Remove Documentation Remove Estimating Remove Schedule
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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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Credible Construction Estimate Core Elements

Job Order Contracting

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.

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Better Manage Construction Costs Schedules and Quality

Job Order Contracting

Sixty (60%) percent of all project fail to meet both cost and and schedule targets. Fortunately there are proven processes to better manage construction costs, schedules, and quality. Labor productivity value for each craft /work area needs to be estimated at a detail level as it will significantly vary.

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Line Item Construction Cost Estimating – 2020 and Beyond!

Job Order Contracting

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.

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PROVEN FORMULA FOR EFFICIENT FACILITIES Repair, Renovation, Maintenance, and New Construction

Job Order Contracting

Create estimates, deploy project workflows and controls, inclusive of timelines, approval stages, appropriate information access, and more. Put an end to poor traditional planning, cost estimating, procurement, and project delivery practices! 41%-74% reduction in project schedules. 84% gain in higher-quality construction.

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Typical JOC Process

Job Order Contracting

Visit the jobsite and document conditions. Determine project schedule and major milestones. Owner may prepare an internal estimate (Internal Government Estimate (IGE), based upon regulations.). Final Inspection. Warranty Period. Establish project goals. Determine if design services are required. Contractor.

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Acquisition Research: Creating Synergy for Informed Change – Federal Contracting Officers – The Need for Improved Expertise

Job Order Contracting

.” “…it appears that contracting personnel do not know how to appropriately perform and document price analysis.” ” “In particular, two types of price analysis—references to market research and IGCEs—were performed and documented incorrectly more than 50% of the time.”

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