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Construction Cost Model

Job Order Contracting

Oddly, few real property owners create a detailed construction cost model for their renovation, repair, maintenance, or new build projects. This is a primary factor causing the high level of waste and dissatisfaction associated with life-cycle management of the built environment. WHAT IS A MODEL? Learn more?

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LEAN Construction Project Delivery and Facilities Operations, Maintenance, and Life-cycle Management

Job Order Contracting

LEAN Practices Asset Competency Model. Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. Building Information Modeling (BIM) (Model & Management Systems) Capital Planning and Management Systems (CPMS).

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Credible Construction Estimate Core Elements

Job Order Contracting

Locally researched labor, material, equipment, and productivity data is essential in the devlopement of a credible construction cost estimate. ENR economic index, etc.) applied to a outdated cost estimate will introduce significant error. 3# Local Market – All cost data must be based upon local market conditions.

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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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Building in Cloud – Collaborative Construction and FM Planning, Procurement, and Project Delivery

Job Order Contracting

BIM Model Integration, also in a federated form, allows you to keep information connected to models, driving significant time savings and the reduction of the risk associated with the inability to access current actionable information. This makes it easy to manage assets and components throughout their full life-cycle.

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Construction Cost Data – A Valuable Read?

Job Order Contracting

Current, actionable construction cost data is a core component of efficient life-cycle management of the built environment and LEAN construction planning, procurement, and project delivery. What type of construction cost data do you use? LEAN Process Combined with Detailed, Locally Researched Construction Cost Data.

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” Evidence-based ” Life-cycle Federal Facility Management, BIM, and the Status Quo – NIBS, FFC

Building Information Management

Key Topics / Take Aways: Identify and advance technologies, processes, and management practices that improve the performance of federal facilities over their entire life-cycle, from planning to disposal. Requirements for facility life-cycle management, efficient repair/maintenance/sustainability, BIM.