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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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RELIABLE Construction Cost Estimating

Job Order Contracting

Reliable construction cost estimating is important to real property owners, facilities management professions, architects, and engineers. If a job is estimated correctly all parties should have a detailed understanding of the scope of work, costs, time, labor, and materials required.

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Forget Construction Cost Estimating Accuracy

Job Order Contracting

I always tell owners, builders, architects, and engineers to forget construction cost estimating accuracy. I would also avoid estimators and, or cost data providers that claim to provide accurate construction cost estimates. There is no such thing as an accurate construction cost estimate. This is clearly foolish.

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Collaborative Construction Cost Estimating 2021

Job Order Contracting

Collaborative construction cost estimating provides guidance to organizations seeking improved cost visibility and transparency for repair, renovation, maintains and new build projects as well as overall facilities and physical infrastructure management. In other words, robust, LEAN process takes precedence for all associated projects.

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Collaboration and informed decision-making in the construction industry

Job Order Contracting

Improving construction cost estimating requires collaboration, transparency, and a robust process. To efficiently share cost information, organize data in a standard architecture, such as expanded CSI MasterFormat, and use industry standard terms, definitions, and units of measure. Collaboration involves both giving and receiving help.

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Value-based Construction Planning, Procurement, and Project Delivery

Job Order Contracting

Value-based construction planning, procurement, and project delivery can consistently enable quality projects, on-time and on-budget. PROCESS – LEAN planning, procure, and project delivery is a requirement. A common data environment, CDE, aid in efficient information sharing and updating.

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Line Item Construction Cost Estimating – 2020 and Beyond!

Job Order Contracting

Detailed line item construction cost estimating is a prerequisite to obtaining best value outcomes for facilities / built infrastructure repair, renovation maintenance, sustainability, and new construction projects. A locally researched detailed line item construction cost estimating database plays a key role in this regards.