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Construction Cost Estimating Facts

Job Order Contracting

Construction Cost Estimating Facts Construction Cost Estimating Facts #1 There is no such thing as an “accurate cost estimate” Beware of any so called expert, estimating firm, or vendor using the term. #2 2 Construction cost estimating is NOT an art.

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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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Tired of Late, Over-Budget, and Just Plain LOUSY Facilities Repair & Renovation Outcomes?

Job Order Contracting

If you are Tired of Late, Over-Budget, and Just Plain LOUSY Facilities Repair & Renovation Outcomes, then do these 3 steps! Individual projects WILL NOT consistently achieve bst value outcomes unless they are conducted within an overall programmatic environment! Reshape your teams and raise transparency. appeared first on 4BT.

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Construction Cost Estimating – LEAN

Job Order Contracting

Construction Cost Estimating – LEAN. This paper ” Construction Cost Estimating-LEAN” discusses the positive impacts of collaboration, a common data environment, and locally researched detailed line item construction cost data. Failure to adapt to readily available, proven and robust cost estimating practices.

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Reliable Construction Cost Data – Public Sector Financial Stewardship

Job Order Contracting

Reliable construction cost data is the foundation of any repair, renovation, maintenance, or new build requirement and associated planning, procurement, and project delivery activity. Implementing a reliable, high-quality cost estimate and associated best practices associated with effective program level management should be a priority.

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Currency and Accuracy of Construction Cost Data used for IGEs

Job Order Contracting

An independent Government estimate of construction costs shall be prepared and furnished to the contracting officer at the earliest practicable time for each proposed contract and for each contract modification anticipated to exceed the simplified acquisition threshold. FAR 36.203 Government estimate of construction costs.

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Better Manage Construction Costs Schedules and Quality

Job Order Contracting

Reasons for Poor Repair, Renovation, Maintenance, and New Build Outcomes. 80% of cost overruns are due to poor scope of work definition, and associated inadequate and/or flawed construction cost estimates and otherwise poor planning, procurement, and project delivery management.

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