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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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LEAN Job Order Contracting

Job Order Contracting

OpentJOC(TM) LEAN Job Order Contracting for Efficient Facilities Repair, Renovation, and Minor New Construction. Manage estimates, budgets and forecasts. Accurately estimate and manage LEAN construction programs and associated renovation, repair, and minor new construction projects. BIM Model management.

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Facilities Lifecycle Management

Job Order Contracting

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. Proper allowances for local conditions – geographic, weather, productivity of labor, security, …. contact-form]. The post Facilities Lifecycle Management appeared first on 4BT.

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BIM Basics 2014 – Building Information Modeling, Models, and Management

Building Information Management

It is a calculation of all facilities-specific costs (not including furnishings or non-facility specific equipment) divided by estimated lifespan of the building (30 or 50 years), and the total gross area. Facilities specific costs include all construction, preservation, maintenance, and operations costs. Is this an appropriate metric?

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BIM Construction Cost Estimating – Top Ten List

Building Information Management

Construction cost estimating, and facility life-cycle cost estimating are critical components of any facility design, project delivery, repair, renovation, sustainability, or planning function. Here’s a list of BIM Construction Cost Estimating Requirements: 1.

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Construction Cost Estimating Software vs. Spreadsheets – State of the Nation 2012

Building Information Management

While accurate, timely, and transparent cost estimating is critical to the success of any renovation, repair, sustainability, or new construction project, most construction cost estimators (over 55%) continue to rely primarily upon manual methods, hard copy documents, or electronic spreadsheets such as Microsoft Excel.

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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.