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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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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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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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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. Most IGEs do not use appropriate data sources and this is particularly true for CONTRUCTION activities (repair, renovation, maintenance, new builds).

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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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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. Continuous improvement. Scope of Work.

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Tired of Late, Over-Budget, and Just Plain LOUSY Facilities Repair & Renovation Outcomes?

Job Order Contracting

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.

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