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

Job Order Contracting

Accuracy Estimates reflect real, current market conditions , not outdated or averaged data.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 Recent events (e.g.,

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Reliable Construction Cost Estimating

Job Order Contracting

Reliable construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build project. Reliable Construction Cost Estimating. While there may be several types of estimates in terms of granularity, this discussion is limited to detailed line item estimates. Learnings.

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A Relationship-based Approach to Sustainable Facilities Management

Job Order Contracting

Automated Estimate Comparison. BIM Model Integration, Information Viewing/Access. Budget and Estimate versus Actual and Committed Budget Tracking. Change Order Management. Document Management – Full check-in/check-out and changes management. Proposals/Quotes/Estimates. Activity Dashboard.

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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.