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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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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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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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” Evidence-based ” Life-cycle Federal Facility Management, BIM, and the Status Quo – NIBS, FFC

Building Information Management

Key Topics / Take Aways: Identify and advance technologies, processes, and management practices that improve the performance of federal facilities over their entire life-cycle, from planning to disposal. You can’t manage what you don’t measure. Expected Life-cycle and Deterioration Rates for Physical Assets.

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LEAN Job Order Contracting

Job Order Contracting

If you’d like a full presentation on what LEAN Job Order Contracting can provide to your organization, give is a call. LEAN Facilities Management?. LEAN FM – Overview of Asset Life-cycle Management ?. Value Proposition & LEAN Facility Management. JOC Estimating Methodology & Best Practices?.

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Demand For Efficient Life-Cycle Building Management Processes – BIM, JOC, IPD – FIATECH PRESENTATION – 2012

Building Information Management

For example, estimating a job requires knowledge about about the impact that AE, context, and execution scope have on each unit, assembly, and system level cost. Construction management is a process! A “FACEBOOK for Facilities Construction and Life-cycle Operations” is on the horizon. Click to view slideshow.