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Enhance Construction Cost Estimating – 5 Steps

Job Order Contracting

Archaic cost estimation methods such as the use of historical data, lump sum subcontractor quotes, and/or national average cost data and location factors, area cost factors, and/or economic factors. What’s needed to improve construction cost estimating? Reduce the number of surprises, disruptions, and change orders.

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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. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

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LEAN construction cost estimating

Job Order Contracting

LEAN Construction Cost Estimating Drives Optimal Performance. Currently available robust LEAN construction estimating, procurement, and delivery processes, services, and tools, make it possible to consistently deliver quality projects on-demand, on-budget, and on-time.

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Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Using these granular elements and sharing the associated descriptions, l abor, material, and equipement details in a standardized format (CSI MasterFormat) with all project participants within a robust collaborative process is the path to significant cost savings and the mitigation of change orders, disputes, and waste.

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Community-based Construction Cost Estimating

Job Order Contracting

Community-based Construction Cost Estimating … The OpenCost TM Approach. Traditional cost data commonly available on the market is based upon national averages. The OpenCost Methodology TM is a collaborative and ongoing cost estimation process. The estimator (owner/contractor/A&E, etc.)

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Value Generation in Public Sector Facilities Management

Job Order Contracting

Also, it is incumbent upon owners and building users to provide enough information to enable the builder to create a detailed line-item cost estimate and associated timeline. Step 2: Follow a Robust Workflow for ALL Projects.

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Innovative Construction Capital Delivery for Public Sector Owners

Job Order Contracting

This can only be accomplished on an organization-wide basis by integrating People, Process, Information, and Technology using a common data environment (locally researched detailed unit line-item cost data, organized by CSI Masterformat), owner leadership and support, and leverage of core LEAN principles. Inappropriate project delivery team.