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Enhance Construction Cost Estimating – 5 Steps

Job Order Contracting

While we are all aware of the high levels of financial and environmental waste associated with the construction and sustainment of the built environment, very little has been done to address the issue at the root cause level. . What’s needed to improve construction cost estimating?

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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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Credible Construction Estimate Core Elements

Job Order Contracting

A credible construction cost estimate is required prior to engaging in procurement. The follow elements are common to a credible construction cost estimate. applied to a outdated cost estimate will introduce significant error. Primary data sources should be used whenever possible. ENR economic index, etc.)

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Change Orders in Construction – 101 Guide

Lets Build

Change orders are common to construction projects. Free guide: How to reduce construction delays by more than 20%. Whatever is the case, it is important to know how you can more effectively handle a change order as it can change your project both time and money. What is a change order in construction?

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What Is a Change Order?

Autodesk Construction Cloud

What Is a Construction Change Order? According to some estimates, an average of 35% of projects experience at least one major change throughout the life of the project. As a contractor, change orders can leave you feeling like you’re trapped between a rock and a hard place. Key Takeaways.

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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. The best source of information for “construction” IGEs is a locally researched detailed unit price book. FAR 36.203. FAR 2.101 and 13.000.

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LEAN construction cost estimating

Job Order Contracting

LEAN Construction Cost Estimating Drives Optimal Performance. Eighty percent (80%) of all construction projects are late, over-budget, or incorrectly completed. Like most things these days, LEAN construction is a simple concept that has been complicated by hype, ignorance, and/or the well-intentioned but potentially misguided.