Job Order Contracting

MARCH 9, 2021

Unit Pricing Estimating within the CSI MasterFormat is the most reliable and efficient means of ascertaining construction costs based on materials, labor, and equipment content, and it just got better. This means there his no need for area cost factors (ACFs) or other construction cost indexes (CCIs). Submit a form.

Estimating 264

Estimating CSI Construction Equipment 264

Job Order Contracting

JULY 23, 2024

Unlocking the door to Objective Verifiable Construction Cost Estimates is now possible with current, locally research line item labor, material, and equipment data from Four BT, LLC (4BT). Using “traditional” cost estimating solutions is no longer viable in today’s volatile and competitive landscape.

Estimating 218

Estimating Sage Construction Equipment 218

Job Order Contracting

MAY 24, 2023

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.

Estimating 224

Estimating Construction Defense Change Orders 224

Job Order Contracting

DECEMBER 8, 2024

Challenge and improve construction cost estimating methods by enhancing data and ensuring process standardization. Improving construction cost estimating data and processes are central to significantly enhancing cost visibility and cost management. Robust Construction Cost Estimating Requirements: #1.

Estimating 160

Estimating CSI Construction Equipment 160

Job Order Contracting

NOVEMBER 7, 2022

Valid construction estimates are based on processes and procedures, however, most organizations rely upon dated, ineffective methods. Cost and time estimates are imperative to the success of any construction project, both during construction and throughout the project life. 2 Detailed line item estimating.

Estimating 211

Estimating Life Cycle Procurement Construction 211

Construction Business Owner

AUGUST 27, 2023

Harness the Power of Estimating Data to Grow Your Business ccapoccia Sun, 08/27/2023 - 12:23 Estimating is the foundation of every profitable construction business. Accurate takeoffs are important for getting the correct material and labor quantities for your project.

Estimating 296

Estimating Bidding Profitability Foundation 296

Job Order Contracting

JUNE 27, 2024

It’s time to relearn construction cost estimating. Before relearning construction cost estimating, it’s important to hit your resent button. Also remember that there so NO SUCH THING as an “accurate construction estimate.” Certainly its not the final construction cost.

Estimating 217

Estimating Construction Procurement CSI 217

Job Order Contracting

MAY 8, 2023

Better estimates. current local market labor, material, and equipment costs – updated quarterly. Verifiable. appeared first on 4BT. appeared first on 4BT.

Estimating 250

Estimating CSI Security Organization 250

Job Order Contracting

MARCH 3, 2022

Savvy owners and design builders know how review construction cost estimates. The process is collaborative and involves cost estimators, facilities management, and procurement professionals. The post How to Review Construction Cost Estimates appeared first on 4BT.

Estimating 216

Estimating Construction Procurement Regulation 216

Construction Business Owner

APRIL 6, 2022

2022 Construction Cost Changes. Cost changes you need to know for key construction materials, labor & equipment. Material price hikes. The construction industry has never seen anything like the past two years — and it’s showed in the cost of construction work. construction materials.

Construction 358

Construction Bidding Materials Budgeting 358

Job Order Contracting

OCTOBER 30, 2024

If your projects are overbudget, late, and continue to go “off the rails”, it may be time to transform construction cost estimating practices. If you are ready to transform construction cost estimating, improve your detailed scope of work, and significantly improve construction cost management, contact us today!

Estimating 180

Estimating Construction US Equipment 180

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. applied to a outdated cost estimate will introduce significant error. Primary data sources should be used whenever possible. ENR economic index, etc.)

Estimating 223

Estimating Life Cycle CSI Construction 223

Job Order Contracting

FEBRUARY 17, 2021

Preparing Independent Government Estimates – IGEs is fundamental to achieving best value outcomes. Most Independent Government Cost Estimates are Not Well Documented. The best source of information for “construction” IGEs is a locally researched detailed unit price book. FAR 36.203. FAR 2.101 and 13.000.

Estimating 264

Estimating Contract Documentation Office 264

Job Order Contracting

SEPTEMBER 26, 2024

Advancing construction cost estimating data, tools, communications, and technology is central to achieving sustainable facilities management. Advancing Construction Costs Estimating Tools for Today and Tomorrow Local market research – To be relevant, construction cost data must reflect local market conditions.

Estimating 186

Estimating Construction CSI Resource 186

Job Order Contracting

OCTOBER 1, 2024

Improving Multi-Trade Construction Cost Estimates is critical for any CM or real property owner. Leveraging current, granular, and locally researched labor, material, and equipment cost data enables CMs and real property owners to validate information, thereby improving multi-trade construction cost estimates.

Estimating 177

Estimating Construction Equipment Management 177

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 202

Estimating Construction Risk Documentation 202

The Constructor

JULY 29, 2019

The degree of accuracy used in the estimation of various material quantities used in the construction is crucial. This is to prevent cost estimate.

