Job Order Contracting
NOVEMBER 17, 2024
1 Can I objectively validate the cost estimate? #2 2 Is the cost estimate objective? #3 3 Does the cost estimating include all granular construction tasks and quantities, including labor, material, equipment, and productivity representing current local market conditions. #4 let’s talk.
Job Order Contracting
APRIL 7, 2025
What is an Independent Government Cost Estimate? An IGCE (also in construction related service an IGE) is a cost estimate developed by the Government Requiring Activity, based on the requirements of the Performance Work Statement (PWS) or Statement of Work (SOW). How was the estimate made? What assumptions were made?
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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.
Construction Business Owner
DECEMBER 30, 2020
State departments of transportation (DOTs) are responsible for building and maintaining critical infrastructure across the country and finding new and innovative ways to address the demands of future growth on the nation’s roads and bridges. And their jobs have only become more challenging.
Job Order Contracting
FEBRUARY 28, 2025
Sustainable management of the built environment, buildings, utilities, transportation, site, whether public- and private-sector begins with a single source of truth, and great teams of owners and design-builders across disparate domains.
Job Order Contracting
AUGUST 19, 2020
Issues with Construction Cost Indexes, Location Factors, and Cost Estimating for IDIQ and JOC impact cost visibility and transparency. The post Issues with Construction Cost Indexes, Location Factors, and Cost Estimating for IDIQ and JOC appeared first on 4BT. References.
Job Order Contracting
FEBRUARY 3, 2025
The industry average of 25% largely reflects the inefficiencies in bid preparation, lack of trust in cost estimates, and inconsistencies in pricing. Enhanced Credibility : Using objective, third-party data builds trust with clients, as it demonstrates a commitment to transparency and fairness in cost estimation.
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