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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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RS Mean’s 2015 Facility Manager’s Package offers new life cycle cost models for facilities

Construction Cost Estimating

RSMeans obtained by the Gordian Group, the most recognized supplier of construction cost estimating information in North America, just declared the availability of its totally new life cycle cost models for facilities which belong to its 2015 Facility Manager’s Package.

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Integrated Project Delivery Software and Support Services

Job Order Contracting

Early and ongoing involvement of internal and external teams, inclusive of joint scope and schedule development Reliance upon local, on-site service delivery partners (AEs, builders…). View and analyse data from BIM models (RVT and IFC formats) directly from your browser without the need to purchase expensive software.

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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. BIM is the life-cycle management of the built environment supported by digital technology. The recent increase in demand for sustainable or green buildings is further making the consideration of life cycle cost an issue.

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Process centric data models are needed for BIM and ….

Building Information Management

BIM, the life-cycle management of the built environment supported by digital technology is all about the integration of PEOPLE and PROCESSES and INFORMATION. Visualization/QTO – 2d/3d visualization, pattern search, Procurement/Project Management – IPD, JOC, Cost Estimating, Scheduling.

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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.