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Connected Construction: How Technology Is Transforming the Construction LifeCycle Explore how connected construction breaks down silos processes mhodges Mon, 04/03/2023 - 14:54 The construction business has long been plagued by siloed processes and phases that hamper collaboration.
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.
As a business owner, it is important to understand which cycle you are presently in, as it determines how you approach growth, helps pinpoint your most comfortable financial options and reveals your risk tolerance level.
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. ■
Shared, performance-based risk/reward. Life-cycle Management. COBie is an information exchange specification for the life-cycle capture and delivery of information needed by facility managers. Here, a somewhat pervasive focus upon first-costs versus life-cycle costs must be addressed and altered.
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?
Define estimate’s purpose ■ Determine estimate’s purpose, required level of detail, and overall scope; ■ Determine who will receive the estimate Develop estimating plan ■ Determine the cost estimating team and develop its master schedule; ■ Determine who will do the independent cost estimate; ■ Outline the cost estimating approach; ■ Develop the estimate (..)
Shared profit and risk and jointly developed project goals and values are keystones for team alignment for any project. The ultimate benefit provided by integrated construction planning, procurement, and project delivery solution is significantly improved life-cycle total cost of ownership asset management. Team Selection.
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.
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. michael.delros…. Tue, 03/03/2020 - 19:28. GCP Applied Technologies. March 03, 2020. return to top. Concrete admixtures. Water reducer.
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 journey towards efficient life-cycle management of the built environment, carbon literacy, and LEAN process is not easy. Conclusion.
Benefits of LEAN integrated project delivery … Demonstrate cost effectiveness to management, clients, building users… Defined best value acquisition strategy Integrated program and project management Common data environment, language, and shared locally researched detailed construction cost data Risk reduction Integrate previously fragmented (..)
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.
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.
In general, real property owners lack an understand of facilities life-cycle and LEAN construction best management practices. Facilities life-cycle and LEAN construction best management practices … Collaboration will ALL project participants and stakeholders. Shared risk/reward. Financial transparency.
Risk and Uncertainty: Costs should be determined for uncertainties within an estimate. There should be a disciplined and comprehensive method of assessing and reassessing project risk and uncertainty. Costs that are unknown and costs associated with potential risks can be included in the form of a contingency amount.
I’d like to learn more… ACCURATELY Forecast Risk Centralizing Program Management, Contract Management, Proposal/Bid Management, Project Management, Work Order Management, Document Management, Team Management… provides an accurate view of overall performance, financial health and real-time insight into cost-related risks.
BIM Model Integration, also in a federated form, allows you to keep information connected to models, driving significant time savings and the reduction of the risk associated with the inability to access current actionable information. This makes it easy to manage assets and components throughout their full life-cycle.
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.
The path to best value facilities requires competency in both life-cycle total-cost-of-ownership asset management and LEAN construction planning, procurement, and project delivery. Best value FM will remain an elusive goal for public sector real property owners until a transformation of basic management practices takes place.
Single long-term, multi-party agreement with associated Operations Manual / Execution Guide Owner leadership Mutual trust/respect Shared risk/reward Full financial transparency – inclusive of locally researched detailed unit price book / cost database Mandatory collaboration Mandatory initial and ongoing training for all participants Continuous (..)
Mutual trust/respect Shared risk/reward Performance-based reward system Longer-term relationships Life-cycle cost goal versus first cost consideration only Enabling technology. What are the time, cost, and risk implications associated with each of the IDIQ procedures? Via Four BT, LLC (www.4bt.us)
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 Smarter, faster, better…. CM , and other “traditional” methods. Benefits of Alternative Project Delivery.
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.
Risk Mitigation. Integration with internal processes to drive enhanced life-cycle asset total cost-of-ownership management. Time Savings – Faster Project Delivery Times. Improved Quality and Satisfaction. Compliance. Access to more dependable contractors and long term relationships. Improved Sustainability. contact-form].
Shared risk/reward. Significantly improving facility life-cycle repair, renovation, and new construction outcomes is both possible, and easily implemented IF owner leadership and competency are present. Are you interested in improving your life-cycle facilities management outcomes? Mutual respect and trust.
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.
Life-cycle asset management focus versus myopic first cost driven decision-making. Innovative procurement and management models with balanced risk sharing. Front-loaded, cost transparent, project planning within a comment data environment (CDE). A common and appropriate framework for project management.
Robust LEAN planning, procurement, and project delivery methods such as Integrated Project Delivery and Job Order Contracting (1) Define the goal and review alternatives for reaching it in a detailed and fully transparent manner, (2) Establish priorities and goals within an environment of shared risk and reward (3) Follow defined processes and workflows (..)
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. Facilities Lifecycle Management requires increased competency on the part of facilities owners and facilities management.
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. LEAN Infrastructure Asset Management. Educating all real property owners and service providers in this regard is critical.
The primary challenges facing the AECOO sector are due to lack of owner leadership and competency… The adoption of BIM as a tool to efficiently manage the life-cycle of built structures requires a full understanding of LEAN collaborative processes as they apply to asset total cost of ownership. The buck stops with owners.
Shared Risk/Reward. Life-cycle versus first-cost perspective. Measurable performance standards and incentive-based vendor performance. Joint work scope development. Financial visibility and transparency. Open approach leveraging best management practices and standards. Supporting collaborative technology. Continuous Improvement.
based on mutual trust/respect and shared risk/reward, ? an effective method of reducing the life-cycle cost of a building and/or built structure, ? What is a Good JOC Program ? A Good JOC Program is … ? proactive, ? a team effort , ? money well spent, ? in the best interest of taxpayers, ? financially transparent.
Gain better cost visibility and control, and shorten project delivery times… all while while minimizing risks and adapting to facilities management requirements. Simply a better, more efficient wayt for working through the use of more standardized processes, information, and ongoing training. Learn more… [contact-form].
Information must be shared through the facility life-cycle process among ALL stakeholder from initial conceptualization thru funding, design, procurement, construction, project management, close-out, warranty, and decommissioning/recycling. It’s time to change this.
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.
We previously reported in 2018 on these unreliable data and made 15 SMS is a tool for asset life-cycle management that produces multi-year condition trends and investment requirements. There are specialized SMS modules, such as BUILDER (buildings), RAILER (rails), ROOFER (roofs), and PAVER (pavements).
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. . .
But regular readers of this blog will know that we believe any business claiming “zero” anything is indefensible, fraught with risk and likely to lead to litigation. a lot less than zero risk) as a level of exposure that would cause no more than 1 extra case of cancer in 100,000 people over a 70 year lifetime.
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. Figure 1 LEAN [1] Asset Life-cycle Management. Shared Risk/Reward. Introduction.
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. Long-term relationships.
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