Job Order Contracting

MAY 24, 2023

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.

Estimating 217

Estimating Construction Defense Change Orders 217

HardHatChat

AUGUST 28, 2018

While we do our best to provide budget estimates that are as accurate as possible, there are inevitably times when projects bids come in higher than the client expected, or that unanticipated costs push the job over-budget. But in reality, the quality of plans we receive to work with at this stage varies widely.

Budget 337

Budget Budgeting Commercial Plans 337

Job Order Contracting

AUGUST 3, 2022

Accuracy is a very common term used in describing the primary attribute required in construction cost estimates. The use of the term accuracy in concert with a construction cost estimate is questionable is questionable at best but is sheer lunacy if the standard is the final construction cost! – Oxford Languages.

Estimating 201

Estimating Construction Procurement Renovating 201

Job Order Contracting

DECEMBER 8, 2024

Challenge and improve construction cost estimating methods by enhancing data and ensuring process standardization. Improving construction cost estimating data and processes are central to significantly enhancing cost visibility and cost management. Robust Construction Cost Estimating Requirements: #1. Leadership support.

Estimating 161

Estimating CSI Construction Equipment 161

Job Order Contracting

JUNE 27, 2024

It’s time to relearn construction cost estimating. Before relearning construction cost estimating, it’s important to hit your resent button. Work as part of an integrated planning, procurement, and project delivery team. Also remember that there so NO SUCH THING as an “accurate construction estimate.”

Estimating 210

Estimating Construction Procurement CSI 210

Job Order Contracting

AUGUST 20, 2023

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.

Estimating 216

Estimating Life Cycle CSI Construction 216

Job Order Contracting

OCTOBER 19, 2023

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

Estimating 221

Estimating Life Cycle Documentation Schedule 221

Job Order Contracting

MAY 28, 2024

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.

Estimating 184

Estimating Construction CSI Procurement 184

Job Order Contracting

MARCH 21, 2022

Should Areas Cost Factors be used for Construction Cost Estimating? As a result, more than 40 years after the introduction of area cost factors (ACFs), the federal government is no closer to its goals of having construction cost estimates match actual construction costs, or properly adjusting for regional (location based) variances.

Estimating 215

Estimating Construction Procurement Budget 215

Job Order Contracting

MAY 4, 2023

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

Estimating 195

Estimating Construction Risk Documentation 195

Job Order Contracting

AUGUST 26, 2024

How to validate a construction takt plan: Validating an “optimized” TAKT plan is challenging, if not impossible, without access to an objective and granular local market database of construction tasks that includes labor, material, and equipment requirements. Here’s why this database is critical: 1.

Plans 206

Plans Feasibility Construction Comparison 206

Job Order Contracting

OCTOBER 26, 2024

Better Tools are now availalble for construction estimators to drive significantly improved contruction cost visibility. This visibility is crucial for Lean construction, as it enhances cost transparency, enabling better planning, accountability, and more precise cost control.

Estimating 172

Estimating Construction Resource Regulation 172

Job Order Contracting

SEPTEMBER 18, 2023

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. The estimating process begins with a comprehensive understanding of your project’s scope of work.

Estimating 200

Estimating Construction CSI Compensation 200

Construction Business Owner

MAY 10, 2019

The first question a leader should ask is: Do we have an operational standard for preconstruction being used by every project manager, estimator and superintendent/foreman? If the answer is no, you have your first obstacle to overcome. .

Project Management 300

Project Management Plans Estimating Management 300

Job Order Contracting

MARCH 17, 2021

Reliable construction cost estimating is important to real property owners, facilities management professions, architects, and engineers. If a job is estimated correctly all parties should have a detailed understanding of the scope of work, costs, time, labor, and materials required.

Estimating 152

Estimating Construction CSI Procurement 152

Job Order Contracting

APRIL 3, 2021

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Using the term “accurate” or “accurate costs” in conjunction with construction cost estimating is a fools errand. “ By definition, a construction cost estimate is an approximation. Absolutely not!

Estimating 167

Estimating Construction Procurement Renovating 167

Construction Business Owner

MARCH 1, 2024

Strategic Cost Estimation for Contractors in 2024 ccapoccia Fri, 03/01/2024 - 16:03 As we navigate the complexities of the construction industry in 2024, the ability to provide accurate cost estimations remains the cornerstone of a contractor’s success.

Estimating 156

Estimating Contractors Roads Profitability 156

Job Order Contracting

APRIL 15, 2021

I always tell owners, builders, architects, and engineers to forget construction cost estimating accuracy. I would also avoid estimators and, or cost data providers that claim to provide accurate construction cost estimates. There is no such thing as an accurate construction cost estimate. This is clearly foolish.

Estimating 149

Estimating Construction Procurement Life Cycle 149

Job Order Contracting

OCTOBER 23, 2021

The innovative 4BT OpenBuild/OpenJOC(TM) Framework integrates planning, procurement, and project delivery to improve construction productivity. The post Innovative Solution Integrates Planning, Procurement, and Project Delivery to Improve Construction Productivity appeared first on 4BT. All projects follow a core programmatic process.

Procurement 214

Procurement Innovation Products Plans 214

Job Order Contracting

MAY 25, 2020

Early planning, design, and procurement stages influence cost, timing, quality, and overall repair, renovation, maintenance and new builds, and are critical to achieving optimal outcomes. The latter are fundamental to verifying contractor quotes and creating internal government estimates (IGEs).

