Remove Construction Remove Engineering Remove Estimating Remove Life Cycle
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. applied to a outdated cost estimate will introduce significant error. Primary data sources should be used whenever possible. ENR economic index, etc.)

article thumbnail

Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

professionals

Sign Up for our Newsletter

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

article thumbnail

Construction Cost Estimating 2020 and Beyond – Must Reading for Owners

Job Order Contracting

Construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build, and the consistent achievement of best value outcomes. Levels of Construction Cost Estimates. The are many levels of construction cost estimates based upon a “project” life-cycle.

article thumbnail

Construction Cost Estimator – Line Item

Job Order Contracting

Construction Cost Estimator – Line Item. A superior line item construction cost estimator generally has an intricate knowledge of field construction techniques, uses a common data environment, and is skilled at both collaboration and LEAN construction and/or facilities management.

article thumbnail

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.)

article thumbnail

Get a competitive edge in your construction projects with value engineering

BD+C

Get a competitive edge in your construction projects with value engineering 1 kcichowicz Thu, 05/18/2023 - 11:53 Trimble Over the past half-century, value engineering (VE) has proven to be an effective tool to manage time, costs, and quality with an aim to maximize value. What is value engineering?

article thumbnail

Introduction to Current Construction Cost ESTIMATING Techniques 

Job Order Contracting

Introduction to Current Construction Cost ESTIMATING Techniques . Robust construction cost estimating is critical to improving productivity, quality, delivery times, cost control, and overall satisfaction for any renovation, repair, or new project. ESTIMATING FORMATS. TYPES OF ESTIMATING & ESTIMATES.