Remove Contract Remove Documentation Remove Estimating Remove Plans
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

Beware of Using Assemblies for Job Order Contracting

Job Order Contracting

Some suppliers of Job Order Contracting software and cost data use “Assemblies” within what is supposed to be a unit price book (UPB). Documentation: Clearly document each line item, including descriptions, quantities, unit costs, and any assumptions or considerations that went into the estimation using detailed notes.

Contract 195
professionals

Sign Up for our Newsletter

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

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

Job Order Contracting Best Management Practices

Job Order Contracting

Job Order Contracting best management practices should be applied throughout the life cycle of every program, contract, project, estimate, and work order. During planning, procurement, and facilities professionals should work together to develop a clear. statement of work (SOW). Locally Researched Construction Cost Data.

Contract 200
article thumbnail

Innovative Solution Integrates Planning, Procurement, and Project Delivery to Improve Construction Productivity

Job Order Contracting

The innovative 4BT OpenBuild/OpenJOC(TM) Framework integrates planning, procurement, and project delivery to improve construction productivity. The post Innovative Solution Integrates Planning, Procurement, and Project Delivery to Improve Construction Productivity appeared first on 4BT. All projects follow a core programmatic process.

article thumbnail

Collaborative Construction Cost Estimating 2021

Job Order Contracting

Collaborative construction cost estimating provides guidance to organizations seeking improved cost visibility and transparency for repair, renovation, maintains and new build projects as well as overall facilities and physical infrastructure management. In other words, robust, LEAN process takes precedence for all associated projects.

article thumbnail

Selecting a Job Order Contracting Solution

Job Order Contracting

Best-in-class training and support – 4BT has the ability to market to, train, and support JOC contractors at all levels of Job Order Contracting capability ranging from those with limited line item and/or JOC estimating experience with unit price books, to builders with national JOC expertise.

Contract 215