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Construction Cost Estimating Facts

Job Order Contracting

Construction Cost Estimating Facts Construction Cost Estimating Facts #1 There is no such thing as an “accurate cost estimate” Beware of any so called expert, estimating firm, or vendor using the term. #2 2 Construction cost estimating is NOT an art.

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

Job Order Contracting

This enables simplified data management and the ability to update estimates with various other databases as needed. #4 Our platform can manage multiple Programs, Contracts, Proposals, Estimates, Work Orders, Documents, Forms, Contractors/Subconstractors, Teams, Buildings, Graphics, Issues/Tasks, and even leverage BIM information.

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A Relationship-based Approach to Sustainable Facilities Management

Job Order Contracting

A Relationship-based Approach to Sustainable Facilities Management is needed to meet current and emerging economic and environmental requirements. Automated Estimate Comparison. Budget and Estimate versus Actual and Committed Budget Tracking. Proposals/Quotes/Estimates. Activity Dashboard. Asset/Component Management.

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National Average Cost Data inaccurately estimates project costs

Job Order Contracting

National Average Cost Data inaccurately estimates project costs and the use of location factoring or economic factoring are insufficient to rectify the issue. Facilities sustainment and repair as well as new construction costs have not been well represents of managed for decades across the Federal, State, and Local Government levels.

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Preparing Independent Government Estimates – IGEs , IGCEs

Job Order Contracting

Preparing Independent Government Estimates – IGEs is fundamental to achieving best value outcomes. Most Independent Government Cost Estimates are Not Well Documented. This has lead to the vast major of construction cost estimates (80% or more) being inaccurate. ” Preparing an Owner’s Estimate.

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Cost effective FSRM Facilities Facilities Sustainment, Restoration, and Modernization

Job Order Contracting

Cost effective facilities FSRM, Facilities Sustainment, Restoration, and Modernization can now be accomplished with the integration of robust process and planning, procurement, and project delivery teams within a common data environment (CDE) inclusive of current, local market, granular line item construction task data. Sustainment.