Remove Definition Remove Estimating Remove Procurement
article thumbnail

Challenge and Improve Construction Cost Estimating

Job Order Contracting

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.

article thumbnail

How to Create an Independent Government Cost Estimate

Job Order Contracting

What is an Independent Government Cost Estimate? An IGCE (also in construction related service an IGE) is a cost estimate developed by the Government Requiring Activity, based on the requirements of the Performance Work Statement (PWS) or Statement of Work (SOW). How was the estimate made? What assumptions were made?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Active Construction Cost Management – Government, Healthcare, Education, Transportation

Job Order Contracting

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.

article thumbnail

Construction Cost Estimating Factors

Job Order Contracting

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. CORE PRINCIPLES.

article thumbnail

Valid Construction Cost Estimate Creation

Job Order Contracting

Valid construction cost estimate creation is the goal of every professional estimator. Nonetheless validity of a construction cost estimate is critical to cost management. The management of a cost estimate involves updating costs with current data as it becomes available and revising the estimate to reflect changes.

article thumbnail

Enhance Construction Cost Estimating – 5 Steps

Job Order Contracting

The failure to use standard terms, definitions, and data architectures as well as objective local market data. Reliance upon traditional and flawed techniques of planning, procurement, and project delivery methods. What’s needed to improve construction cost estimating? Join the converstation and make a difference!

article thumbnail

MasterFormat Construction Cost Estimating

Job Order Contracting

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.