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Job Order Contracting Life-cycle Facilities Value Management and improving AECOO outcomes for all participants and stakeholders. Job Order Contracting Life-cycle Facilities Value Management enables the efficient use of available funds targeted for executing renovation, repair, maintenance, and minor new construction projects.
Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point estimate. ■ Monte Carlo simulation) to develop a confidence interval around the point 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. The reliance on outdated information (more the three month old) can introduce significant error. Primary data sources should be used whenever possible.
How a company assesses and plans for climate-related risks may have a significant impact on its future financial performance and investors’ return on their investment in the company. The Securities and Exchange Commission (SEC) proposal to require that public companies disclose climate-related information. Is your organization ready?
Shared, performance-based risk/reward. Decision support based upon current and actionable information. Specific to O&M, LEAN practices help provide a framework to integrate and maximize the capabilities of available people, processes, information, and technology to address ongoing facilities requirements, (see below figures).
Also, over the life-cycle of a building, a sustainable, high-performance building will win on ROI every time as only 10%-20% of life-cycle cost go into construction, vs. operations, maintenance, etc. Efficient ongoing life-cycle management of facilities is the key to sustainability. Why not?
Robust, integrated LEAN asset planning, procurement, and project delivery solutions are readily available to establish efficient physical asset lifecycle management programs. Adopting proven LEAN strategies and processes enables better risk assessment, financial visibility and control, and superior implementation planning.
Full project life-cycle management and control from concept thru warranty, shared with all internal and external stakeholders. Simply a better, more efficient wayt for working through the use of more standardized processes, information, and ongoing training. ss value expected from its digital transformation.”.
Fundamentals of LEAN facilities and asset management… Knowledge & Practices, Competences, Standards, Workflows, & Metrics. The post LEANbuild(TM) Integrated Project Delivery Solution appeared first on 4BT.
Structured collaboration of the work group allows the administrator to give each team member access to information and functions related to the their roles and activities. Manage project teams Internal and external team members gain instant authorized access to current information to share and manage tasks and solve problems.
Labor, material, and equipment costs, as well as productivity information should be provided and all based upon current local market conditions. Basis of a Cost Estimate : Estimates should be developed using the best information available. Risk and Uncertainty: Costs should be determined for uncertainties within an estimate.
Ready mix concrete lifecycle. Some ready-mix concrete producers use mid- or high-range water reducers to the mix to help mitigate these risks. Ready mix concrete lifecycle. Tips and other helpful information that support ready-mix producers from batching to pouring, and everything in between.
Reducing the Major Risks Associated with Public Sector Construction. LEADERSHIP with respect to CHANGE MANAGEMENT, and overall physical asset total-cost-of-ownership management competency are the most important requirements to achieving efficient life-cycle management of the built environment. Mutual Trust/Respect. Compliance.
Successful Construction Project Delivery, whether repair, renovation, maintenance, or new builds, can only be consistently achieved with a primary focus upon People… then Process, Information, and enabling Technology. Who can offer change ideas (informally and formally)? What information is used in the process?
BIM (Building Information Modeling) is the life-cycle management of the built environment supported by digital technology. Further life-cycle management of the built environment requires significant “change management” in most organizations whether Owners, AEs, Contractors, Oversight Groups, etc.
Key Topics / Take Aways: Identify and advance technologies, processes, and management practices that improve the performance of federal facilities over their entire life-cycle, from planning to disposal. Facility risks to Organizational Mission. Expected Life-cycle and Deterioration Rates for Physical Assets.
This, in turn, requires owner leadership and competency with respect to the integration of People, LEAN Processes, Information, and Technology. Parties engage in a single overall program and contract which outlines roles, responsibilities, workflows, information, deliverables, etc., McKinsey & Company 2020.
What are Facility/Infrastructure LifeCycle Costs? What is life-cycle management? Is BIM the life-cycle management of the built environment supported by digital technology? What are the benefits of life-cycle cost management vs. a “first-cost” focus? Answers to the above: 1.
What are Facility/Infrastructure LifeCycle Costs? What is life-cycle management? Is BIM the life-cycle management of the built environment supported by digital technology? What are the benefits of life-cycle cost management vs. a “first-cost” focus? Answers to the above: 1.
Alternative Project Delivery (APD) offers the opportunity delivers significant added value versus traditional design-bid-build, design-build, Construction Management at Risk (CMAR), Agency?CM LEAN Construction is the integration of people, process, information, and technology to drive mutually beneficial best value outcomes.
First and foremost, current, objective, and actionable information is needed. Information must be obtained from independent resources as well as internal knowledge in order to assure credibility. Further, information must be presented with the appropriate level of detail and in the proper manner for the intended audience.
LEAN asset management is simply defined as best value life-cycle management of the built environment, inclusive of buildings, roadways, utilities, transportation systems, bridges, dams, and landscapes. It integrates people, process, information, and technology to consistently deliver best value LEAN asset management outcomes.
