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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.

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Digital Twin – Aligning the physical and functional status of buildings and other physical objects with a corresponding digital model makes it possible to monitor and optimally manage capital reinvestment throughout their life-cycle.

Job Order Contracting

Aligning the physical and functional status of buildings and other physical objects with a corresponding digital model makes it possible to monitor and optimally manage capital reinvestment throughout their life-cycle. Requisite Components of a Physical Asset Life-cycle Management Solution. appeared first on 4BT.

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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.

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Lean Asset Management

Job Order Contracting

Lean Asset Management significant improve the availability, dependability, usefulness, safety of facilities and other physical assets, while also lowering life-cycle costs. The application of works flows, that integrate planning, procurement, and project delivery methods. Of course, but rarely practices by real property owners.

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

Job Order Contracting

Common terms, definitions, & data formats — Common data environment (CDE). Cost estimating. Procurement/bidding. Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. Strategic planning. Operations.

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BEST VALUE & COMPLIANT Construction Planning, Procurement, And Project Delivery

Job Order Contracting

BEST VALUE & COMPLIANT Construction Planning, Procurement, And Project Delivery can be deployed and managed today using a robust suite LEAN tools and services. Both LEAN and OpenJOC Job Order Contracting go beyond identification of waste and definition of value. the OpenJOC(TM) Solution). the OpenJOC(TM) Solution). Want to talk?

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2021 Facilities Repair Renovation and New Construction Cost Management

Job Order Contracting

The consistent achievement of best value quality, cost, and schedule outcomes requires the strategic and tactical integration of planning, procurement, and project delivery in concert with the core organizational mission. Project Procurement and Delivery Environment Comparison. Sample Workflow. via 4bt.us.