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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. ■

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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.

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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.

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Integrated Construction Planning, Procurement, and Project Delivery Solution

Job Order Contracting

Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. Research has readily demonstrated significant improvements are possible in the overall project delivery process from a cost, schedule, and quality perspective, as well as improved inter and intraorganizational relationships.

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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.

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Collaboration in Construction Matters

Job Order Contracting

Shared risk/reward. Compare those numbers to the AECOO (architecture, engineering, construction, operations, and owner) average of 70-72% of project over budget and over schedule! Are you interested in improving your life-cycle facilities management outcomes? Required collaboration among all participants. LEAN processes.

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LEAN IDIQ = Public Sector Construction Productivity Gains

Job Order Contracting

A type type of contract that enables the procurement of an indefinite quantity of supplies and/or services whose performance and delivery scheduling is determined by placing Work Orders. What are the time, cost, and risk implications associated with each of the IDIQ procedures? Via Four BT, LLC (www.4bt.us)

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