Job Order Contracting
MAY 6, 2022
Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. The ultimate benefit provided by integrated construction planning, procurement, and project delivery solution is significantly improved life-cycle total cost of ownership asset management. Team Selection.
Building Information Management
MARCH 19, 2013
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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Job Order Contracting
APRIL 13, 2017
See asset life-cycle model… A total cost of ownership perspective is also required as opposed to the more prevalent practice of first-cost dominance. Transparency – Appropriate access to cost information, and associated comparison to published independent third-party costs, such as RSMeans Construction Cost Data.
Job Order Contracting
AUGUST 8, 2017
Alignment of risk and reward with a party’s ability to control risk. ASSET LIFE-CYCLE MODEL – Total Cost of Ownership Management – A framework for facilities life-cycle management. Construction Cost Workbook – 2002 – Conference on the International Comparison Program World Bank.
Building Information Management
MAY 15, 2012
First and foremost BIM is the life-cycle management of the built environment supported by digital technology. Construction cost estimating, and facility life-cycle cost estimating are critical components of any facility design, project delivery, repair, renovation, sustainability, or planning function.
Job Order Contracting
AUGUST 19, 2016
Educational and training programs must focus upon asset life-cycle management and modeling. Overall focus must shift from first-cost mentality to life-cycle/total-cost-of-ownership. Quantifiable: for ease of aggregation, calculation, and comparison. Shared and acceptable levels of risk/reward.
Autodesk Construction Cloud
JANUARY 24, 2023
Cost Management | New Custom Approval Workflow Response Due Option* To eliminate the risk of response due dates occurring over the weekend, users can now choose Workday(s) as an option when setting custom approval workflow response due dates. With this activated, users can view and access information pertaining to the change order life cycle.
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