article thumbnail

12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Required level of detail, and overall scope. #2 Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

article thumbnail

Job Order Contracting Life-cycle Facilities Value Management

Job Order Contracting

Job Order Contracting Life-cycle Facilities Value Management and improving AECOO outcomes for all participants and stakeholders. Job Order Contracting Life-cycle Facilities Value Management enables the efficient use of available funds targeted for executing renovation, repair, maintenance, and minor new construction projects.

professionals

Sign Up for our Newsletter

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

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. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

article thumbnail

LEAN Construction Project Delivery and Facilities Operations, Maintenance, and Life-cycle Management

Job Order Contracting

Shared, performance-based risk/reward. Construction. Construction project delivery methodology. Life-cycle Management. The Construction Operations Building information exchange (COBie) has become one of the most widely known data formats. Construction code databases. Construction cost databases.

article thumbnail

Ready mix concrete life cycle

GCP Applied Technologies

Ready mix concrete life cycle. Some ready-mix concrete producers use mid- or high-range water reducers to the mix to help mitigate these risks. Concrete for tilt-up construction. Building exterior walls is usually a time-consuming process, but with tilt-up construction, walls can be created more quickly.

article thumbnail

Where Are You in Your Entrepreneurial Life Cycle?

Construction Business Owner

As a business owner, it is important to understand which cycle you are presently in, as it determines how you approach growth, helps pinpoint your most comfortable financial options and reveals your risk tolerance level.

article thumbnail

Integrated Construction Planning, Procurement, and Project Delivery Solution

Job Order Contracting

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. Journal of.