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.

article thumbnail

Collaborative Construction Procurement Planning and Project Delivery = Best Value Outcomes

Job Order Contracting

Collaborative Construction Procurement Planning and Project Delivery is a robust process for consistently achieving long-term best value for all participants and stakeholders. Tools and services should be procured to support owner requirements. Collaborative Construction Procurement Planning Drives Best Value Outcomes.

professionals

Sign Up for our Newsletter

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

article thumbnail

Collaboration and informed decision-making in the construction industry

Job Order Contracting

Improving construction cost estimating requires collaboration, transparency, and a robust process. Collaboration in the above manner allows disparate groups, including owners, A/E’s, builders, and procurement professionals, to focus on common goals. Collaboration involves both giving and receiving help. Check it out!

article thumbnail

2024 Job Order Contracting

Job Order Contracting

It was simply a way to speed procurement. Since that time JOC has evolved into an integrated project delivery (IPD) method that not only accelerates procurement, but also shorten project delivery times and reduces costs up to 30%-40%. are not appropriate and have shown to introduced significant errors in cost estimating.

Contract 196
article thumbnail

Construction Services Procurement Best Management Practices

Job Order Contracting

Construction services procurement best management practices focus upon collaboration and change management. These relationship are DIRECTLY between service providers and owners, without intermediate “consultants” (Consultant or integrators do have a role in terms of training, auditing, supplying tools, structured data, etc.).

article thumbnail

Learning about Job Order Contracting?

Job Order Contracting

JOC is both a procurement mechanism and a project delivery method. When designed and managed properly, JOC integrates planning, procurement, and project delivery processes and teams under a consistent programmatic workflow. Do I need to hire a JOC consultant? Can owners create independent estimates? Absolutely not.

Contract 215
article thumbnail

All things JOC – Job Order Contracting

Job Order Contracting

For All things JOC – Job Order Contracting click here … Structuring a best value JOC Program requires far more than getting a certification, buying software, or hiring a ‘JOC consultant” . How to integrate internal and external planning, procurement, and project delivery teams. How to line-time estimate.

Contract 217