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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Contingency - When estimating the cost for a project, product or other item or investment, there is always uncertainty as to the precise content of all items in the estimate, how work will be performed, what work conditions will be like when the project is executed and so on. These uncertainties are risks to the project.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Multiple Projects at Once. Project Management. Document management. Click Here. Click To Tweet.

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The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

It’s always been a struggle to get ahead of tight margins, cash-flow problems, and managing contracts. You’re dealing with subcontractors, labor shortages, sourcing, and multiple projects on multiple deadlines. Multiple Projects at Once. Project Management. Document management. Estimation tool.

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Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” ” I get this question a lot from my architect friends when helping them budget their projects through the design process. Rory Woolseys Construction Estimating Blog.

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

A Job Order Contract Execution Guide is a required element for any successful, best management practice JOC Program. The contract may consist of a collection of proposed institutional facilities type projects. The 4BT-CE(TM) JOC cloud estimating and project management system, or equivalent, shall also be used.

Contract 100
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Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

WIP figures refer to products that are part-way through the production or assembly process. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement , project management, and the C-suite should all monitor WIP closely. Well, not exactly.

article thumbnail

Real-Time Work-in-Progress Figures — Construction’s Secret Weapon

ProcurementExpress.com

WIP figures refer to products that are part-way through the production or assembly process. In the construction industry, WIPs cover the raw materials, plus labor and overhead, used as part of a project. But, procurement, project management, and the C-suite should all monitor WIP closely. Well, not exactly.