Construction Dive

JUNE 30, 2025

Skip to main content Dont miss tomorrows construction industry news Let Construction Dives free newsletter keep you informed, straight from your inbox. When it comes to constructing and renovating hospitality facilities, prioritizing the guest experience is paramount.

Schedule Management 213

Schedule Management Quality Control Infrastructure Development Project Management 213

Job Order Contracting

DECEMBER 17, 2024

Improve construction cost visibility and management with a LOCAL, CURRENT, OBJECTIVE, and VERIFIABLE Comprehensive Unit Cost Database with 90,000 granular construction tasks including labor, material, equipment, and productivity details. The post Comprehensive Unit Cost Database – Construction appeared first on 4BT.

Estimating 97

Estimating Schedule Management Construction Equipment Facility Management 97

Job Order Contracting

NOVEMBER 17, 2024

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

Construction Management 75

Construction Management Estimating Procurement Change Management 75

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?

Estimating 59

Estimating General Contracting Government Works Building Performance Measurement 59

Job Order Contracting

MARCH 20, 2025

Finally, FAST and RELIABLE Cost Estimates for construction, renovation, repair, and maintenance are now possible with 4BT’s local market detailed cost data! commerical cost Construction cost data must be valid, reliable, and verifiable to objectively and realistically represent current local market conditions.

Estimating 59

Estimating Project Management Lean Construction Change Management 59

Job Order Contracting

APRIL 26, 2025

Construction Value Engineering and Cost Estimating go hand in hand. Arguably Integrated Project Delivery , Collaborative Job Order Contracting , Alliance Partnering, and similar project delivery methods represent value engineering applied to built environment repair, renovation, maintenance, or new construction projects.

Estimating 52

Estimating Engineering Construction Equipment Project Management 52

Job Order Contracting

NOVEMBER 7, 2022

Valid construction estimates are based on processes and procedures, however, most organizations rely upon dated, ineffective methods. Cost and time estimates are imperative to the success of any construction project, both during construction and throughout the project life. 2 Detailed line item estimating.

Estimating 104

Estimating Procurement Project Management Construction Management 104

Job Order Contracting

NOVEMBER 16, 2024

The underutilization of robust construction cost management methods continue to drive high levels of waste across virtually all public sector organizations. Metrics for a Construction Cost Database #1 Verifiable – All components are traceable, including labor, material, and equipment costs. #2

Construction Management 98

Construction Management Facility Management Construction Equipment Project Management 98

Job Order Contracting

JUNE 1, 2022

Construction Cost Estimating Factors 2022 – Construction Cost Estimating Factors that determine validity, transparency, and level of cost management capability. An estimate is no better than its basis. An estimate is a prediction and carries uncertainty. An estimate is a decision-making tool.

Estimating 105

Estimating Lean Construction General Contracting Procurement 105

Job Order Contracting

APRIL 26, 2022

Unit price construction cost estimating is the foundation of every reliable cost determination prior to procurement. Systems level estimating, historical data, assemblies, or square foot calculations should never be exclusively used to procure a repair, renovation, maintenance, or new build service. Contact Us.

Estimating 105

Estimating Procurement Foundation Systems Insurance Management 105

Job Order Contracting

MARCH 3, 2022

Savvy owners and design builders know how review construction cost estimates. The process is collaborative and involves cost estimators, facilities management, and procurement professionals. The post How to Review Construction Cost Estimates appeared first on 4BT.

Estimating 105

Estimating Facility Management Construction Equipment Procurement 105

Job Order Contracting

AUGUST 15, 2024

Isn’t it time for owners, designers, engineers, and builders to STOP thinking about accurate construction cost estimates? The fact of the matter is that there is no such thing as an “accurate construction cost estimate” Measuring accuracy requires a reliable reference point or datum.

Estimating 98

Estimating Construction Equipment Procurement Building Materials 98

Job Order Contracting

MAY 24, 2023

Construction Cost Estimating Facts Construction Cost Estimating Facts #1 There is no such thing as an “accurate cost estimate” Beware of any so called expert, estimating firm, or vendor using the term. #2 2 Construction cost estimating is NOT an art.

