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Construction Cost Estimating Facts

Job Order Contracting

Construction Cost Estimating Facts Construction Cost Estimating Facts #1 There is no such thing as an “accurate cost estimate” Beware of any so called expert, estimating firm, or vendor using the term. #2 2 Construction cost estimating is NOT an art.

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Construction Cost Estimating – Single Source of Truth

Job Order Contracting

There is only one sole source of truth for construction cost estimating, locally researched detailed line-item unit price data and associated quantities. GAO/GGD-00-172R Study on Facility Design Reviews – Federal Facilities Council’s Report on the Role of Facility Design Reviews in Facilities Construction.

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Benefits of Local Market Cost Data to Create Estimates – 4BT

Job Order Contracting

This enables simplified data management and the ability to update estimates with various other databases as needed. #4 4 SUPERIOR TECHNOLOGY – We exclusively provide enterprise collaborative software to take full advantage of our construction cost data.

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US Cost Success Estimator Review

Cassell Construction Estimating

Focus: Estimating & budgeting for Department of Defense projects, facilities, manufacturing, and public utilities. contractors, government agencies, owners Quick evaluation: Easy to use right out of the box for estimating & budgeting. Optimum company (type): > 50 million dollar D.O.D. More popular with D.O.D.,

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Action Needed to Increase the Reliability of Construction Cost Estimates

Job Order Contracting

Action Needed to Increase the Reliability of Construction Cost Estimates per the GAO. DEFENSE INFRASTRUCTURE: Action Needed to Increase the Reliability of Construction Cost Estimates GAO-18-101: Published: Mar 27, 2018. GAO DOD Cost Estimating. Publicly Released: Mar 27, 2018.

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Community-based Construction Cost Estimating

Job Order Contracting

Community-based Construction Cost Estimating … The OpenCost TM Approach. Take advantage of several critical improvements relative to the collection, validation, use, and maintenance of detailed line item unit price cost data to improve construction outcomes. The estimator (owner/contractor/A&E, etc.)

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Currency and Accuracy of Construction Cost Data used for IGEs

Job Order Contracting

ISSUE- The required standards for the currency and accuracy of construction cost data used for IGEs have not been met for years, and there is appears to be no plan to address this major failing. The contracting officer may require an estimate when the cost of required work is not anticipated to exceed the simplified acquisition threshold.