Job Order Contracting

MARCH 30, 2022

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.

Estimating 105

Estimating Lean Construction Cost Control Building Performance Measurement 105

Job Order Contracting

APRIL 3, 2021

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Using the term “accurate” or “accurate costs” in conjunction with construction cost estimating is a fools errand. “ By definition, a construction cost estimate is an approximation.

Estimating 95

Estimating Procurement Lean Construction Construction Equipment 95

Job Order Contracting

NOVEMBER 17, 2024

1 Can I objectively validate the cost estimate? #2 2 Is the cost estimate objective? #3 3 Does the cost estimating include all granular construction tasks and quantities, including labor, material, equipment, and productivity representing current local market conditions. #4 let’s talk.

Construction Management 75

Construction Management Estimating Procurement Change Management 75

Job Order Contracting

MAY 28, 2024

The failure to use standard terms, definitions, and data architectures as well as objective local market data. Archaic cost estimation methods such as the use of historical data, lump sum subcontractor quotes, and/or national average cost data and location factors, area cost factors, and/or economic factors.

Estimating 97

Estimating Procurement Communication Architecture 97

The Constructor

APRIL 22, 2024

All formal scheduling procedures rely upon estimates of the durations of the various project activities as well as the definitions of the predecessor relationships among tasks. The post How to Estimate Duration of Activities in Construction appeared first on The Constructor.

Estimating 98

Estimating Project Management Construction Management 98

Civil + Structural Engineer

JULY 3, 2023

By Greg Norris, B2W Software Palmer Paving is no stranger to benefits of software technology, and a unified approach to estimating, performance tracking and accounting continues to pay dividends. Jim Madden, chief estimator Palmer Paving creates more than 500 estimates annually. Large bids are in the $10- and $20-million range.

Estimating 130

Estimating Structural Systems Construction Equipment Change Management 130

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. In other words, robust, LEAN process takes precedence for all associated projects.

Estimating 85

Estimating Collaboration Integrated Project Delivery (IPD) Lean Construction 85

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. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

Estimating 98

Estimating Structural Systems Schedule Management Risk Management 98

Job Order Contracting

NOVEMBER 16, 2024

. #3 Standardized , Easy to Understand, and Uniquely Identified – Common industry terms and definitions are used for all construction, repair, renovation, and maintenance task. 4 Detailed – Data is presented at a granular level sufficient to support line item estimating. #5

Construction Management 98

Construction Management Facility Management Construction Equipment Project Management 98

Construction Placements

FEBRUARY 24, 2024

The Definitive Guide to Construction Takeoff & Estimating Software Discover the top construction takeoff and estimating software solutions with our ultimate guide. The post The Definitive Guide to Construction Takeoff & Estimating Software appeared first on ConstructionPlacements.

Estimating 52

Estimating Project Management Construction Management 52

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

SEPTEMBER 8, 2020

Construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build, and the consistent achievement of best value outcomes. Levels of Construction Cost Estimates. The are many levels of construction cost estimates based upon a “project” life-cycle.

Estimating 71

Estimating Procurement Lean Construction Maintenance 71

Civiconcepts

JULY 14, 2021

The total area of the building including interior and exterior wall, measured at floor level of the basement or at any story including balconies, is defined … Plinth Area | What Is Plinth Area | Plinth Area Meaning | How to Calculate Plinth Area of a Flat | Plinth Area Estimate Read More ».

Estimating 105

Estimating Engineering 105

The Pro Builder

AUGUST 12, 2023

It doesn’t help that business media coverage of the topic estimates AI will eventually (and probably sooner than later) fully replace 25% of current jobs , while two-thirds of all jobs (roughly 300 million) will be affected by AI automation in some way. for now.

Building Automation 246

Building Automation Warranty Change Management Inspection 246

CivilJungle

FEBRUARY 27, 2021

Plinth Area Definition: The definition of the plinth area is that the plinth area is a total area captured by the building along with the interior or exterior wall and also known as the built-up area. Plinth Area Estimate: The plinth area length of a building should be calculated to adjacent 1 inch if the measuring unit is in feet.

Estimating 59

Estimating Painting/finishing Lifts Building Design 59

Civiconcepts

JULY 14, 2021

The total area of the building including interior and exterior wall, measured at floor level of the basement or at any story including balconies, is defined … Plinth Area | What Is Plinth Area | Plinth Area Meaning | How to Calculate Plinth Area of a Flat | Plinth Area Estimate Read More ».

Estimating 98

Estimating Engineering 98

Job Order Contracting

FEBRUARY 3, 2025

The industry average of 25% largely reflects the inefficiencies in bid preparation, lack of trust in cost estimates, and inconsistencies in pricing. Enhanced Credibility : Using objective, third-party data builds trust with clients, as it demonstrates a commitment to transparency and fairness in cost estimation.

Integrated Project Delivery (IPD) 59

Integrated Project Delivery (IPD) Estimating Building Materials Change Management 59

Job Order Contracting

JUNE 2, 2022

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. FACTORS IMPACTING AN ESTIMATE. Well-documented? CORE PRINCIPLES.

Construction Management 105

Construction Management Lean Construction Estimating General Contracting 105

Job Order Contracting

MARCH 24, 2020

-+. Construction Cost Estimating – LEAN. This paper ” Construction Cost Estimating-LEAN” discusses the positive impacts of collaboration, a common data environment, and locally researched detailed line item construction cost data. Failure to adapt to readily available, proven and robust cost estimating practices.

Lean Construction 55

Lean Construction Estimating Cost Control Property Management 55

Job Order Contracting

MAY 5, 2023

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. 1 Can I objectively validate the cost estimate? #2 2 Is the cost estimate objective? #3 4 Is the cost estimate organized using a standard data architecture (i.e.

