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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Contingency - When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on. These uncertainties are risks to the project.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The contract may consist of a collection of proposed institutional facilities type projects. The JOC Contract shall use the current calendar year issue of locally researched unit price cost data equivalent to the OpenJOC(TM) Unit Price Book – UPB (subsequently referred to as UPB) with updates as applicable, as a basis for unit cost.

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Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” ” I get this question a lot from my architect friends when helping them budget their projects through the design process. Rory Woolseys Construction Estimating Blog.

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Job Order Contracting Glossary

Building Information Management

It is sometimes use synonymously with the term “Coefficient”, and sometime refers to a cost localization factor that is used in addition to the “Coefficient”. “Project” – The specific requirements and work to be accomplished by the job order contractor in connection with an individual job order. See Coefficient).

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JOB ORDER CONTRACT Glossary / Terms / Defintions – JOC , JOB ORDER CONTRACTING

Building Information Management

A selection process dependent upon multiple parameters of past performance, previous experience, references, and price. to 1.20 multiplier applied to the the total of the line items for a project or task order estimate. It typcially includes all overhead items such as. BEST VALUE. LOCATION FACTOR.

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Rory Woolsey's Construction Estimating Blog: The Estimating.

Rory Woolsey

Quantifying the project is the next step in the estimating process. Converting scope to quantities requires a solid understanding of math, drawing scales, swell and waste factors, plan reading, common construction practices, and conversion factors. Each reference construction cost database handles these components differently.

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3 Ways to Take Construction Asset Tracking to the Next Level 

Autodesk Construction Cloud

And when categories are combined with custom fields, users can track all project hierarchy as it relates to physical bills of material, drawings, models, etc. They can then map those assets appropriately to get a clearer view of the project. checklists, schedules, etc.), checklists, schedules, etc.),