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Better Tools For Estimators Drive Significantly Improved Construction Cost Visibility

Job Order Contracting

Better Tools are now availalble for construction estimators to drive significantly improved contruction cost visibility. Approximately 90,000 line items with locally researched labor, material, and equipment costs are essential for superior cost visibility.

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Keep Up With Construction Material Cost Changes

Construction Business Owner

Keep Up With Construction Material Cost Changes Turn data into intelligence and empower your organization with the latest in construction cost Data Insights. Working in uncertainty can lead to budget overruns, delays and decreased profitability, making it challenging to keep up.

Materials 345
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Commercial Construction Project Planning: 3 Warning Signs Your Budget Might Go Bust

HardHatChat

Budget is always a major consideration for our commercial construction clients, and as a general contractor we devote significant time to the budgeting process. Here are a few signs that, in our experience, indicate your project budget is more likely to bust: Skimping on Professional Services. Competitively Bidding the Project.

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The Budget Blueprint: Project Cost Control For Contractors

Contractor Bookkeeping

Did you know that 39% of projects fail due to budget issues? Managing a project budget is not just about numbers; its about ensuring your business is profitable. By understanding the essential steps of project budgeting, you can turn potential pitfalls into opportunities for success. Budgeting is essential for several reasons.

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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. This has lead to the vast major of construction cost estimates (80% or more) being inaccurate. FAR 36.203. FAR 2.101 and 13.000. Owner Leadership.

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Granular Local Market Cost Data is Essential for Construction Cost Visibility & Management

Job Order Contracting

Granular Local Market Cost Data is Essential for Cost Visibility & Management (Repair, Renovation, Maintenance, & New Builds) Using current, verifiable, and detailed local cost dat a instead of national averages with adjustment factors ensures: Cost transparency All labor, material, and equipment costs are broken down and verifiable.

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Area Cost Factors – Not a viable for Federal Construction Cost Estimating?

Job Order Contracting

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.