Remove Estimating Remove Negotiation Remove Organization Remove Overhead
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Myths Behind Construction Estimating

Construction Cost Estimating

Estimating is a vital process in a construction business as it can increase the profit margin of an owner to a great extent. So the estimating system in an organization should be authentic, uncomplicated, well-organized and speedy in order that owner can concentrate his focus on constructing his business.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

administration of the Job Order Contract (JOC), a Contract designed to provide the ORGANIZATION NAME with a flexible and responsive contractual capability in support of their renovation, repair, and minor new construction services needs. The 4BT-CE(TM) JOC cloud estimating and project management system, or equivalent, shall also be used.

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What are Independent Government Estimates – IGEs?

Building Information Management

IG5336.9201-ch1 Independent Government Estimates. An Independent Government Estimate (IGE) is an unbiased cost estimate based upon the specifications and without the influence of potential contractor’s marketing effort or input. Once the IGE is developed, CE and the CO ensure that the cost estimate is fully funded.

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Lean Construction – Overcoming decades of mistrust, lack of communication, and opposition between facilities owners, designers, engineers, and builders.

Job Order Contracting

No contractor and limited A/E assistance with detailed estimating, plan checking, and constructability reviews during design phase. Bid shopping can occur and actual overhead and profit amounts are unknown. Agency CM can provide industry experience and estimating, scheduling, and project management expertise for the owner’s benefit.

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8 Main Types of Construction Contracts

Autodesk Construction Cloud

They also include overhead costs such as insurance, mileage, a portion of your office rent. These types of contracts are especially useful when you don’t have enough information to provide a thorough estimate of work or the scope is not well-defined. That’s the cost part of the name. That’s the “plus.” . They also prioritize quality.

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Job Order Contract / Job Order Contracting – JOC: Do’s – Don’ts

Job Order Contracting

Allow adequate time for the JOC process to become a key part of the organization, it’s a culture change. Build your knowledge of line item estimating with the JOC Unit Price Book. Use the same specifications for your projects as your organization would otherwise, a JOC-specific set of specifications in NOT required.

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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. This total or subtotal is usually identified as such in an estimate report. Also known as Total Estimated Contract Cost (TECC).