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How to Create an Independent Government Cost Estimate

Job Order Contracting

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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Facility Condition Assessment Data Can Help Reduce Carbon Footprint

BDC Network

Facility Condition Assessment Data Can Help Reduce Carbon Footprint 1 kcichowicz Tue, 10/15/2024 - 10:59 Facility condition assessments provide powerful insight into your buildings and offer an ideal vehicle to advance resiliency and decarbonization goals. Your portfolio is more than just space—it plays a vital role in the global ecosystem.

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Navigating the UK’s 2025 Building Regs: What Contractors Need to Know

UK Construction Blog

The post Navigating the UKs 2025 Building Regs: What Contractors Need to Know appeared first on UK Construction Blog. Key Points The 2025 UK Building Regulations, under the Future Homes Standard, aim to reduce carbon emissions from new homes by 75-80% compared to 2013 standards, focusing on energy efficiency and low-carbon heating.

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Barrier breakthroughs: Achieving airtightness in modern construction

Construction Specifier

Photo courtesy Intertek As building codes and standards evolve, the demand for airtight, environmentally friendly building enclosures increases among building owners, insurers, and design professionals. Air barriers are essential for maintaining the integrity and performance of building enclosures.

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5 Financial Construction KPIs Every Contractor Should Track

Buildern

This may sound harsh, but as many contractors struggle with performance reviews, it is more than just a rhetorical question. These key performance indicators help contractors like you keep an eye on cash flow , profitability, and overall financial health. What Are Financial KPIs in Construction? But these five metrics?

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Construction Profit Margin vs. Markup: Guide for Contractors

Buildern

Profit Margin Markup Definition Profit as a percentage of revenue Profit as a percentage of cost Formula (Revenue – Cost) / Revenue 100 (Revenue – Cost) / Cost 100 Focus Bottom-line profitability Pricing based on cost Use Case Reporting, financial analysis Estimating, bidding Main Question How much profit do I keep?

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Best Practices for Financial Management in Construction Projects

Building Radar

Effective financial management in construction projects is crucial for ensuring profitability and sustainability in a highly competitive industry. Implementing tips for optimizing financial management in the construction industry can improve overall financial performance. It involves estimating all costs and setting financial targets.