Remove Estimating Remove General Contracting Remove Quality Assurance
article thumbnail

Construction Cost Optimization

Job Order Contracting

Since other levels or types of cost estimating can’t meet this level, care should be given as to what form of cost data is being use. In the public sector, federal government contracts may require Davis Bacon Wage Rates or prevailing wage rates, or both, with the usage of the higher of the two.

article thumbnail

2020 Guide to Construction Cost Estimating

Job Order Contracting

2020 Guide to Construction Cost Estimating provides a road map for applying best management practices necessary to drive financial visibility and transparency. Since other levels or types of cost estimating can’t meet this level, care should be given as to what form of cost data is being use. General Conditions. Introduction.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Accounting Explained: Key Terms, Tools, and Techniques

Buildern

Construction accounting typically relies on two revenue recognition methods: Percentage of Completion (POC) for ongoing projects and the Completed Contract method for simpler and smaller projects. Retainage implies holding back a percentage of payments until project completion to ensure quality and compliance.

article thumbnail

LEAN construction cost estimating

Job Order Contracting

LEAN Construction Cost Estimating Drives Optimal Performance. Currently available robust LEAN construction estimating, procurement, and delivery processes, services, and tools, make it possible to consistently deliver quality projects on-demand, on-budget, and on-time. Written operations manual and/or execution guide.

article thumbnail

Unlock Public Sector Construction Productivity – A White Paper

Job Order Contracting

Robust tools and processes have existing for decades that can assure quality repair, renovation, maintenance, and new builds are consistent delivered on-time and on-budget. Two of these solutions are Integrated Project Delivery (IPD) and Job Order Contracting (JOC). LEAN Job Order Contracting is now available.

article thumbnail

Introduction to Current Construction Cost ESTIMATING Techniques 

Job Order Contracting

Introduction to Current Construction Cost ESTIMATING Techniques . Robust construction cost estimating is critical to improving productivity, quality, delivery times, cost control, and overall satisfaction for any renovation, repair, or new project. ESTIMATING FORMATS. TYPES OF ESTIMATING & ESTIMATES.

article thumbnail

Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

Army Job Order Contracts fail to meet critical AFARS requirements most of the time. The J OCPB (JOC Price Book: reflects the current local costs in detail for construction tasks expected to be performed in the geographical area of the base contract with the primary use of developing a detailed line-item price. 5117.9001 Definitions.

Contracts 105