Job Order Contracting

JUNE 1, 2022

Construction Cost Estimating Factors 2022 – Construction Cost Estimating Factors that determine validity, transparency, and level of cost management capability. An estimate is no better than its basis. An estimate is a prediction and carries uncertainty. An estimate is a decision-making tool.

Estimating 264

Estimating Construction Procurement Architecture 264

Job Order Contracting

AUGUST 3, 2022

Accuracy is a very common term used in describing the primary attribute required in construction cost estimates. The use of the term accuracy in concert with a construction cost estimate is questionable is questionable at best but is sheer lunacy if the standard is the final construction cost! contact-form]. .

Estimating 261

Estimating Construction Procurement Renovating 261

Job Order Contracting

MARCH 30, 2022

Valid construction cost estimate creation is the goal of every professional estimator. The reason is simple, an estimate, by nature, is an approximation. Using the final construction cost, for example, is just plain silly as there are far too many variables involved in the outcome. and oversight groups.

Estimating 264

Estimating Construction Procurement Overhead 264

Job Order Contracting

APRIL 26, 2022

Unit price construction cost estimating is the foundation of every reliable cost determination prior to procurement. Systems level estimating, historical data, assemblies, or square foot calculations should never be exclusively used to procure a repair, renovation, maintenance, or new build service. Contact Us.

Estimating 264

Estimating CSI Procurement Construction 264

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 263

Estimating Construction Procurement Regulation 263

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. Work as part of an integrated planning, procurement, and project delivery team. Certainly its not the final construction cost. Tech is an enablers.

Estimating 246

Estimating Construction Procurement CSI 246

Job Order Contracting

JANUARY 3, 2025

Historical Precedent and Familiarity RSMeans has been a longstanding standard in construction cost estimation. However, this approach often overlooks local market fluctuations and nuances, leading to inaccurate cost estimates.

Procurement 246

Procurement Estimating Management Renovating 246

Job Order Contracting

MAY 28, 2024

While we are all aware of the high levels of financial and environmental waste associated with the construction and sustainment of the built environment, very little has been done to address the issue at the root cause level. . Reliance upon traditional and flawed techniques of planning, procurement, and project delivery methods.

Estimating 243

Estimating Construction CSI Procurement 243

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 246

Estimating Construction Defense Change Orders 246

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 239

Estimating Construction Procurement Renovating 239

Job Order Contracting

OCTOBER 23, 2021

The innovative 4BT OpenBuild/OpenJOC(TM) Framework integrates planning, procurement, and project delivery to improve construction productivity. The post Innovative Solution Integrates Planning, Procurement, and Project Delivery to Improve Construction Productivity appeared first on 4BT. contact-form].

Procurement 263

Procurement Innovation Products Plans 263

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 263

Estimating Construction Procurement Budgeting 263

Job Order Contracting

DECEMBER 7, 2020

Collaborative construction cost estimating provides guidance to organizations seeking improved cost visibility and transparency for repair, renovation, maintains and new build projects as well as overall facilities and physical infrastructure management. Workflows, forms, sign offs, etc.

Estimating 214

Estimating Construction Procurement Environment 214

Job Order Contracting

FEBRUARY 10, 2021

Collaborative Construction Procurement Planning and Project Delivery is a robust process for consistently achieving long-term best value for all participants and stakeholders. Tools and services should be procured to support owner requirements. Collaborative Construction Procurement Planning Drives Best Value Outcomes.

Procurement 246

Procurement Plans Construction Renovating 246

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.

Estimating 246

Estimating Life Cycle CSI Construction 246

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 246

Estimating Procurement Legal Equipment 246

Job Order Contracting

JANUARY 21, 2020

Value-based construction planning, procurement, and project delivery can consistently enable quality projects, on-time and on-budget. PROCESS – LEAN planning, procure, and project delivery is a requirement. The post Value-based Construction Planning, Procurement, and Project Delivery appeared first on 4BT.

Procurement 213

Procurement Plans CSI Construction 213

Job Order Contracting

MAY 25, 2020

Early planning, design, and procurement stages influence cost, timing, quality, and overall repair, renovation, maintenance and new builds, and are critical to achieving optimal outcomes. The latter are fundamental to verifying contractor quotes and creating internal government estimates (IGEs).

Procurement 263

Procurement Plans Life Cycle Design 263

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 200

Estimating Construction CSI Procurement 200

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 246

Estimating Construction CSI Compensation 246

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 245

Estimating Construction Documentation Risk 245

Job Order Contracting

FEBRUARY 17, 2025

It is the foundation of any repair, renovation, maintenance, or new build activity throughout associated planning, procurement, and project delivery. Reliable construction cost data has the following characteristics. Therefore, granular construction task level information is the most reliable cost data for owners and design-builders.

