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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. Leadership support.
The following is presented as a Construction Cost Estimating Guide for enabling owners and design-builders to gain visibility into actual local market labor, material, and equipment costs. Standardized Data Architecture: Use a robust data architecture such as expanded CSI Masterformat.
Dependable Cost Estimating Software is needed to develop reliable construction cost estimates. Requirements for dependable cost estimating software include. Cost data organized by a well-defined Work Breakdown Structure (WBS) and standardized data architecture such as expanded CSI Masterformat. Ease-of-use. Scalability.
Getting preconstruction data and process right is critical and only 4BT (Four BT, LLC) offers local market granular cost data that is locally researched, provided in expanded CSI Masterformat , inclusive of over 90,000-line times, and capable of providing a highest degree of cost visibility and cost management available today.
Finally, FAST and RELIABLE Cost Estimates for construction, renovation, repair, and maintenance are now possible with 4BT’s local market detailed cost data! The post FAST and RELIABLE Cost Estimates appeared first on 4BT. Learn Why 4BTs Data Structure Excels.
Questions every real property owners should ask before procuring a repair, renovation, maintenance, or new build service. #1 1 Can I objectively validate the cost estimate? #2 2 Is the cost estimate objective? #3 4 Is the cost estimate organized using a standard data architecture (i.e.
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.
Simply build the subcontractor estimate using objective, verifiable local market construction cost data and compare costs. Ensure all construction cost estimates are both VALID and RELIABLE. The availability of current, local market, detailed construction task data makes evaluating subcontractor bids an easy task.
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.
4BT is the only source of over 90,000 line items of construction task data organized using expanded CSI Masterformat and updated quarterly without the use of location factors or economic indexes, as well as a full database of preventive maintenance tasks, checklists, tasks and associated costs organized using expanded UNIFORMAT.
Reliance upon traditional and flawed techniques of planning, procurement, and project delivery methods. 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.
It’s time to relearn construction cost estimating. Before relearning construction cost estimating, it’s important to hit your resent button. Use and share objective, granular, current, and locally researched line item data that is organized using a standard data architecture (for example, expanded CSI Masterformat).
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.
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.
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.
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.
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. expanded CSI Masterformat ). #5
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. A locally researched detailed line item construction cost estimating database plays a key role in this regards.
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. Questions every real property should ask before procuring a repair, renovation, maintenance, or new build service. #1 1 Can I objectively validate the cost estimate? #2
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. The post Best Value Facilities Construction/O&M Planning, Procurement and Project Delivery appeared first on 4BT.
Improving construction cost estimating requires collaboration, transparency, and a robust process. To efficiently share cost information, organize data in a standard architecture, such as expanded CSI MasterFormat, and use industry standard terms, definitions, and units of measure. Collaboration involves both giving and receiving help.
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.
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.
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.
Public Sector Construction Procurement is BROKEN. Each and every day the procurement of facilities repair, renovation, maintenance, and new construction services occurs without any current, objective, verifiable cost information. 2 Current, granular local market cost data organized using expanded CSI MasterFormat. #3 Solution?
Without granular, line item Local Market Construction Cost Data you can’t have a verifiable estimate. Enables integrated planning, procurement, and project delivery workflow. Track multiple programs, contracts, projects, estimates/bids/proposals, issues/tasks, and workorders throughout their lifecycles. Compliance.
2 Granular line item estimating with full visibility into labor, material, equipment, and productivity details is the ONLY way to obtain reliable, objective, and verifiable costs and proceed to procurement with a sufficient level of cost control. #3
Enhancements to locally researched construction cost data and the integration with robust, proven LEAN planning, procurement, and project delivery processes, support by collaborative cloud technology enable any public sector owner to deploy efficient, streamlined capabilities with complete cost visibility and transparency.
B est practice, consistent, and efficient construction cost estimating should consider Owner, Builder, and AE requirements. Detailed line item construction cost estimating optimally communicates scope of work while providing full financial transparency and visibility. Here’s a shortlist for your consideration and comment.
The following is an outline of basic Construction Cost Audit Fundamentals when reviewing a construction cost estimate and conducting a construction cost audit. Construction cost audit procedures involve a thorough understand of work scope and all phases leading up to and ending with the construction cost estimate.
Public Sector Facilities Project Cost Management involves tracking costs in real time throughout the full life cycle of planning, procurement, and delivery. Efficiently planning projects, procuring projects, executing projects, and managing costs involve several fundamental elements. Quantitative metrics/performance indicators.
The fundamental reason for poor outcomes is the failure to implement and properly manage robust and integrated LEAN planning, procurement, and project delivery processes. A detailed scope of work is associated with a detailed line item cost estimate and builder’s proposal based upon a locally researched unit price book.
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.
.) #3 High Granularity Line item discrete construction tasks represent the only methods from which quanities can be applied to then create an cost estimate ready for procurement analysis. #4 Line item tasks should also have an associated expanded and unique CSI MasterFormat coding.
Job Order Contract Estimate Management. Assigned owner and contractor team members request, create, review, edit, and/or approve detailed line item estimates during the JOC process. These actions can occur during conceptual, request for proposal, detailed estimating, or estimate approval/review stages.
Define Construction Procurement. Define Construction Procurement… It’s easy to define construction procurement right? Improper construction procurement methods and a relative lack of competency on the part of procurement staff have greatly contributed to poor construction outcomes. Perhaps not.
Integrated project delivery software and support services embed robust LEAN planning, procurement and project delivery processes within a common data and cloud technology environment. While fundamental LEAN elements serve as the foundation, solutions can be tailored to an organization’s individual requirements. Common Data Environment.
The basics Step 1: Identify ALL Participants and Stakeholders and Meet with Them (Planning, Procurement, Designers, Builders, Building Users) Focus upon clearly defining and communicating desired outcomes for all involved. An initial baseline Scope of Work including core requirements, scope, budget, and timeline should be the outcome.
Open Construction Cost Estimating for 2018 and Beyond! Create you own line items from a core line item database, build estimates, manage projects, store and view virtually all forms of documents. Understand and explore solutions jointly using a common data environment based upon CSI Masterformat. Mitigate variance and risk!
Cost management can only be achieved through the process of owners created independent line item estimates. Owner and design-builds therefore develop and maintain consistently formated documentation as an expectation from the outset of project conceptualization through plannig, procurement, and project delivery and beyond.
Accurate, detailed construction cost estimating is critical to the success of any repair, renovation, or new build project. Top estimators have years of experience and a working knowledge of construction means and methods. Detailed line item estimating is the more accurate and valuable for of construction cost estimating.
LEAN construction spans Planning, Procurement, Project Delivery, and ongoing Operations and Maintenance. “Coming together is a beginning, staying together is progress, and working together is success.” ” – Henry Ford. What is LEAN Construction ?
The approved JOC unit price book should be locally researched and organized using CSI Masterformat. Before initiating a project through the JOC program, determine if it will result in savings over traditional/other procurement methods. Non-catalog items should not exceed 10% of the total project cost estimate.
Any real property owner can develop and deploy a robust Framework for Integrated Facilities Planning, Procurement, and LEAN Project Delivery. A UPB eliminates the sole reliance upon contractor and subcontractor quotes or “back of the envelope” estimates. Simplifying a System to Meet Actual Facilities Needs.
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