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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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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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

Job Order Contracting

The 4BT Knowledge-based JOC Solution: Program Management Contract Management Proposal Management Estimate Management Work Order Management Workflow, Approvals, and Forms Management Full Document Management (now simply folders – full version control) Document, Forms, etc.

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MasterFormat Construction Cost Estimating

Job Order Contracting

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Uniformat level and/or assembly level, or building level cost data is useful for budgeting purposes only, and should not be used for bidding, procurement, and execution actual projects with builders, construction managers, etc.

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Open Construction Cost Estimating

Job Order Contracting

Open Construction Cost Estimating for 2018 and Beyond! Create you own line items from a core line item database, build estimates, manage projects, store and view virtually all forms of documents. Understand and explore solutions jointly using a common data environment based upon CSI Masterformat. It’s that simple.

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Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Consistently delivering quality projects on time and on budget simply requires leadership, accountability, and commitment. Cost management can only be achieved through the process of owners created independent line item estimates. Controlling Construction Costs is not rocket science 1.

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Value-based Construction Planning, Procurement, and Project Delivery

Job Order Contracting

Value-based construction planning, procurement, and project delivery can consistently enable quality projects, on-time and on-budget. A locally researched detailed line item unit price book, organized using a standard data format, i.e. CSI Masterformat, is a key CDE element.