Estimating 147

Estimating Procurement Renovating Management 147

Job Order Contracting

APRIL 29, 2020

Detailed line item construction cost estimating is a prerequisite to obtaining best value outcomes for facilities / built infrastructure repair, renovation maintenance, sustainability, and new construction projects. see LEAN construction guide ). see LEAN construction guide ). appeared first on 4BT.

Estimating 191

Estimating Procurement Life Cycle Construction 191

Job Order Contracting

FEBRUARY 3, 2025

Can the commercial construction contractor Bid/Win average of 25% be significantly improved? The industry average of 25% largely reflects the inefficiencies in bid preparation, lack of trust in cost estimates, and inconsistencies in pricing. The post Construction Bid Win Percentage appeared first on 4BT.

Bidding 147

Bidding Construction Defense Contractors 147

Job Order Contracting

MARCH 7, 2025

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.,

Management 147

Management Estimating Change Orders Construction 147

Job Order Contracting

MAY 3, 2020

Significant improvement across the AECOO sector (architecture, engineering, construction, operation, owner) requires an understanding of the critical parameters. Training and organization-wide communications in support of LEAN construction planning, procurement, and project delivery are mandatory in order to achieve continuous improvement.

Procurement 191

Procurement Plans Construction BIM 191

Job Order Contracting

MAY 5, 2023

Construction cost management capabilities are critical to the success of any repair, renovation, maintenance, or new build activity. That said 80%+ of all projects are late or overbudget largely due to an inadequately detailed and poorly communicated Scope of Work (SOW) and associated cost estimate. 2 Is the cost estimate objective? #3

Management 262

Management Procurement Estimating Construction 262

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 179

Estimating Construction Renovating CSI 179

Job Order Contracting

JUNE 2, 2022

Construction Cost Management = Transparency and Credibility. Is your construction cost estimate… Comprehensive? An estimate is no better than its basis. An estimate is a prediction and carries uncertainty. An estimate is a decision-making tool. Variations in an estimate can be found in the basis.

Management 263

Management Estimating Procurement Construction 263

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. Introduction. Quality / Quantity.

Estimating 213

Estimating Overhead Construction Liability 213

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 165

Estimating Construction Procurement Life Cycle 165

Job Order Contracting

FEBRUARY 27, 2020

Best Value Facilities Construction/O&M Planning, Procurement and Project Delivery can only be achieved with a concerted focus upon change management, education, and leadership. via Four BT, LLC, the AEC industry’s innovative LEAN construction collaboration services, construction cost data, and SAAS technology provider.

Procurement 179

Procurement Plans Life Cycle CSI 179

Job Order Contracting

SEPTEMBER 8, 2020

Construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build, and the consistent achievement of best value outcomes. Levels of Construction Cost Estimates. The are many levels of construction cost estimates based upon a “project” life-cycle.

Estimating 179

Estimating Construction Procurement Life Cycle 179

Job Order Contracting

AUGUST 17, 2020

Remove the traditional silos and no longer depend upon inefficient and antagonistic construction delivery methods. Collaborative LEAN Construction Planning Procurement Project Delivery Solution. The post Announcing an Innovative LEAN Construction Planning Procurement Project Delivery Solution Solution appeared first on 4BT.

Procurement 165

Procurement Innovation Plans Construction 165

HardHatChat

FEBRUARY 11, 2025

Successful commercial construction projects hinge on more than just technical expertise; they require a strategic and collaborative approach. For Directors of Construction, engaging the right general contractor (GC) who can work seamlessly with commercial architects is essential to mitigate risks and achieve project goals.

Commercial 177

Commercial Risk Contractors Feasibility 177

Job Order Contracting

JULY 22, 2020

Adaptive Lean Construction Planning, Procurement, and Project Delivery tools and services are readily available to assure the consistent delivery of quality repair, renovation, maintenance, and new construction projects on-time and on-budget. Global oversight is integrated with localized decision-making.

Procurement 147

Procurement Plans Construction Bidding 147

Job Order Contracting

OCTOBER 1, 2022

Without granular, line item Local Market Construction Cost Data you can’t have a verifiable estimate. Construction, Renovation, Repair, and Maintenance Costs – RELIABLE Local Market Construction Cost Data is now available, and updated quarterly, without any factoring. Copy/paste estimates. Compliance.

Construction 264

Construction Estimating CSI Comparison 264