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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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Estimate Your Way in STACK

Construction Business Owner

Estimate Your Way in STACK. With 4 different ways to estimate, you’ll love using STACK’s cloud-based software. Estimating is the backbone of a construction project, and it’s essential to get it right to win bids. We want you to succeed, and however your estimates need to be executed we are here with choices! .

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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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Preparing Independent Government Estimates – IGEs , IGCEs

Job Order Contracting

Preparing Independent Government Estimates – IGEs is fundamental to achieving best value outcomes. Most Independent Government Cost Estimates are Not Well Documented. The usefulness of an IGE to a contracting officer and other Government interest depends largely upon its supporting documentation. FAR 36.203.

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JOC Program Line-item Estimating

Job Order Contracting

NEVER accept a lump sum estimate for a workorder/project without a full detailed line-item estimate and review of line-times and quantities. Fully audit cost estimate and actual cost information. RSMeans Cost Data, This document is for construction cost reference information. Verify all aspects of the direct work (e.g.,

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Best Construction Cost Estimating Solution

Job Order Contracting

Here is a recommended list of considerations if you are seeking the best construction cost estimating solution for your organization. Collaborative environment – Even if there is only one estimator, it is critical to share current, actionable information with multiple internal and external parties. and Detailed BIM Information.

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MasterFormat Construction Cost Estimating

Job Order Contracting

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. National average cost data, with or with the uses of factors for localization, does not accurately reflect site specific variables for labor, material, and equipment. Similarly, how are material and equipment costs researched?