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A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs. The estimated costs of the known-unknowns is referred to by cost estimators as cost contingency. RSMeans refers to this as, "Price the quantities."

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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

Each project will encompass detailed line item construction task and reference specifications encompassing improvements, alterations, renovation, remodeling, major repairs, and minor new construction associated with ORGANIZATION NAME structures and properties. coefficient (reference table of allowable overhead). authorization.

Contract 100
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3 Ways to Take Construction Asset Tracking to the Next Level 

Autodesk Construction Cloud

You can configure the system for your specific scope and work packages to make it easy for teams to access the assets they need, whether in the office or the field. And when categories are combined with custom fields, users can track all project hierarchy as it relates to physical bills of material, drawings, models, etc.

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16 Things Every Contractor Should Know When Bidding a Job Order Contract

Job Order Contracting

For example, are drawings given to the general contractor 50% of the time? Information should include a description of current conditions including access, materials, dimensions, and a drawing/PDF, as well as a description and drawing/PDF of requirements. The Owner simply references their existing Technical Specifications. .

Bidding 100
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6 Tips for Getting Paid Now – Not Later

PSMJ Resources

Refer to article 9 of AIA Document B101-2007 for guidance. Also consider holding the retainer until you've received final payment, all final paperwork, guarantees, warranties, maintenance manuals, asbuilt drawings, and other traditional deliverables. Understand what your overhead factors are. Don't design for free.

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10 Essential Types of Construction Documents

Autodesk Construction Cloud

Architectural drawings. 5: Drawings. Construction documents often include architectural drawings. Also referred to as “ specs ,” these will cover information such as the: Equipment that is expected to be used on-site. Overhead costs. Some common kinds of construction documents include: Bidding documents.

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Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” Beyond this, the installing contractor’s overhead(s) and profit will need to be added. Overhead: Overhead is the markup for the general contractor’s home office overhead.