Remove Change Management Remove Estimating Remove Procurement
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Infrastructure costs keep rising. Consider these approaches to mitigate them.

Civil + Structural Engineer

Public owners have become more aware of the importance of risk management and its impact on their programs. This reduced competition has led to bid prices significantly above independent cost estimates, forcing agencies to either secure additional funding, scale back project scope or delay projects.

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Cost reliability and transparency in your Construction Estimating Process

Job Order Contracting

Remember: Striving for construction cost reliability and transparency in your construction estimating process, rather than absolute accuracy, will lead to more effective project management and ultimately, better results. Regularly update your cost data, quarterly is recommended, and monitor trends to ensure appropriate changes.

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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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Active Construction Cost Management – Government, Healthcare, Education, Transportation

Job Order Contracting

Active Construction Cost Management is important to any repair, renovation, maintenance, or new build activity. Questions every real property owners should ask before procuring a repair, renovation, maintenance, or new build service. #1 1 Can I objectively validate the cost estimate? #2 2 Is the cost estimate objective? #3

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FAST and RELIABLE Cost Estimates

Job Order Contracting

Finally, FAST and RELIABLE Cost Estimates for construction, renovation, repair, and maintenance are now possible with 4BT’s local market detailed cost data! Support LEAN and Value Management Principles: Enable waste reduction, value generation, and continuous improvement by providing verifiable and actionable data.

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Construction Cost Estimating Lunacy!

Job Order Contracting

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! That is a known standard/datum.

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Valid Construction Cost Estimate Creation

Job Order Contracting

Valid construction cost estimate creation is the goal of every professional estimator. Nonetheless validity of a construction cost estimate is critical to cost management. The management of a cost estimate involves updating costs with current data as it becomes available and revising the estimate to reflect changes.