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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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Credible Construction Estimate Core Elements

Job Order Contracting

Sharing actionable, transparent information with all construction project participants and stakeholders early on, and throughout the construction and operations life-cycle of a built structure, would measurably mitigate change orders, legal disputes, and waste. and maintenance information into the building knowledge base.

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Collaboration in Construction Matters

Job Order Contracting

Compare those numbers to the AECOO (architecture, engineering, construction, operations, and owner) average of 70-72% of project over budget and over schedule! Significantly improving facility life-cycle repair, renovation, and new construction outcomes is both possible, and easily implemented IF owner leadership and competency are present.

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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. Unfortunately, too much emphasis has been placed upon 3-D visualization and other technology components vs. the process of life-cycle management. Consequently, the need for value management emerges. INTRODUCTION.

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Improving Renovation, Repair, and Maintenance Project Delivery

Job Order Contracting

The way to deliver 96%+ of renovation, repair, and maintenance projects on-time, on-budget, and at the appropriate level of quality is to enable collaboration with contractors and other expert service providers. Educational and training programs must focus upon asset life-cycle management and modeling.

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Facilities Operations & Maintenance Management

Job Order Contracting

Budgeting/Capital Planning. Budgeting/Capital Planning. Post construction costs average 80% of total facilities investment thus emphasis upon O &M budgeting and capital planning provides major benefits. Life-cycle / total cost of ownership management techniques. LEAN Business Models and Methods.

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

Building Information Management

Sharing actionable, transparent information with all construction project participants and stakeholders early on, and throughout the construction and operations life-cycle of a built structure, would measurably mitigate change orders, legal disputes, and waste. and maintenance information into the building knowledge base.