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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. Profit and overheads should be considered separately. Unit price construction cost estimating is the foundation of every reliable cost determination.
The IGCE consists of the anticipated costs to include direct costs (labor, products, equipment, travel, and transportation), indirect costs (burden on labor such as fringe benefits and labor overhead), material overhead, general and administrative (G&A) expenses, and profit. Contractor profit and overhead are NOT included. #4.
Repair, Renovation, & Construction Project Cost Management. Prioritize and Budget Requirements Every real property owner is face with aligning organizational requirements with facilities repair, renovation, and construction needs as well as available current and projected multi-year resources.
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. Job Order Contracting BASICS. Crew information should also be available.
Whether you are head of M&O, Construction, Chief Financial Officer, Procurement, or Superintendent… efficient management of the numerous and ongoing repair, renovation, and minor new construction projects, common to all K12 Schools, is critical to both the bottom line and the quality of educational services being offered.
Contractors earn a reasonable profit. More efficient use of renovation, repair, and minor new construction funds. Cost data organized by Organized by Construction Specifications Institute (CSI) MasterFormt® (Four BT, LLC is an approved licensee). Best value procurement. Performance-based reward system. Reduced Risk.
The contractor’s JOC coefficient includes overhead and profit, thus the unit price book should NOT include overhead and profit. A JOC Unit Price Book should also be organized by CSI MasterFormat (50 Division) and include demolition line items and line item modifiers.
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).
Job order contracting is neither difficult to understand, nor costly to practice, yet is virtually assures the consistent delivery of quality, on-time, on-budget repair, renovation, and new construction projects…if designed, deployed, and managed correctly. The JOC UPB should be organized using CSI Masterformat.
Robust collaborative construction contracting and productive, on-demand LEAN project delivery is readily available in two forms; integrated project delivery (IPD), for major new construction, and Job Order Contracting (JOC), for repair, renovation, and minor new construction.
Job order contracting is neither difficult to understand, nor costly to practice, yet is virtually it assures the consistent delivery of quality, on-time, on-budget repair, renovation, and new construction projects…if the JOC Program is designed, deployed, and managed correctly. The JOC UPB should be organized using CSI Masterformat.
The 4BT OpenJOC Job Order Contract Unit Price Book contains line item task descriptions and costs for commonly encountered renovation, repair, and minor new construction costs. Data organization uses CSI MasterFormat. 4BT OpenJOC TM Unit Price Book (UPB). Task descriptions are in plain English using industry standard terms. to 1.20.
It functions like an “as-needed”, “on-demand” repair, renovation, maintenance, and new construction program, and is based upon proven LEAN principles. If a UPB is properly created it consists of “bare costs” only (no contractor overhead or profit). JOC 2020 Cost Reduction. for normal work hours.
Introduction – LEAN construction cost estimating, planning, procurement, and project delivery, drives optimal performance for the numerous repair, renovation, maintenance, sustainability, and new construction projects encountered by real property owners, facilities managers, and their service providers. Continuous improvement.
Hard Construction Costs are the detailed tasks, materials, equipment, and labor required to complete a renovation, repair, maintenance, sustainability or new construction project. Overhead & Profit – Temporary facilities, utilities, tools and safety and security costs.
LEAN construction cost estimating, procurement, and project delivery, drives optimal performance for the numerous repair, renovation, maintenance, sustainability, and new construction projects encountered by real property owners, facilities managers, and their service providers. LEAN Construction Cost Estimating Drives Optimal Performance.
LEAN construction cost estimating, procurement, and project delivery jointly drive optimal, best value execution of the numerous repair, renovation, maintenance, sustainability, and new construction projects encountered by public sector real property owners, facilities managers, procurement professionals, and their service providers.
The best unit price book – UPB, for your Job Order Contract, is one that contains most of the line items that you typically expect to encounter for your numerous renovation and repair projects. Use a standard cost data architecture such as CSI Masterformat. These are publish and updated regularly and used by JOC unit price books.
Contractors are forced to shave their profits to razor-thin margins and gamble on their ability to compensate with change orders and claims on the back end. Design-bid-build is a problem for everyone! The low-bid system is particularly poor. Both contractors and owners are rolling the dice when it comes to projects outcomes.
A Common Data Environment in the form of a locally researched detailed Unit Price Book, UPB, significantly improves renovation, repair, maintenance, and new construction outcomes. Most JOCs involve common renovation and repair tasks and consistently use less than 30,000 line items. How to Select a JOC Unit Price Book– WHITE PAPER.
A Common Data Environment in the form of a locally researched detailed Unit Price Book, UPB, significantly improves renovation, repair, maintenance, and new construction outcomes. Most JOCs involve common renovation and repair tasks and consistently use less than 30,000 line items. How to Select a JOC Unit Price Book– WHITE PAPER.
SmartWater CSI, a UK forensic technology firm also established its North American Headquarters in Fort Lauderdale, and UK-based Private Jet Charter expanded its headquarters there. Champlain Valley Specialty is renovating and expanding a former onion packing site into an apple processing facility. Population Between 50K-200K.
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