article thumbnail

Unit Price Construction Cost Estimating

Job Order Contracting

Unit price construction cost estimating is the foundation of every reliable cost determination prior to procurement. Systems level estimating, historical data, assemblies, or square foot calculations should never be exclusively used to procure a repair, renovation, maintenance, or new build service. for the local market.

article thumbnail

Objective, reliable, and veriable Construction Cost Estimates

Job Order Contracting

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. A knowledgeable and well-trained estimating team is a key component along with a robust processes, procedures, a objective and granular local market construction task data. #1

professionals

Sign Up for our Newsletter

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

article thumbnail

Insurers expect rise in fraudulent claims as economic conditions continue to bite

Construction Law

Construction insurance will experience increasing impacts from the accelerating spread of Artificial Intelligence technology across the industry, warns law firm RPC in its Annual Insurance Review. To read more of this and every other news story on this site, please log in with your Construction Law membership account details.

article thumbnail

Construction Cost Audit Fundamentals

Job Order Contracting

The following is an outline of basic Construction Cost Audit Fundamentals when reviewing a construction cost estimate and conducting a construction cost audit. Construction Cost Audit Fundamentals. Regular audit are mandatory for any LEAN construction planning, procurement, and delivery implementation.

article thumbnail

Construction Law: December 2023

Construction Law

Editor’s comment Evolution can disrupt more than revolution The new Procurement Act comes into force next year. Legislation state of play table Our regular update of the progress of legislation and regulatory and Parliamentary scrutiny affecting construction compiled by Construction Law staff writers.

article thumbnail

Construction Law: Jan/Feb 2024

Construction Law

Editor’s comment Whitehall governance problem at heart of procurement inadequacies? Editor Nick Barrett asks how long the UK can get away with the governance problem said by the head of the National Audit Office to be embedded at the heart of Whitehall when it comes to managing large scale procurements.

article thumbnail

Construction Law: October 2023

Construction Law

Editor’s comment Procurement slammed in Edinburgh Tram inquiry report Editor Nick Barrett laments the ‘litany of failures’ identified in Lord Hardie’s report into the Edinburgh Tram fiasco. Lessons must obviously be learned for future procurements; but none of them are new.