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Valid construction estimates

Job Order Contracting

Valid construction estimates are based on processes and procedures, however, most organizations rely upon dated, ineffective methods. Cost and time estimates are imperative to the success of any construction project, both during construction and throughout the project life. 2 Detailed line item estimating.

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Poor Construction Estimates – Root Cause

Job Order Contracting

Poor Construction Estimates – Root Cause The are two primary root causes of poor construction cost estimates: Lack of early and ongoing communication between all relevant parties. Failure to use granular, current, and well organized construction cost data specific to the local market.

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Cloud-Based Construction Estimating Software: The Easiest Way to Estimate

Viewpoint Construction Technology

There are many reasons to adopt integrated construction software, including flexibility, organization, and project management.

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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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Benefits of Local Market Cost Data to Create Estimates – 4BT

Job Order Contracting

3 EASY TO USE – All line-item cost data is organized using expanded CSI MasterFormat. This enables simplified data management and the ability to update estimates with various other databases as needed. #4

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Construction Cost Management Capabilities 2023

Job Order Contracting

Construction cost management capabilities are critical to the success of any repair, renovation, maintenance, or new build activity. That said 80%+ of all projects are late or overbudget largely due to an inadequately detailed and poorly communicated Scope of Work (SOW) and associated cost estimate. 2 Is the cost estimate objective? #3

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Unit Price Construction Cost Estimating

Job Order Contracting

Unit price construction cost estimating is the foundation of every reliable cost determination prior to procurement. Systems level estimating, historical data, assemblies, or square foot calculations should never be exclusively used to procure a repair, renovation, maintenance, or new build service.