.203.

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.

professionals

Sign Up for our Newsletter

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

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.

article thumbnail

The ONLY Cost Effective Job Order Contracting Solution that maintains current local cost data

Job Order Contracting

If you are looking a Job Order Contracting Solution that is cost effective and maintains current local cost data, you are in the right place.

Contract 188
article thumbnail

LEAN Job Order Contracting – Getting the most out of available funds

Job Order Contracting

Getting the most out of available funds requires LEAN Job Order Contracting. LEAN Job Order Contracting is an indefinite delivery, indefinite quantity program in which the costs of the project are. The post LEAN Job Order Contracting – Getting the most out of available funds appeared first on 4BT.

Contract 240
article thumbnail

8 essential steps for effective project cost estimation and budgeting

Fieldwire

Estimating project costs correctly and managing the budget accordingly are just as vital. Subcontractors getting awarded a contract spells financial disaster if the bid is too high to be competitive or too low to be profitable. All subcontractors make project cost estimation and budgeting errors.

article thumbnail

LEAN Job Order Contracting – What Public Sector Facilities Professionals Need to Know

Job Order Contracting

It’s critical to take the time to monitor and improve your Job Order Contracting processes as they are not as you think they might be. What LEAN Job Order Contracting? Each step of a robust process assures consistent on-time, on-budget, quality construction delivery and is maintained with a digital footprint. Learn more?

Contract 221