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.

article thumbnail

Change Orders in Construction – 101 Guide

Lets Build

Change orders are common to construction projects. Whatever is the case, it is important to know how you can more effectively handle a change order as it can change your project both time and money. What is a change order in construction? What causes a change order.

professionals

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

Job Order Contacting & Line Item Estimating Basics Workshop

Job Order Contracting

A Job Orde r Contacting & Line Item Estimating Basics Workshop, and our series of contractor training classes for the Allied States Cooperative Job Order Contracting Services Contract for the State of New Mexico drew the following comments… Very well explained and friendly envir onment! contact-form].

article thumbnail

Estimating Construction Costs for Job Order Contracts

Job Order Contracting

Estimating Construction Costs for Job Order Contracts properly is critical to the success of any JOC program. A low change order rate 5%-16% or lower. Elimination of legal disputes. Key performance indicators related to Estimating Construction Costs for Job Order Contracts: Average work order/project price.

article thumbnail

Community-based Construction Cost Estimating

Job Order Contracting

Community-based Construction Cost Estimating … The OpenCost TM Approach. Traditional cost data commonly available on the market is based upon national averages. The OpenCost Methodology TM is a collaborative and ongoing cost estimation process. The estimator (owner/contractor/A&E, etc.)

article thumbnail

The Myths of LEAN Construction and Integrated Project Delivery

Job Order Contracting

“Coming together is a beginning, staying together is progress, and working together is success.” ” Henry Ford. “Coming together is a beginning, staying together is progress, and working together is success.” ” Henry Ford.

article thumbnail

Better Manage Construction Costs Schedules and Quality

Job Order Contracting

80% of cost overruns are due to poor scope of work definition, and associated inadequate and/or flawed construction cost estimates and otherwise poor planning, procurement, and project delivery management. The errors and poor processes result in change orders, project delays, and legal disputes.

Schedule 163