Remove Estimating Remove Infrastructure Remove Legal Remove Procurement
article thumbnail

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.

article thumbnail

The Infrastructure Investment and Jobs Act: A Pivotal Moment for Water Public-Private Partnerships in the United States

Constructlaw

Introduction America’s water infrastructure has long faced a critical need for funding and modernization. According to the American Society of Civil Engineers, there is a $105 billion funding gap for drinking water and wastewater infrastructure projected over the next two decades. [1] billion to the U.S. billion to the U.S. Indeed, $1.5

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Public Sector Real Property Management – Quality Construction Cost Estimating – Earned Value Management

Building Information Management

The Need for Credible Construction Cost Estimates. GAO and other studies/reports consistently report that errors and lack of due diligence with respect to original construction cost estimates are primary reasons for negative cost and schedule impacts, and overall poor project performance and outcomes.

article thumbnail

Job Order Contracting Done Right! Open, Best Value, Efficient

Job Order Contracting

An open, objective, independent and verifiable JOC Cost Estimating, Project Management, and Document Management System for real property owners, architects, contractors, facilities management, and oversight groups. Monitor and store contract and project costs over time, as well as update cost estimates/projections in seconds.

Contract 100
article thumbnail

LEAN Facilities Management Roadmap

Job Order Contracting

Multiple knowledge domains, technologies, information sources, as well as internal and external stakeholders are integrated to assure that physical infrastructure requirements are planned and executed in an organized, cost-efficient, and timely manner. Procurement. It shows which improvements are planned, as well as end of life.

article thumbnail

Construction Cost Estimating Blog: Corporate Sustainability (CS.

Construction Cost Estimating

Construction Cost Estimating Blog. Companies should build up business models that unite digital and physical infrastructures. Supporting supply and distribution networks for mutual benefit, for example by jointly sourcing products, developing standardized supplier training modules, or aligning local procurement policies.

article thumbnail

5 Ways Public Institutions Save Money with Job Order Contracting – JOC

Building Information Management

With state and local governments facing severe revenue shortfalls, all publicly-funded organizations, facilities and infrastructures have new demands put on them to find ways to get more done with less—less internal resources and less money. All the dollars saved on procurement can be saved or go toward construction efforts.