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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency. RSMeans refers to this as, "Price the quantities."

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16 Things Every Contractor Should Know When Bidding a Job Order Contract

Job Order Contracting

For example, are drawings given to the general contractor 50% of the time? Information should include a description of current conditions including access, materials, dimensions, and a drawing/PDF, as well as a description and drawing/PDF of requirements. The Owner simply references their existing Technical Specifications.

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(Still) Waiting for the Home Building Technology Revolution

Pro Builder

But despite access to an online scheduling portal from a big-name software company, most of the actual scheduling and updates were done by the field superintendent by phone. A couple of years ago, a client asked me to create a list of the best software systems for handling everything from back-office tasks to scheduling.

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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”. The document may be referenced in the job order contract and may/or may not be directly provided by the creator of the unit price book and/or job order contract software.

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Data Scientists Reveal 5 Surprising Construction Insights to Manage Risk 

Autodesk Construction Cloud

To understand how data insights can inform success outcomes for the construction industry, Scott refers to a framework of Data – Information – Knowledge – Wisdom. An example of a data point might be the number of overhead mechanical racks installed on the job that day, or logging the root cause of a safety incident.

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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. contingencies.

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Construction Cost Estimating Blog: Construction specifications - vital.

Construction Cost Estimating

01090 References. The Contractor’s Responsibility is to comprise these items in Overhead. REFERENCES. Submit Cofferdam Design Drawings with engineer’s seal. Estimating and Costing in Civil Engineering Software. Some exclusive software for construction cost esti. Administrative. 01010 Summary.