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Common construction cost estimating problems

Job Order Contracting

Key issues related to cost factors: Fluctuating Material Costs: Prices of construction materials can significantly vary based on market conditions, supply chain issues, and seasonal fluctuations, making accurate cost estimations challenging.

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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?

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

Job Order Contracting

Active Construction Cost Management is important to any repair, renovation, maintenance, or new build activity. 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

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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. 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.

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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.

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MasterFormat Construction Cost Estimating

Job Order Contracting

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Using the term “accurate” or “accurate costs” in conjunction with construction cost estimating is a fools errand. “ By definition, a construction cost estimate is an approximation.

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Collaborative Construction Cost Estimating 2021

Job Order Contracting

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. In other words, robust, LEAN process takes precedence for all associated projects.