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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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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.

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Better Manage Construction Costs Schedules and Quality

Job Order Contracting

Sixty (60%) percent of all project fail to meet both cost and and schedule targets. Fortunately there are proven processes to better manage construction costs, schedules, and quality. The errors and poor processes result in change orders, project delays, and legal disputes.

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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.)

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What Causes Construction Project Delays?

Viewpoint Construction Technology

As a contractor, misquoting a job estimate can be massively detrimental; some jobs are shut down for weeks, months or even dropped altogether. Accurate estimating ensures there is always enough money for materials, wages, and more. Subcontractor Schedules and Compliance. Budget Inaccuracies. Lack of Effective Communication.

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Preconstruction Meeting: A Quick Guide to Success   

Autodesk Construction Cloud

They ensure everyone is on the same page from the get-go, on topics as diverse as how change orders how the chain of communication will be handled on site. They also try to identify special considerations and forestall potential areas of complication that can lead to change orders.

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Elements of a Cost Estimate

Construction Cost Estimating

The foundation for a successful estimate depends on authentic takeoff of the quantities of the various materials involved in the project. The various elements that lead to an effective cost estimate are as: Labor Hours : Labor hour amounts can be prepared by crew analysis or applied on a unit man-hour basis.