Job Order Contracting

MARCH 21, 2022

Should Areas Cost Factors be used for Construction Cost Estimating? As a result, more than 40 years after the introduction of area cost factors (ACFs), the federal government is no closer to its goals of having construction cost estimates match actual construction costs, or properly adjusting for regional (location based) variances.

Estimating 222

Estimating Construction Procurement Budgeting 222

Wolgast Corporation

DECEMBER 12, 2022

Here is one secret of the trade to save significant time during pre-construction, by giving your contractor a ballpark budget before design and/or estimating starts, an owner can take a shortcut in the preliminary phase and get to construction sooner. We can come to the owner with ideas without delays.

Budgeting 127

Budgeting Budget Estimating Construction 127

Job Order Contracting

OCTOBER 19, 2023

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

Estimating 227

Estimating Life Cycle Documentation Schedule 227

Job Order Contracting

OCTOBER 26, 2024

Better Tools are now availalble for construction estimators to drive significantly improved contruction cost visibility. contact-form] The post Better Tools For Estimators Drive Significantly Improved Construction Cost Visibility appeared first on 4BT.

Estimating 177

Estimating Construction Resource Regulation 177

Construction Business Owner

APRIL 6, 2022

Budgets have gone through the roof. And the shelf life for bids and estimates has dropped from weeks to days. The construction industry has never seen anything like the past two years — and it’s showed in the cost of construction work. Projects have been halted by material scarcities.

Construction 358

Construction Bidding Materials Budgeting 358

Job Order Contracting

MAY 28, 2024

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.

Estimating 191

Estimating Construction CSI Procurement 191

The Constructor

DECEMBER 1, 2020

Effective management of the construction workforce helps finish projects on time and within the stipulated budget. It is estimated that nearly.

Management 264

Management Budgeting Budget Construction 264

HardHatChat

SEPTEMBER 26, 2018

In the case of an existing property, this exercise could include anything from identifying infrastructure that can be reused for cost savings, to spotting potential structural concerns or issues that might involve costly remediation – both of which could have big impact on a construction budget and schedule.

Commercial 410

Commercial Contractors Construction Budgeting 410

Job Order Contracting

AUGUST 20, 2023

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.

Estimating 223

Estimating Life Cycle CSI Construction 223

Lets Build

JUNE 2, 2023

The success of any construction project hinges on multiple factors, including budgeting and scheduling, which impact the project’s completion. In fact, most contractors usually add a 10% margin error into their budgets and timelines as a contingency.

Project Management 148

Project Management Budgeting Budget Management 148

Job Order Contracting

MAY 4, 2023

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

Estimating 202

Estimating Construction Risk Documentation 202

Job Order Contracting

MARCH 17, 2021

Reliable construction cost estimating is important to real property owners, facilities management professions, architects, and engineers. If a job is estimated correctly all parties should have a detailed understanding of the scope of work, costs, time, labor, and materials required.

Estimating 153

Estimating Construction CSI Procurement 153

Job Order Contracting

DECEMBER 13, 2022

Existing tools and support services to mitigate waste/rework and enable consistent quality outcomes on time and on budget are readily available. Automated Estimate Comparison. Budget and Estimate versus Actual and Committed Budget Tracking. Proposals/Quotes/Estimates. Initial and ongoing training.

Sustainability 234

Sustainability Management Estimating Budgeting 234

Job Order Contracting

APRIL 3, 2021

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Uniformat level and/or assembly level, or building level cost data is useful for budgeting purposes only, and should not be used for bidding, procurement, and execution actual projects with builders, construction managers, etc.

