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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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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.

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

Job Order Contracting

Clearly defined and documented roles, responsibilities, workflows. LEAN Practices Asset Competency Model. Cost estimating. Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. LEAN Considerations.

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Construction Document Information Management

Job Order Contracting

Construction Document Information Management is central to productivity improvement. Construction Document Information Management. Streamlining Construction Document Information Management processes is an essential step towards improving productivity, quality, and overall value for all stakeholders. 2017, Cholakis, P.

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Integrated Project Delivery Software and Support Services

Job Order Contracting

Upload and share documents and make them available to your whole team – including PDF, Word and Excel files, images and videos. Upload and share documents and make them available to your whole team – including PDF, Word and Excel files, images and videos. Defined common data environment. Key performance indicators.

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The Digital Builder's Guide to Preconstruction Collaboration

Construction Business Owner

From overextended budgets to project delays, an ineffective preconstruction phase can cause your construction life cycle to fall like dominoes. Challenges With Traditional Delivery Models. Delivery models. Traditional delivery models just don’t encourage teams to work together from the get-go.