Procurement 210

Procurement Plans Life Cycle Design 210

Job Order Contracting

DECEMBER 7, 2020

Collaborative construction cost estimating provides guidance to organizations seeking improved cost visibility and transparency for repair, renovation, maintains and new build projects as well as overall facilities and physical infrastructure management. In other words, robust, LEAN process takes precedence for all associated projects.

Estimating 145

Estimating Construction Procurement Environment 145

Job Order Contracting

FEBRUARY 19, 2021

Reliable construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build project. Reliable Construction Cost Estimating. In theory, all groups should share the same need; to determine the cost for a planned construction activity. Learnings.

Estimating 150

Estimating Construction Renovating CSI 150

Construction Business Owner

MAY 28, 2020

As contractors across heavy construction sectors move in growing numbers to replace spreadsheets and paper-based processes with software solutions for estimating and operations, some are finding out that an old adage about technology can be true: Great software with a flawed implementation plan equals bad software.

Software 345

Software Software Construction Estimating 345

Job Order Contracting

SEPTEMBER 8, 2020

Construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build, and the consistent achievement of best value outcomes. Levels of Construction Cost Estimates. The are many levels of construction cost estimates based upon a “project” life-cycle.

Estimating 150

Estimating Construction Procurement Life Cycle 150

Job Order Contracting

APRIL 29, 2020

Detailed line item construction cost estimating is a prerequisite to obtaining best value outcomes for facilities / built infrastructure repair, renovation maintenance, sustainability, and new construction projects. A locally researched detailed line item construction cost estimating database plays a key role in this regards.

Estimating 151

Estimating Procurement Life Cycle Construction 151

The Constructor

FEBRUARY 25, 2022

Quantity takeoff in construction estimates the quantities for a contract from the drawings and construction plans to forecast the upcoming.

Forecasting 279

Forecasting Drawings Estimating Contract 279

Construction Business Owner

MAY 1, 2024

This allows you to strategically evaluate and adjust your estimates and budgets based on how prices have fluctuated in past, similar market conditions. Go from guesswork to an objective approach Leveraging past experiences for project budgeting and estimating is beneficial, but manual methods are error-prone and inefficient.

Materials 346

Materials Construction Budget Budgeting 346

Construction Business Owner

DECEMBER 20, 2022

It takes knowledge of the client, an understanding of the plan, and much skill to estimate labor, materials and equipment costs accurately. An accurate bid for construction work takes time; it’s not something that can be thrown together in 15 minutes.

Bidding 295

Bidding Estimating Profitability Equipment 295

Job Order Contracting

FEBRUARY 10, 2021

Collaborative Construction Procurement Planning and Project Delivery is a robust process for consistently achieving long-term best value for all participants and stakeholders. Lean Acquisition Planning : Collaborate to assure all parties are involved in determining physical, functional, and financial requirements.

Procurement 210

Procurement Plans Construction Renovating 210

Job Order Contracting

JULY 19, 2020

2020 Guide to Construction Cost Estimating provides a road map for applying best management practices necessary to drive financial visibility and transparency. Since other levels or types of cost estimating can’t meet this level, care should be given as to what form of cost data is being use. Introduction.

Estimating 155

Estimating Overhead Construction Liability 155

The Constructor

MAY 30, 2020

Plan cost management is a system for handling the costs of a project throughout its lifecycle. With the help of a cost management plan, standard.

Plans 195

Plans Management Estimating 195

Job Order Contracting

JULY 14, 2021

The use of “national average” cost databases and “location factors” or “cost indexes” does not provide sufficient information to create reliable construction cost estimates. Design cost planning. 4BT OpenCOST Cost Data is available via the Cloud and comes with the 4BT-CE Cloud Cost Estimating Module.

Construction 264

Construction Estimating Comparison Forecasting 264

Job Order Contracting

JANUARY 21, 2020

Value-based construction planning, procurement, and project delivery can consistently enable quality projects, on-time and on-budget. PROCESS – LEAN planning, procure, and project delivery is a requirement. The post Value-based Construction Planning, Procurement, and Project Delivery appeared first on 4BT.

Procurement 155

Procurement Plans CSI Construction 155

Job Order Contracting

AUGUST 17, 2020

Collaborative LEAN Construction Planning Procurement Project Delivery Solution. The post Announcing an Innovative LEAN Construction Planning Procurement Project Delivery Solution Solution appeared first on 4BT. Remove the traditional silos and no longer depend upon inefficient and antagonistic construction delivery methods.

Procurement 149

Procurement Innovation Plans Construction 149

HardHatChat

SEPTEMBER 26, 2018

For example, if the property has a zero-lot-line, or if it is part of a commercial strip next to a residential area, that will impact everything from deliveries to scheduling – all of which will factor into planning and overall cost. If You Need Rough Budgeting Across Multiple Cities. If You Need Rough Budgeting Across Multiple Cities.

Commercial 410

Commercial Contractors Construction Budget 410

Job Order Contracting

JULY 22, 2020

Adaptive Lean Construction Planning, Procurement, and Project Delivery tools and services are readily available to assure the consistent delivery of quality repair, renovation, maintenance, and new construction projects on-time and on-budget. Recognition and leverage of the expertise of those actually doing the work is the norm.

Procurement 147

Procurement Plans Construction Bidding 147

Job Order Contracting

MAY 3, 2020

Improving construction planning, procurement, and project delivery involves consideration of core “competencies”, “process”, “efficiency”, and “technology” Or, put another way, People, Process, Information, and Technology. BIM is not a solution, but a tool. ” Henry Ford.

Procurement 151

Procurement Plans Construction BIM 151