Estimating 170

Estimating Construction Procurement Renovating 170

Cassell Construction Estimating

OCTOBER 5, 2023

Intorducing The New Sage Estimating To Vista Exporting Tool Quickly convert your sage estimates into a viewpoint vista project management budget Works with the sage estimating versions 9.8

Sage 130

Sage Estimating Subcontracting Viewpoint 130

Viewpoint Construction Technology

JULY 19, 2017

Estimates get thrown off, rush fees ensue, and general disdain for the job can surface. As a contractor, misquoting a job estimate can be massively detrimental; some jobs are shut down for weeks, months, or even dropped altogether. Accurate estimating ensures there is always enough money for materials, wages, and more.

Viewpoint 239

Viewpoint Construction Schedule Estimating 239

Job Order Contracting

APRIL 15, 2021

I always tell owners, builders, architects, and engineers to forget construction cost estimating accuracy. I would also avoid estimators and, or cost data providers that claim to provide accurate construction cost estimates. There is no such thing as an accurate construction cost estimate. This is clearly foolish.

Estimating 149

Estimating Construction Procurement Life Cycle 149

Job Order Contracting

APRIL 1, 2019

LEAN Construction Cost Estimating Drives Optimal Performance. Eighty percent (80%) of all construction projects are late, over-budget, or incorrectly completed. Based upon the size of the project, there is great value for an owner to develop an internal detailed line item estimate to compare against a builder’s estimate.

Estimating 130

Estimating Construction Procurement Change Orders 130

HardHatChat

DECEMBER 19, 2018

These were jobs that simply didn’t move forward after the bidding process because, even with multiple GCs submitting their best pricing, construction costs were higher than what was estimated on the client’s pro forma – an analysis that projects a project’s financial return. An overall rise in construction material costs.

Commercial 328

Commercial Retail Industrial Construction 328

HardHatChat

NOVEMBER 27, 2024

From financial overruns to project delays, unexpected risks can impact budgets, timelines, and overall project success. When GCs participate in the planning and design phases, they can identify constructability issues, optimize designs, and establish realistic budgets and timelines.

Risk 156

Risk Commercial Budgeting Budget 156

Construction Marketing

MAY 17, 2023

Modern customers look for construction partners who can complete jobs on schedule, on budget, and to the highest quality standards. Budgeting Budgeting and cost control are essential components for the success of any construction business.

Innovation 247

Innovation Construction Safety Budgeting 247

Job Order Contracting

DECEMBER 8, 2021

Innovative construction capital delivery for public sector owners can consistently enable quality, on-time, on-budget and fully compliant repair, renovation, maintenance, sustainability, and new build outcomes. 85% of all construction projects are over-budget, late, and/or poorly completed. Continuous improvement.

Innovation 208

Innovation Procurement Budgeting Budget 208

Job Order Contracting

JULY 7, 2024

Financial Management Issues Budget Overruns : There have been instances where projects managed by GSA PBS exceeded their budget estimates, leading to increased costs and financial inefficiencies. Inappropriate use of flawed pricing also impacted project cost estimates.

Management 187

Management Budgeting Budget Contract 187

Construction Marketing

FEBRUARY 17, 2022

Finding your dream home with all the unique features within your budget and in the perfect location can be challenging. Before approving your loan, the lender must review your projected budget estimates, detailed construction plans, and construction timelines to decide on your loan amount. How construction loans work.

Construction 260

Construction Budgeting Budget Drawings 260

Job Order Contracting

APRIL 25, 2022

This process virtually assures the consistent delivery of quality repair, renovation, maintenance, and new construction projects on time and on budget. Furthermore, locally researched unit price books are available for preventive maintenance also, complete with labor and material costs and a complete check list for each task!

Contract 245

Contract Change Orders Bidding Budgeting 245

Construction Business Owner

NOVEMBER 9, 2023

This recurring problem occurs when the final construction project job cost finishes higher than the bid estimate or budget. Estimators generally price projects using bids from their regular subcontractor and suppliers, plus their standard company production crew rates for labor and equipment.