This necessitates a deeper and more widespread awareness and understanding of human behaviors, organizational productivity drivers, as well as the concepts of life-cycle management of the built environment. The need for Change Management.
Task Orders are focused upon and emphasize outcomes, repeatable processes, standardized information, and expected quality results rather than excessive management and control versus ‘ad-hoc’ traditional methods. Shared Risk/Reward. Life-cycle versus first-cost perspective. Joint work scope development.
BIM, the life-cycle management of the built environment supported by digital technologies, holds promise, yet remains elusive to many. and a shared set of goals, as well as risk/reward among project participants. Building Information Model: The DIGITAL REPRESENTATION of physical and functional characteristics of a facility.
See asset life-cycle model… A total cost of ownership perspective is also required as opposed to the more prevalent practice of first-cost dominance. Transparency – Appropriate access to cost information, and associated comparison to published independent third-party costs, such as RSMeans Construction Cost Data.
Life-cycle reduction of environmental and economic costs associated with the built environment is not “rocket science” Proven methodologies and tools have existed for decades. Teams that share information, risks and rewards. Teams that are interested in building term relationships and long term value.
Open collaboration between real property project owners and service providers (architects, engineers, builders…) throughout the life-cycle of assets, programs, and projects is a fundamental outcome of using the OpenJOC(TM) Collaborative Construction Delivery Platform. . .
Forget 3D visualization, life-cycle management of the built environment supported by digital technology, BIM, is all about people, process, and competency-centric technologies. Life-cycle strategy vs. first-cost. Shared risk-reward. . Life-cycle strategy vs. first-cost. Shared risk-reward.
These benefits are largely derived through the use of a common data environment, CDE, which dramatically improves communication and collaboration throughout the project life-cycle. A C ommon D ata E nvironment (CDE) is a strategic tool for sharing cost information and managing a team. Integrated project delivery method.
Traditional project delivery methods include, but are not limited to the following: construction management at risk (CMR), design-build (DB), and design-bid-build (DBB). Integrate People, Process, Information, & Technology. Project Delivery Method. Characteristics of Integrated Project Delivery. appeared first on 4BT.
It eliminates barriers to collaboration by supporting a wide variety of file types, including 3D and 2D formats, Microsoft 365 files, and even Point Cloud information. This makes Autodesk Docs a flexible tool for generating the Golden Thread of information crucial to project success.
BIM is the life-cycle modeling and management of the built environment supported by digital technology. Forget the 3D visualization distraction for a moment and let’s focus on the important component of the BIM acronym; the “I” for information. Accurate, timely information is required for sound decision-making.
A CDE allows real property owners, facilities managers, building users, AE’s, and builders to share current and actionable information throughout the life-cycle of any program or projects, from concept, through warranty and beyond. Shared risk/reward. Ongoing training. Continuous improvement. Focus upon outcomes.
Real property owners and facility managers/operates must communicate: What they want in terms of outcomes and deliverables (including information), How they want it, When they want it, How much they will pay for it, and. What happens if they don’t get it.
LEAN Job Order Contracting deployed via the OpenJOC Solution, requires collaboration, financial transparency, shared risk/reward, and mutual respect/trust among program participants. Collaboration – among all participants throughout the project life-cycle (Owners, Architects, Engineers, Contractors…). Shared risk/reward.
Until Owners and Facilities Management improves their leadership skills and overall competency with respect to life-cycle management of the built environment, waste and low productivity will remain rampant in the construction sector. Shared Risk/Reward. Mutual Respect & Trust. Financial Transparency. Best Value Procurement.
Common Data Environment (CDE) – Use a unit price book that outlines and details ALL required construction tasks, inclusive of labor, material, and equipment information. Assure that the relationships are mutually beneficial and based upon shared risk/reward. Costs should be locally researched. Learn more? contact-form].
Our team brings together the best of the best in construction cost estimating, LEAN construction management, and facilities capital planning to provide the next generation of cost information and productivity tools. Assure that everyone is working on the same current information. Mitigate variance and risk!
Many commercial real property owners and facilities managers will require building competencies in all aspects of built environment life-cycle management. Leverage of current actionable information and tools to support decision-making. Best value, collaborative LEAN construction delivery methods.
Shared, performance-based risk/reward. Decision support based upon current and actionable information. Life-cycle Management. The Construction Operations Building information exchange (COBie) has become one of the most widely known data formats. Building Information Modeling (BIM) (Model & Management Systems).
Shared risk/reward. Established life-cycle based Facilities Management Policy. Risks & Opportunities. Information Requirements. Common terms, definitions, and data architectures (i.e. MasterFormat is an example of a data architecture). Financial transparency (i.e. Continuous improvement. FM Objectives.
Here are a few lessons learned with respect to improving construction productivity, and overall life-cycle management of the built environment. Common Data / Information Environment (examples- Uniformat, Masterformat, Omniclass), Work Breakdown Structure, Common Line Item Cost Data. Shared Risk/Reward. Collaboration.
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