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Unit Price Construction Cost Estimating

Job Order Contracting

Another requirement to enable cost visibility, transparency, and management is a locally researched line-item unit price book database, organized using CSI Masterformat. Profit and overheads should be considered separately. Unit price construction cost estimating is the foundation of every reliable cost determination.

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MOST Construction Cost Data is Useless

Job Order Contracting

Organization using expaned CSI Masterformat. No inclusion of builder/contractor overhead or profit. Specific local market research with zero use of location factoring (city cost indexing) or economic factoring (economic indexes) 3. Timely updates – Data must be update quaterly at minimum. 4BT updates 1.2+

CSI 116
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Construction Cost Estimate

Job Order Contracting

The reason being that it’s rare that two assemblies or systems are exactly alike in differing locations/applications… A locally researched detailed line item database, organized by CSI MasterFormat – 50 Division is a valuable tool for any estimator and real property facilities manager. Contractor Overhead & Profit.

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Reliable Construction Cost Estimating

Job Order Contracting

Each task has a description and should be organized using the CSI MasterFormat data architecture. Construction supervision, and general office overhead, as well as any other costs should also be itemized separately.

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JOC Construction Labor Costs

Job Order Contracting

The wage rates are combined with material and equipment costs, and the time/crew required to perform a specified task in order to create a detailed JOC construction cost task or line item. The total for the line item is general the applied without contractor overhead and profit. Bare costs (no contractor overhead and profit).

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What is a JOC Unit Price Book

Job Order Contracting

The reason is that the OpenJOC UPB is locally research and does not include contractor overhead and profit. The contractor’s JOC coefficient includes overhead and profit, thus the unit price book should NOT include overhead and profit.

Overhead 100
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JOB ORDER CONTRACTING BASICS

Job Order Contracting

Each line item in the UPB should represent a repair, renovation, or construction related task and include… organization via CSI MASTERFORMAT, a title and description in plain English, and detailed subcosts for labor, material, and equipment. that reflects contractor overhead and profit, and other items as allowed via the contract.

Contract 116