Profitability 156

Profitability Bidding Estimating Budgeting 156

Cassell Construction Estimating

OCTOBER 5, 2023

Focus: Estimating & budgeting for Department of Defense projects, facilities, manufacturing, and public utilities. contractors, government agencies, owners Quick evaluation: Easy to use right out of the box for estimating & budgeting. Optimum company (type): > 50 million dollar D.O.D. More popular with D.O.D.,

Estimating 100

Estimating US Defense Budgeting 100

Autodesk Construction Cloud

JUNE 7, 2023

Inaccurate estimates might not be the root of all evil, but they sure can derail a project. When projects go over budget, they result in frustration, delays, missed timelines, terminated relationships, and loss of reputation for companies. Far and away one of the most common reasons, however, is inaccurate budget estimates.

Estimating 98

Estimating Construction Budgeting Budget 98

Job Order Contracting

OCTOBER 23, 2021

Leverage robust lean processes, locally researched detailed line item construction cost data, support services, and enabling technology to consistently delivery quality repair, renovation, sustainability, and new build projects on-time and on-budget at the lowest possible cost and with full financial visibility and transparency.

Procurement 221

Procurement Innovation Products Plans 221

Construction Business Owner

APRIL 25, 2022

Too many contractors finish their projects over budget on labor when crews work more hours than estimated in the bid. If your construction company self-performs work with your own crews, the key to success is making sure you bring in those labor costs on budget. T he biggest variable in construction is labor.

Products 156

Products Budgeting Budget Bidding 156

Job Order Contracting

NOVEMBER 28, 2023

STOP using ACFs – The inherent flaws of Area Cost Factors There are multiple false assumptions associated with Military Construction Budgeting and Area Cost Factors. The use of area cost factors (ACFs) for capital planning and budgeting repair, renovation (sustainment) and new construction factors remains a flawed approach.

Estimating 179

Estimating Defense Procurement Budgeting 179

Job Order Contracting

JANUARY 22, 2021

Studies have noted that ninety percent of associated projects can be deployed on-time, on-budget, and to the satisfaction of all participants and stakeholders. This is a clear improvement over the decades long running average level of only 10%-20% of all projects being deployed on-time or on-budget. Sample Workflow. via 4bt.us.

Renovating 255

Renovating Management Procurement Life Cycle 255

Job Order Contracting

MARCH 12, 2022

JOC Cost Estimating. • 91% – Percent of JOC Projects Completed on Budget . Powerful, yet easy-to-use job order contracting services and tools that simplify the JOC process and support best value repair, renovation, and new construction outcomes. JOC Construction Best Management Practices. • JOC Procurement Processes. •

Contract 217

Contract Procurement Renovating Budgeting 217

Construction Dive

AUGUST 21, 2024

The estimating tool, Align, is analogous to ordering a pizza via an app: Users choose from a menu of amenities to budget better.

Budgeting 139

Budgeting Budget Estimating 139

Cassell Construction Estimating

OCTOBER 5, 2023

Timberline Software Support Issues Listed below are 4 common Timberline Estimating issues and their solutions. Issue: Attempting to open a Timberline Estimate, message appears, “File needs to be inspected”, followed by message, “File is corrupt” a. Issue: Estimator uses hours as takeoff unit for Labor items, for crew-based tasks.

Estimating 100

Estimating Software Software Budgeting 100

Job Order Contracting

MARCH 24, 2020

-+. Construction Cost Estimating – LEAN. This paper ” Construction Cost Estimating-LEAN” discusses the positive impacts of collaboration, a common data environment, and locally researched detailed line item construction cost data. Failure to adapt to readily available, proven and robust cost estimating practices.

Estimating 115

Estimating Construction Renovating Procurement 115

Viewpoint Construction Technology

APRIL 23, 2019

This helps contractors complete their construction deliverables on time and within budget. Budget Inaccuracies. As a contractor, misquoting a job estimate can be massively detrimental; some jobs are shut down for weeks, months or even dropped altogether.

Construction 237

Construction Software Software Estimating 237