Estimating 189

Estimating Construction Materials Engineering 189

Job Order Contracting

SEPTEMBER 18, 2023

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. The estimating process begins with a comprehensive understanding of your project’s scope of work. Costs must be current, objective, and locally reserached.

Estimating 207

Estimating Construction CSI Compensation 207

Job Order Contracting

OCTOBER 10, 2024

Engage in data driven cost estimating with objective, verifiable, and current local market labor, material, and equipment price books from 4BT (Four BT, LLC). contact-form] The post Data Driven Cost Estimating appeared first on 4BT.

Estimating 210

Estimating Equipment Materials Construction 210

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 222

Estimating Construction Procurement Budgeting 222

Job Order Contracting

OCTOBER 26, 2024

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.

Estimating 177

Estimating Construction Resource Regulation 177

Job Order Contracting

MARCH 5, 2021

Construction cost estimate validation is a process to determine the relative level of reliability. Any use of the work accuracy with the word construction estimate is simply foolish. Construction cost estimate validation is basically an objective risk analysis and assessment of information reliability.

Estimating 163

Estimating Construction Materials Risk 163

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 170

Estimating Construction Procurement Renovating 170

Job Order Contracting

SEPTEMBER 8, 2023

Defining a credible cost estimate is an important step towards improving construction outcomes. The vast majority of “construction failures”, delays, cost overages, etc., A credible cost estimate is one that has been derived using local market granular information. Learn more here… or ask a question.

Estimating 191

Estimating Construction Renovating Products 191

The Constructor

FEBRUARY 7, 2021

We are all aware of the importance of estimation in any civil engineering work. The builder needs to have knowledge of the amount of work and the.

Estimating 290

Estimating Engineering Materials Management 290

The Constructor

MARCH 4, 2019

The most basic requirement for the preparation of a good bid is a precise and accurate estimate. If prepared by hand, not only the process would be.

Estimating 223

Estimating Software Software Industrial 223

Job Order Contracting

AUGUST 15, 2024

Isn’t it time for owners, designers, engineers, and builders to STOP thinking about accurate construction cost estimates? The fact of the matter is that there is no such thing as an “accurate construction cost estimate” Measuring accuracy requires a reliable reference point or datum.

Estimating 187

Estimating Procurement Legal Equipment 187

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 153

Estimating Construction CSI Procurement 153

Job Order Contracting

SEPTEMBER 21, 2022

NEVER accept a lump sum estimate for a workorder/project without a full detailed line-item estimate and review of line-times and quantities. Fully audit cost estimate and actual cost information. There are many construction cost data and indexes available: • Handy-Whitman Index of Public Utility Construction Costs.

Estimating 202

Estimating Comparison Electrical Organization 202

Viewpoint Construction Technology

JUNE 12, 2013

MCM is a CPA firm with a team of accountants dedicated to construction accounting. Construction markets remain competitive, so it comes as no surprise that construction companies have to be at the top of their game throughout a project. Not Keeping Up with Technology and Construction Software. Ignoring the “Other Guys”.

Bidding 325

Bidding Profitability Construction Cash Flow 325

Construction Marketing

JANUARY 24, 2024

In the ever-evolving landscape of the construction industry, where precision meets creativity and innovation, effective marketing strategies are paramount for attracting top-tier talent across diverse construction job categories. Architects Design and plan construction projects, considering both aesthetic and functional aspects.

Construction 308

Construction Project Management Electrical Safety 308

Job Order Contracting

JULY 19, 2020

2020 Guide to Construction Cost Estimating provides a road map for applying best management practices necessary to drive financial visibility and transparency. Locally researched detailed line item unit price construction data provided the highest level of verifiable and transparent information. Material costs are either.

Estimating 156

Estimating Overhead Construction Liability 156

Job Order Contracting

FEBRUARY 19, 2021

Reliable construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build project. Reliable Construction Cost Estimating. In theory, all groups should share the same need; to determine the cost for a planned construction activity. Learnings.

Estimating 150

Estimating Construction Renovating CSI 150

Job Order Contracting

JULY 14, 2021

Actionable construction cost data is required to assure financial visibility and transparency and to create a detailed, well-communicated scope of work. Monitoring and controlling of construction cost. A team that saw the need for more representative detailed line unit price construction cost data. Cost comparisons.

Construction 264

Construction Estimating Comparison Forecasting 264

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.

Estimating 149

Estimating Construction Procurement Life Cycle 149

Job Order Contracting

MAY 12, 2020

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.

Estimating 149

Estimating Life Cycle Construction Documentation 149

Job Order Contracting

AUGUST 4, 2023

Many in the public sector are unaware of the construction cost estimating issues caused by the use of national average cost data and location factoring. They are not intended to be used when preparing appropriation-quality estimates. Here’s short summary of those problems noted by independent third parties. Peitlock, B.A.,

Estimating 176

Estimating Construction United States New Mexico 176