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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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Facilities Lifecycle Management

Job Order Contracting

Facilities Lifecycle Management requires increased competency on the part of facilities owners and facilities management. See asset life-cycle model… A total cost of ownership perspective is also required as opposed to the more prevalent practice of first-cost dominance. contact-form].

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Construction Cost Estimator – Line Item

Job Order Contracting

Construction Cost Estimator – Line Item. A superior line item construction cost estimator generally has an intricate knowledge of field construction techniques, uses a common data environment, and is skilled at both collaboration and LEAN construction and/or facilities management. Total Cost Visibility/Awareness.

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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. 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.

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What Does It Take to Practice LEAN Facilities Management

Job Order Contracting

LEAN Facilities management is a process that optimizes physical asset life-cycle reinvestment by focusing upon best value outcomes among all participants and stakeholders. All the tools and services are readily available to support associated required change management, LEAN process implementation, and continuous improvement.

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BIM, Big Data, and Efficient Life-cycle Management of the Built Environment

Building Information Management

Efficient life-cycle management of the built environment comes down to analyzing large data sets— big data—from several knowledge domains. Evidence-based Management. Big Data for BIM / Efficient Facility Life-cycle Management. Collaboration. Granularity.