Estimating 98

Estimating Material Handling Schedule Management Change Management 98

Job Order Contracting

NOVEMBER 15, 2024

Guide to Construction Cost Optimization provides a road map for applying best management practices necessary to drive financial visibility and transparency. Introduction Objective, verifiable, and locally researched detailed line-item unit price construction data provides the highest level of cost visibility and cost management capability.

Insurance Management 98

Insurance Management General Contracting Building Materials Manufacturing Lean Construction 98

Job Order Contracting

APRIL 3, 2021

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Uniformat level and/or assembly level, or building level cost data is useful for budgeting purposes only, and should not be used for bidding, procurement, and execution actual projects with builders, construction managers, etc.

Estimating 95

Estimating Procurement Lean Construction Construction Equipment 95

Job Order Contracting

JUNE 27, 2024

It’s time to relearn construction cost estimating. Before relearning construction cost estimating, it’s important to hit your resent button. Work as part of an integrated planning, procurement, and project delivery team. Certainly its not the final construction cost. Tech is an enablers.

Estimating 98

Estimating Project Management Consulting Procurement Facility Management 98

Job Order Contracting

MARCH 21, 2022

Should Areas Cost Factors be used for Construction Cost Estimating? As a result, more than 40 years after the introduction of area cost factors (ACFs), the federal government is no closer to its goals of having construction cost estimates match actual construction costs, or properly adjusting for regional (location based) variances.

Estimating 105

Estimating Procurement Lean Construction Construction Equipment 105

Job Order Contracting

FEBRUARY 28, 2025

Centralized Timely Construction Cost Data is a “single source of truth” that is mandatory for improving cost visibility and management for any repair, renovation, maintenance, or new build project. contact-form] The post Centralized Timely Construction Cost Data appeared first on 4BT.

Procurement 78

Procurement Lean Construction Risk Management Project Management 78

Job Order Contracting

FEBRUARY 21, 2025

The availability of current, local market, detailed construction task data makes evaluating subcontractor bids an easy task. Simply build the subcontractor estimate using objective, verifiable local market construction cost data and compare costs. Ensure all construction cost estimates are both VALID and RELIABLE.

Estimating 75

Estimating Construction Equipment Procurement Building Materials 75

Job Order Contracting

SEPTEMBER 18, 2023

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. The estimating process begins with a comprehensive understanding of your project’s scope of work. Costs must be current, objective, and locally reserached.

Estimating 98

Estimating Material Storage Building Standards Building Permits 98

Job Order Contracting

DECEMBER 7, 2020

Collaborative construction cost estimating provides guidance to organizations seeking improved cost visibility and transparency for repair, renovation, maintains and new build projects as well as overall facilities and physical infrastructure management. Workflows, forms, sign offs, etc.

Estimating 85

Estimating Collaboration Integrated Project Delivery (IPD) Lean Construction 85

Job Order Contracting

MAY 4, 2023

The validity of a construction cost estimate, the most important aspect, is often overlooked and resulting in billions of dollars was every year. A construction cost estimate must be independently validated. Key Principles There are key principles that should be adhered to when preparing a construction cost estimate.

Estimating 98

Estimating Project Management Consulting Cost Control Construction Equipment 98

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. applied to a outdated cost estimate will introduce significant error. Primary data sources should be used whenever possible.

Estimating 98

Estimating Structural Systems Schedule Management Risk Management 98

Job Order Contracting

MARCH 17, 2021

Reliable construction cost estimating is important to real property owners, facilities management professions, architects, and engineers. If a job is estimated correctly all parties should have a detailed understanding of the scope of work, costs, time, labor, and materials required.

Estimating 80

Estimating Quality Assurance Procurement Building Materials 80

Job Order Contracting

FEBRUARY 17, 2025

It is the foundation of any repair, renovation, maintenance, or new build activity throughout associated planning, procurement, and project delivery. Reliable construction cost data has the following characteristics. Therefore, granular construction task level information is the most reliable cost data for owners and design-builders.

Estimating 59

Estimating Property Management Building Optimization Procurement 59

Job Order Contracting

APRIL 29, 2020

Detailed line item construction cost estimating is a prerequisite to obtaining best value outcomes for facilities / built infrastructure repair, renovation maintenance, sustainability, and new construction projects. see LEAN construction guide ). see LEAN construction guide ). appeared first on 4BT.

