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Challenge and Improve Construction Cost Estimating

Job Order Contracting

Challenge and improve construction cost estimating methods by enhancing data and ensuring process standardization. Improving construction cost estimating data and processes are central to significantly enhancing cost visibility and cost management. Robust Construction Cost Estimating Requirements: #1. Leadership support.

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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. The goal should be to create reliable and verifiable constructon Estimating Process based on the best available data.

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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

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 4 Is the cost estimate organized using a standard data architecture (i.e.

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Construction Cost Estimating Factors

Job Order Contracting

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. CORE PRINCIPLES.

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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.

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Construction Cost Management Methods – Public Sector

Job Order Contracting

The data should then be made available to both public and private sector audiences to leverage the latest methods and tools supporting optimal project planning, costing, procurement, delivery, and lifecycle management. 4 Detailed – Data is presented at a granular level sufficient to support line item estimating. #5