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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).

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

Each project will encompass detailed line item construction task and reference specifications encompassing improvements, alterations, renovation, remodeling, major repairs, and minor new construction associated with ORGANIZATION NAME structures and properties. coefficient (reference table of allowable overhead). authorization.

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JOB ORDER CONTRACT Glossary / Terms / Defintions – JOC , JOB ORDER CONTRACTING

Building Information Management

A selection process dependent upon multiple parameters of past performance, previous experience, references, and price. to 1.20 multiplier applied to the the total of the line items for a project or task order estimate. It typcially includes all overhead items such as. BEST VALUE. LOCATION FACTOR.

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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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Developing a Job Order Contracting Program

Building Information Management

Construction tasks not included in the unit price book may be negotiated. To bid on a JOC, contractors will do the following: Estimate what types of construction work will be required at the site during the year. Using the UPB unit prices, estimate the facility owner’s cost of construction. Average contract duration.

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Development of the Job Order Contracting (JOC) Process for the 21st Century

Building Information Management

Construction tasks not included in the unit price book may be negotiated. To bid on a JOC, contractors will do the following: Estimate what types of construction work will be required at the site during the year. Using the UPB unit prices, estimate the facility owner’s cost of construction. Average contract duration.

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Job Order Contracting – 2015

Building Information Management

If a task is not in the UPB, it can be negotiated, priced and added at any time to the book. The latter is typically referred to as a non-prepriced (NPP) line item. Low overhead cost of construction procurement and delivery. References: A Path Toward Construction Productivity – Academia.edu, July 2015. Advantages.