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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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LEAN Construction Project Delivery and Facilities Operations, Maintenance, and Life-cycle Management

Job Order Contracting

An understanding of LEAN fundamentals and their application to O&M and overall Facilities Management is of great benefit to all participants and stakeholders. Shared, performance-based risk/reward. Promoting awareness and education with respect to LEAN O&M best management practices would drive significantly improved outcomes.

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6 Steps Towards Public Sector Efficient Physical Asset Management – Robust Process, Collaborative Teams Valid Data, & Enabling Technology

Job Order Contracting

Public sector efficient physical asset management requires robust process, collaborative teams. Moving beyond traditional methods that are responsible for rampant economic and environmental waste requires that public sector real property leadership focus upon forward thinking and change management. valid data and enabling technology.

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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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Open Construction Cost Estimating

Job Order Contracting

Open Construction Cost Estimating for 2018 and Beyond! Create you own line items from a core line item database, build estimates, manage projects, store and view virtually all forms of documents. Begin to improve your planning, budgeting, and construction management decisions today. Mitigate variance and risk!