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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

This value usually does not include the preplanning, site or right of way acquisition, or design costs, and may not include start-up and commissioning costs. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

administration of the Job Order Contract (JOC), a Contract designed to provide the ORGANIZATION NAME with a flexible and responsive contractual capability in support of their renovation, repair, and minor new construction services needs. coefficient (reference table of allowable overhead). DEFINITIONS. authorization.

Contract 100
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6 Tips for Getting Paid Now – Not Later

PSMJ Resources

Refer to article 9 of AIA Document B101-2007 for guidance. Don't design for free. Limit the amount of concept designs you will prepare under basic services. Stop designing "till you drop." On selection of the preferred design, develop it and move on to the next phase. Understand what your overhead factors are.

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Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” ” I get this question a lot from my architect friends when helping them budget their projects through the design process. This is not unusual at the early to mid-phase of design.

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16 Things Every Contractor Should Know When Bidding a Job Order Contract

Job Order Contracting

For example, are drawings given to the general contractor 50% of the time? Information should include a description of current conditions including access, materials, dimensions, and a drawing/PDF, as well as a description and drawing/PDF of requirements. The Owner simply references their existing Technical Specifications.

Bidding 100
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Data Scientists Reveal 5 Surprising Construction Insights to Manage Risk 

Autodesk Construction Cloud

To understand how data insights can inform success outcomes for the construction industry, Scott refers to a framework of Data – Information – Knowledge – Wisdom. An example of a data point might be the number of overhead mechanical racks installed on the job that day, or logging the root cause of a safety incident.

Risk 52
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(Still) Waiting for the Home Building Technology Revolution

Pro Builder

They liked the builder and felt the product was well designed and easy to build. Unless you’re a builder that never owns land and gets regular construction draws through the building process, these inflated schedules simply kill your return on invested capital, rendering spec homes unprofitable. They were paid fairly and on time.