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Relearn Construction Cost Estimating – 4 Critical Learnings

Job Order Contracting

It’s time to relearn construction cost estimating. Before relearning construction cost estimating, it’s important to hit your resent button. People, Process, and Information are the three kings. Focus on working with professions with experience, yet willing to learn, listen, and share information. the jobsite.

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Enhance Construction Cost Estimating – 5 Steps

Job Order Contracting

Reliance upon traditional and flawed techniques of planning, procurement, and project delivery methods. 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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Collaboration and informed decision-making in the construction industry

Job Order Contracting

Cost visibilty and transparency promotes a culture of collaboration and informed decision-making and can ensure greater efficiency across the facilities management and AECOO sectors. Improving construction cost estimating requires collaboration, transparency, and a robust process. Check it out!

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STOP Thinking about ACCURATE CONTRUCTION COST ESTIMATES

Job Order Contracting

Isn’t it time for owners, designers, engineers, and builders to STOP thinking about accurate construction cost estimates? The fact of the matter is that there is no such thing as an “accurate construction cost estimate” Measuring accuracy requires a reliable reference point or datum. and new construction service.

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Valid construction estimates

Job Order Contracting

Valid construction estimates are based on processes and procedures, however, most organizations rely upon dated, ineffective methods. Cost and time estimates are imperative to the success of any construction project, both during construction and throughout the project life. 2 Detailed line item estimating.

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Construction Cost Estimating Facts

Job Order Contracting

Construction Cost Estimating Facts Construction Cost Estimating Facts #1 There is no such thing as an “accurate cost estimate” Beware of any so called expert, estimating firm, or vendor using the term. #2 2 Construction cost estimating is NOT an art.

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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.