article thumbnail

Dependable Cost Estimating Software for Construction

Job Order Contracting

Dependable Cost Estimating Software is needed to develop reliable construction cost estimates. Requirements for dependable cost estimating software include. Cost estimate copy and paste. Collaborative online cost estimate review and/or creation. Automatic cost estimate comparison. Ease-of-use.

article thumbnail

Leading Construction Cost Estimating Software – Myths and Facts

Job Order Contracting

Here are a few things to know about Market Leading Construction Cost Estimating Software applications. Convenience and Time Savings Market average prepopulated cost databases save significant time by providing a starting point for estimating. Users can quickly reference costs instead of building detailed estimates from scratch.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

JOC Program Line-item Estimating

Job Order Contracting

cost analysis, tracking, and comparison. Regardless of the level of aggregation associated with a particular unit cost, it is critical to explicitly identify all the items that are included in each unit cost to enable the comparison of unit costs across projects and workorders! Fully audit cost estimate and actual cost information.

article thumbnail

Best Construction Cost Estimating Solution

Job Order Contracting

Here is a recommended list of considerations if you are seeking the best construction cost estimating solution for your organization. Collaborative environment – Even if there is only one estimator, it is critical to share current, actionable information with multiple internal and external parties.

article thumbnail

Forget Construction Cost Estimating Accuracy

Job Order Contracting

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.

article thumbnail

Actionable Construction Cost Data

Job Order Contracting

The use of “national average” cost databases and “location factors” or “cost indexes” does not provide sufficient information to create reliable construction cost estimates. Cost comparisons. 4BT OpenCOST Cost Data is available via the Cloud and comes with the 4BT-CE Cloud Cost Estimating Module.

article thumbnail

Construction Bid Win Percentage

Job Order Contracting

The industry average of 25% largely reflects the inefficiencies in bid preparation, lack of trust in cost estimates, and inconsistencies in pricing. Enhanced Credibility : Using objective, third-party data builds trust with clients, as it demonstrates a commitment to transparency and fairness in cost estimation.

Bidding 147