article thumbnail

Job Order Contracting Life-cycle Facilities Value Management

Job Order Contracting

Job Order Contracting Life-cycle Facilities Value Management and improving AECOO outcomes for all participants and stakeholders. Job Order Contracting Life-cycle Facilities Value Management enables the efficient use of available funds targeted for executing renovation, repair, maintenance, and minor new construction projects.

article thumbnail

12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

. #1 Define estimate’s purpose ■ Who will use the estimate and how. Required level of detail, and overall scope. #2 Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Credible Construction Estimate Core Elements

Job Order Contracting

For example, 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. T The following figure, for example, was produced in 1972.

article thumbnail

RS Mean’s 2015 Facility Manager’s Package offers new life cycle cost models for facilities

Construction Cost Estimating

RSMeans obtained by the Gordian Group, the most recognized supplier of construction cost estimating information in North America, just declared the availability of its totally new life cycle cost models for facilities which belong to its 2015 Facility Manager’s Package.

article thumbnail

BIM, Value Management, Life-cycle Cost Management

Building Information Management

BIM is the life-cycle management of the built environment supported by digital technology. Unfortunately, too much emphasis has been placed upon 3-D visualization and other technology components vs. the process of life-cycle management. Consequently, the need for value management emerges. INTRODUCTION.

article thumbnail

Building in Cloud – Collaborative Construction and FM Planning, Procurement, and Project Delivery

Job Order Contracting

BIM Model Integration, also in a federated form, allows you to keep information connected to models, driving significant time savings and the reduction of the risk associated with the inability to access current actionable information. This makes it easy to manage assets and components throughout their full life-cycle.

article thumbnail

Integrated Project Delivery Software and Support Services

Job Order Contracting

Early and ongoing involvement of internal and external teams, inclusive of joint scope and schedule development Reliance upon local, on-site service delivery partners (AEs, builders…). View and analyse data from BIM models (RVT and IFC formats) directly from your browser without the need to purchase expensive software.

Software 150