Remove Documentation Remove Estimating Remove Life Cycle Remove Risk
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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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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

Clearly defined and documented roles, responsibilities, workflows. Shared, performance-based risk/reward. Cost estimating. Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. Strategic planning.

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Open Construction Cost Estimating

Job Order Contracting

Open Construction Cost Estimating for 2018 and Beyond! Create you own line items from a core line item database, build estimates, manage projects, store and view virtually all forms of documents. Mitigate variance and risk! The post Open Construction Cost Estimating appeared first on 4BT. It’s that simple.

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Construction is NOT complex…. People are. Successful Construction Project Delivery Requirements

Job Order Contracting

What documentation, forms are required? Who assesses the impact of the proposed changes? Who reviews the proposed change and its impact for initial approval ? How is the change implemented? What information is used in the process? The post Construction is NOT complex… People are.

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BIM, Value Management, Life-cycle Cost Management

Building Information Management

BIM is the life-cycle management of the built environment supported by digital technology. BIM is the life-cycle management of the built environment supported by digital technology. The recent increase in demand for sustainable or green buildings is further making the consideration of life cycle cost an issue.