Estimating 76

Estimating Lean Construction Procurement Schedule Management 76

Job Order Contracting

JULY 10, 2025

The Critical Role of Pre-Construction in Success Pre-construction is the phase of a project where the greatest influence on cost, schedule, and quality outcomes can be achieved. 50 divisions, 16-digit level detail) Using objective cost data ensures transparency, minimizes scope creep, and enables verifiable cost estimation and control.

Integrated Project Delivery (IPD) 52

Integrated Project Delivery (IPD) Lean Construction Cost Control Schedule Management 52

Job Order Contracting

JULY 19, 2020

2020 Guide to Construction Cost Estimating provides a road map for applying best management practices necessary to drive financial visibility and transparency. Locally researched detailed line item unit price construction data provided the highest level of verifiable and transparent information. Equipment Costs.

Estimating 85

Estimating General Contracting Building Materials Manufacturing Insurance Management 85

Job Order Contracting

JULY 1, 2025

A reliable Construction Cost Analysis requires objectivity, currency, and detailed research of the local market. They are not intended to be used when preparing appropriation-quality estimates. They often are applied to conceptual estimates for identifying “go/no-go” projects at an early stage.” Peitlock, B.A., Martinez, A.,

Estimating 52

Estimating Cost Control Project Management Quality Control 52

Job Order Contracting

FEBRUARY 19, 2021

Reliable construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build project. Reliable Construction Cost Estimating. In theory, all groups should share the same need; to determine the cost for a planned construction activity. Learnings.

Estimating 71

Estimating Procurement Building Materials Maintenance 71

Job Order Contracting

MAY 5, 2023

Construction cost management capabilities are critical to the success of any repair, renovation, maintenance, or new build activity. That said 80%+ of all projects are late or overbudget largely due to an inadequately detailed and poorly communicated Scope of Work (SOW) and associated cost estimate. 2 Is the cost estimate objective? #3

Construction Management 105

Construction Management Estimating Procurement Change Management 105

Job Order Contracting

APRIL 15, 2021

I always tell owners, builders, architects, and engineers to forget construction cost estimating accuracy. I would also avoid estimators and, or cost data providers that claim to provide accurate construction cost estimates. There is no such thing as an accurate construction cost estimate.

Estimating 66

Estimating Integrated Project Delivery (IPD) Procurement Lean Construction 66

Job Order Contracting

JUNE 2, 2022

Construction Cost Management = Transparency and Credibility. Is your construction cost estimate… Comprehensive? An estimate is no better than its basis. An estimate is a prediction and carries uncertainty. An estimate is a decision-making tool. Variations in an estimate can be found in the basis.

Construction Management 105

Construction Management Lean Construction Estimating General Contracting 105

Job Order Contracting

FEBRUARY 27, 2020

Best Value Facilities Construction/O&M Planning, Procurement and Project Delivery can only be achieved with a concerted focus upon change management, education, and leadership. via Four BT, LLC, the AEC industry’s innovative LEAN construction collaboration services, construction cost data, and SAAS technology provider.

Procurement 71

Procurement Lean Construction Facility Management Change Management 71

Job Order Contracting

FEBRUARY 20, 2021

Over eighty percent (80%) of construction projects are over-budget, late, or not competed correctly. Fortunately there are proven processes to better manage construction costs, schedules, and quality. 10% are due to equipment and/or materials delays, most off which could have been foreseen. Better Manage Construction Costs.

Schedule Management 93

Schedule Management Construction Management Lean Construction Building Information Modeling (BIM) 93

Job Order Contracting

MARCH 7, 2025

Granular Local Market Cost Data is Essential for Cost Visibility & Management (Repair, Renovation, Maintenance, & New Builds) Using current, verifiable, and detailed local cost dat a instead of national averages with adjustment factors ensures: Cost transparency All labor, material, and equipment costs are broken down and verifiable.

Construction Management 59

Construction Management Cost Control Change Management Estimating 59

Job Order Contracting

OCTOBER 1, 2022

Without granular, line item Local Market Construction Cost Data you can’t have a verifiable estimate. Construction, Renovation, Repair, and Maintenance Costs – RELIABLE Local Market Construction Cost Data is now available, and updated quarterly, without any factoring. Copy/paste estimates. Compliance.

Cost Control 105

Cost Control Project Management Consulting Estimating Building Controls 105