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 243

Estimating Construction CSI Procurement 243

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 263

Estimating Construction Procurement Budget 263

Construction Business Owner

JULY 6, 2023

Maximize Your Construction Estimating Efficiency Tools, tips and insights you can use right now to make use of your valuable time. mhodges Thu, 07/06/2023 - 10:23 Prior to a new construction build or renovation, cost estimates are used to evaluate information and determine project feasibility, funding, logistics and other required resources.

Estimating 294

Estimating Virgin Islands Puerto Rico Samoa 294

The Constructor

JANUARY 20, 2022

As a construction project manager, your primary task is to oversee the scope, budget, and timeline. Making a mistake with your construction budget.

Budget 261

Budget Budgeting Software Software 261

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 246

Estimating Life Cycle Documentation Schedule 246

Construction Marketing

FEBRUARY 7, 2019

Let’s now take a look at 10 budget tips for DIYers. Estimate the Prices. For each item created on your to-do list, it’s important to include an estimated price of the things you intend to buy or tools you may need to rent. Estimate the Time. DIY saves you a lot. Create a List. Calculate Your Total Project Spend.

Budget 221

Budget Budgeting Estimating Feasibility 221

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 246

Estimating Life Cycle CSI Construction 246

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 239

Estimating Construction Procurement Renovating 239

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 245

Estimating Construction Documentation Risk 245

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 200

Estimating Construction CSI Procurement 200

Job Order Contracting

MARCH 30, 2021

If you are Tired of Late, Over-Budget, and Just Plain LOUSY Facilities Repair & Renovation Outcomes, then do these 3 steps! Additionally, few, if any owners, required the use of a standardized, locally researched unit price book for cost estimating and improving scope of work definition. Reshape your teams and raise transparency.

Budget 249

Budget Budgeting Renovating Procurement 249

Construction Business Owner

MAY 1, 2024

Working in uncertainty can lead to budget overruns, delays and decreased profitability, making it challenging to keep up. This allows you to strategically evaluate and adjust your estimates and budgets based on how prices have fluctuated in past, similar market conditions.

Materials 345

Materials Construction Budgeting Budget 345

Construction Business Owner

JANUARY 22, 2020

Making Budget Overruns a Thing of the Past by Predicting Future Costs. Getting the right data can to increase accuracy in estimates. Architects, estimators and engineers face a unique challenge: planning future projects with today’s construction costs. Greg Ragsdale. Wed, 01/22/2020 - 16:48. Business Management. Main Image.

Budget 243

Budget Budgeting Virgin Islands Puerto Rico 243

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

Job Order Contracting

MARCH 7, 2025

Accuracy Estimates reflect real, current market conditions , not outdated or averaged data. Better contractor alignment Estimates match how local subcontractors and suppliers bid , reducing disputes. Example: A national database might estimate drywall installation at $1.80 per SF , adjusted by a 1.15

Management 147

Management Estimating Change Orders Construction 147

Contractor Bookkeeping

MARCH 21, 2025

Flexibility can be crucial during talks; you may need to adjust your terms or pricing to meet client budgets without compromising quality. You must communicate effectively with clients and address any questions or concerns.

Estimating 92

Estimating Bidding Negotiation Budgeting 92

HardHatChat

FEBRUARY 11, 2025

The Value of Early Collaboration Between Architects and General Contractors Early collaboration between architects and GCs allows for a comprehensive understanding of the projects vision, budget, and logistical constraints. Englewood Construction bridges the gap by evaluating design feasibility and aligning it with budget realities.

Commercial 177

Commercial Risk Contractors Feasibility 177

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 165

Estimating Construction Procurement Life Cycle 165

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 Budget 358

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 Budget Budgeting Construction 264

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 264

Sustainability Management Estimating Budgeting 264

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.

Budget 127

Budget Budgeting Estimating Construction 127

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

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 Budget 410

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

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 138

Estimating Construction Renovating Procurement 138

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 240

Estimating Defense Procurement Budget 240

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 242

Management Budgeting Budget Contract 242

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 Budget Budgeting Management 148

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

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 261

Innovation Procurement Budgeting Budget 261

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

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 263

Procurement Innovation Products Plans 263

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

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 273

Innovation Construction Safety Budget 273

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 263

Contract Procurement Renovating Budgeting 263