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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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Building Life-cycle Costs and Physical Asset Total Cost of Ownership Management (TCO)

Job Order Contracting

Creating and monitoring building life-cycle costs is a key component of physical asset total cost of ownership management. Initial design, procurement, and construction costs of a facility account for only 10%-20% of total capital expenditures throughout its useful life. Life-Cycle Cost Calculation.

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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.

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

Job Order Contracting

An understanding of LEAN fundamentals and their application to O&M and overall Facilities Management is of great benefit to all participants and stakeholders. Promoting awareness and education with respect to LEAN O&M best management practices would drive significantly improved outcomes. Cost estimating. Construction.

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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. Owners should continuously seek design/builder and building user input to improve the efficiency and effectiveness of the ordering process.

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Federal Public Sector Lacks efficient Facilities Planning, Design, Procurement, and Project Delivery capability

Job Order Contracting

Early planning, design, and procurement stages influence cost, timing, quality, and overall repair, renovation, maintenance and new builds, and are critical to achieving optimal outcomes. The latter are fundamental to verifying contractor quotes and creating internal government estimates (IGEs).

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Public Sector Facilities Stewardship and Data-driven Decision Making

Job Order Contracting

The fundamental reason the assumptions most public sector professionals have are incorrect when it comes to life-cycle management of the built environment. Planning, procurement, and project delivery can be accomplished by disparate teams that lack integration through their respective life cycles.