Job Order Contracting
OCTOBER 19, 2023
Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■
Job Order Contracting
AUGUST 30, 2018
Clearly defined and documented roles, responsibilities, workflows. Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. Statistically reliable. Focus upon client requirements and best value outcomes.
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Job Order Contracting
AUGUST 20, 2023
GAO, 2009 The associated processes for developing a credible construction cost estimate are equally well documented. “Despite the fact that these basic characteristics have been published and known for decades, we find that many agencies still lack the ability to develop cost estimates that can satisfy them”. –
Building Information Management
MARCH 19, 2013
BIM is the life-cycle management of the built environment supported by digital technology. Unfortunately, too much emphasis has been placed upon 3-D visualization and other technology components vs. the process of life-cycle management. Consequently, the need for value management emerges. INTRODUCTION.
Job Order Contracting
DECEMBER 29, 2017
Clearly defined and documented roles, responsibilities, workflows. Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. Statistically reliable. Focus upon client requirements and best value outcomes.
Building Information Management
DECEMBER 5, 2013
Even today, most construction cost estimators continue to rely exclusively upon spreadsheets, despite well documented issues with the practice. That said, it’s a statistical result, as most estimators also work independently and/or on smaller jobs , and/or do a limited number of estimates , and/or work in relatively specialized areas.
Job Order Contracting
JUNE 26, 2017
Appropriate decision-support tools and services (technology, data, and consulting/education/support) must be included to enable consideration of life-cycle costs and financial resource prioritization. Life-cycle / total cost of ownership management techniques. Statistically reliable. Quantifiable.
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