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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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FOUR PHASES OF PROJECT MANAGEMENT

The Constructor

There are four phases of project management which are required to manage projects efficiently on quality, time and costs. Defining and organizing the project: Defining project is the first step in the project management process.

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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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WHAT IS PROJECT MANAGEMENT?

The Constructor

WHAT IS PROJECT MANAGEMENT? Tweet A project is a set of interrelated activities, usually involving a group of people working together toward a common goal or objective over a period of time. Not surprisingly, project management requires strong organizational, budgeting, staffing, controlling, and communication skills.

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Are You Still Using Spreadsheets for Project Management?

Viewpoint Construction Technology

Contractors have a lot to keep track of daily: from crews on the jobsite and subcontractors to equipment, materials and ever-changing conditions. To keep things organized, most contractors use technology in some capacity to facilitate day-to-day workflows for project management , scheduling, accounting , estimating and more.

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Granular Local Market Cost Data is Essential for Construction Cost Visibility & Management

Job Order Contracting

Granular Local Market Cost Data is Essential for Cost Visibility & Management (Repair, Renovation, Maintenance, & New Builds) Using current, verifiable, and detailed local cost dat a instead of national averages with adjustment factors ensures: Cost transparency All labor, material, and equipment costs are broken down and verifiable.

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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.