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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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Reliable Cost Data

Job Order Contracting

It is the foundation of any repair, renovation, maintenance, or new build activity throughout associated planning, procurement, and project delivery. Detailed Line-item Construction Cost Estimating Detailed line-items estimating provides the most representative view of actual “construction” costs.

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Carbon Modeling Tool – Facilities Lifecycle

Job Order Contracting

Carbon modeling tool for the facilities capital delivery process. The final Carbon Calculator assessment is used to create data points in the carbon models within the Carbon Modelling Tool. The construction carbon modeling tools estimates emissions from a variety of sources covering the whole life of a project.

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MasterFormat Construction Cost Estimating

Job Order Contracting

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Uniformat level and/or assembly level, or building level cost data is useful for budgeting purposes only, and should not be used for bidding, procurement, and execution actual projects with builders, construction managers, etc.

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Collaborative Construction Procurement Planning and Project Delivery = Best Value Outcomes

Job Order Contracting

Collaborative Construction Procurement Planning and Project Delivery is a robust process for consistently achieving long-term best value for all participants and stakeholders. Parametric cost modeling, area cost factors, location factors, etc., Tools and services should be procured to support owner requirements.

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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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Reliable Construction Cost Estimating

Job Order Contracting

Reliable construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build project. Reliable Construction Cost Estimating. While there may be several types of estimates in terms of granularity, this discussion is limited to detailed line item estimates. Learnings.