Construction Management 105

Construction Management Estimating Procurement Change Management 105

The Constructor

APRIL 22, 2024

All formal scheduling procedures rely upon estimates of the durations of the various project activities as well as the definitions of the predecessor relationships among tasks. The post How to Estimate Duration of Activities in Construction appeared first on The Constructor.

Estimating 52

Estimating Project Management Construction Management 52

CivilJungle

OCTOBER 30, 2021

What Are Construction Cost Estimates? The construction cost estimate is defined as the predicted cost required to complete the construction of any particular project, which is prepared before the construction works are taken up. Purpose of Preparing a Cost Estimate. Types of Construction Cost Estimates. Detail Estimate .

Estimating 52

Estimating Cost Control Building Materials Building Design 52

The Constructor

APRIL 22, 2024

All formal scheduling procedures rely upon estimates of the durations of the various project activities as well as the definitions of the predecessor relationships among tasks. The variability of an activity's duration may also be considered.

Estimating 52

Estimating Project Management Construction Management 52

Building Radar

AUGUST 8, 2024

This article explores the definition of mobilization, its importance in construction projects, and how tools like Building Radar can support effective mobilization. This includes defining the scope of work, estimating resource needs, and creating a timeline for mobilization activities.

Site Planning 52

Site Planning Construction Equipment Risk Management Project Management 52

Job Order Contracting

AUGUST 11, 2018

To estimate, per the Merriam-Webster dictionary, is to produce a statement of the approximate cost. Construction cost estimators know there is a more to it than this definition indicates. Second, there is the estimating process and associated source materials. Estimate Considerations. Scope of Work. Quantities.

Estimating 40

Estimating Property Management Site Planning Facility Management 40

Job Order Contracting

MAY 11, 2023

Objectively VALIDATE Contractor and Subcontractor Construction Cost Estimates Construction cost management capabilities are critical to the success of any repair, renovation, maintenance, or new build activity. 2 Validating contractor estimates using a locally researched cost database can save 30%-40% of overall project costs. #3

Estimating 80

Estimating Risk Management Building Standards Project Management 80

ENR Construction

APRIL 12, 2021

offer for Suez propels truce; firms will reach definitive pact on May 14, with $44B in estimated combined global revenue. Sweetened $15.5B

Estimating 83

Estimating 83

Job Order Contracting

FEBRUARY 24, 2025

The use of industry standard terms and definitions as well as standardized data architecture play key roles in ensuring clear and detailed understanding of both technical and cost requirements. The creation and communication of a detailed Scope of Work are areas that can be greatly improved through standardization.

Building Standards 59

Building Standards Building Optimization Construction Equipment Architecture 59

CivilJungle

MARCH 4, 2022

What Is Estimation of Residential Building? Estimation of a residential building is basically a “ Bottoms Up” or “Prime Cost” which performed an analysis in detail and finally produce a product. Estimation actually calculates all the necessary values with a lower rate and higher amount, this method helps the owner.

Estimating 52

Estimating Building Performance Measurement Painting/finishing Flooring Systems 52

Autodesk Construction Cloud

DECEMBER 17, 2021

In an era of rising costs and new technology, here’s how to bring more accuracy to construction estimating. . When it comes time to kick off a new construction job, an accurate estimate is the first step toward project success. What is a Construction Estimate? Usually, an accurate estimate is set before you place a bid.

Estimating 52

Estimating Building Information Modeling (BIM) Building Automation Construction Equipment 52

Job Order Contracting

APRIL 26, 2018

JOC Unit Price Book Definition. Locally researched cost data (using a national average price book and associated localization factors for a JOC Program can introduce unacceptable errors in cost estimation)., The post JOC Unit Price Book Definition appeared first on 4BT.

Estimating 40

Estimating Collaboration Contracts 40

Job Order Contracting

AUGUST 15, 2023

3 High Granularity Line item discrete construction tasks represent the only methods from which quanities can be applied to then create an cost estimate ready for procurement analysis. #4 Construction Cost Data Integrity is one of the most overlooked items in preparing a detailed Scope of Work.

Architecture 98

Architecture Construction Equipment Procurement Estimating 98

Job Order Contracting

APRIL 26, 2024

Improving construction cost estimating requires collaboration, transparency, and a robust process. To efficiently share cost information, organize data in a standard architecture, such as expanded CSI MasterFormat, and use industry standard terms, definitions, and units of measure. Check it out!

Collaboration 97

Collaboration Estimating Construction Equipment Facility Management 97

Building Information Management

AUGUST 15, 2013

BIM Definition – Short – The life-cycle management of the built environment supported by digital technology. QTO, and an exclusively enhanced 400,000 line itme RSMeans Cost database.

Building Information Modeling (BIM) 74

Building Information Modeling (BIM) Integrated Project Delivery (IPD) Lean Construction Facility Management 74

Buildern

MAY 20, 2025

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?

Project Management Consulting 52

Project Management Consulting Cost Control Building Performance Measurement Project Management 52

Job Order Contracting

JULY 30, 2018

Detailed Line Item Construction Cost Estimating Matters a great deal to estimating, risk management, facilities management, and service providers (A/E’s, builders…). Building a trustworthy detailed line item estimate requires a knowledge of the following… Local labor costs and crew compositions. Learn more?

Estimating 40

Estimating Integrated Project Delivery (IPD) Lean Construction Construction Equipment 40

Job Order Contracting

SEPTEMBER 19, 2018

Definition of a construction cost estimate: An approximation of the monetary value for a repair, renovation, new construction, or related project or task at a specified point in time. A product of a defined cost estimating process that yields the intended level of detail for a project, task, and/or operation.

Estimating 40

Estimating Lean Construction Construction Equipment Project Management 40