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! The post FAST and RELIABLE Cost Estimates appeared first on 4BT. Learn Why 4BTs Data Structure Excels.

Estimating 59

Estimating Project Management Lean Construction Procurement 59

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

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. CORE PRINCIPLES.

Estimating 105

Estimating Lean Construction General Contracting Procurement 105

Job Order Contracting

AUGUST 3, 2022

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! – Oxford Languages.

Estimating 104

Estimating Change Management Procurement Project Management 104

Job Order Contracting

NOVEMBER 17, 2024

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.

Construction Management 75

Construction Management Estimating Procurement Change Management 75

Construction Enquirer

JUNE 16, 2023

The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. Abrahams MP said: “Small businesses are the backbone of the economy.

Procurement 288

Procurement Contracts Estimating 288

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 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

Civil + Structural Engineer

MAY 3, 2024

HeavyBid Pre-Construction allows pre-construction teams to create activities and bid items instantly, either by generating them on the spot, duplicating them from past estimates, or selecting from a library of standardized work activities using HeavyBid construction estimating software.

Estimating 130

Estimating Project Management Schedule Management Construction Management 130

Job Order Contracting

JANUARY 3, 2025

Historical Precedent and Familiarity RSMeans has been a longstanding standard in construction cost estimation. However, this approach often overlooks local market fluctuations and nuances, leading to inaccurate cost estimates.

Procurement 98

Procurement Risk Management Facility Management Lean Construction 98

Job Order Contracting

DECEMBER 17, 2024

Comprehensive Unit Cost Database Easily estimate the any type of commercial repair, renovation, maintenance, or new build project. Move beyond square foot and parametric estimating Stop using inefficient processes and get Planning, Procurement, and Project Delivery Teams on the same page via r obust programmatic frameworks.

Estimating 97

Estimating Construction Equipment Schedule Management Facility Management 97

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

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. Also remember that there so NO SUCH THING as an “accurate construction estimate.”

Estimating 98

Estimating Project Management Consulting Procurement Facility Management 98

Job Order Contracting

MAY 28, 2024

Reliance upon traditional and flawed techniques of planning, procurement, and project delivery methods. 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

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

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. and new construction service.

Estimating 98

Estimating Construction Equipment Procurement Building Materials 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

Civil + Structural Engineer

APRIL 25, 2023

The latest research from McKinsey & Company (McKinsey ) emphasizes that procurement in construction companies will play a pivotal role as they navigate uncertainty and aim for sustainability targets. The insights come as McKinsey publishes its latest report: The strategic era of procurement in construction.

Procurement 130

Procurement Sustainability Building Materials Project Management 130

Job Order Contracting

MAY 25, 2020

Early planning, design, and procurement stages influence cost, timing, quality, and overall repair, renovation, maintenance and new builds, and are critical to achieving optimal outcomes. The latter are fundamental to verifying contractor quotes and creating internal government estimates (IGEs).

Procurement 105

Procurement Lean Construction Facility Management Building Optimization 105

Job Order Contracting

OCTOBER 23, 2021

The innovative 4BT OpenBuild/OpenJOC(TM) Framework integrates planning, procurement, and project delivery to improve construction productivity. The post Innovative Solution Integrates Planning, Procurement, and Project Delivery to Improve Construction Productivity appeared first on 4BT. All projects follow a core programmatic process.

Procurement 105

Procurement Lean Construction Change Management Project Management 105

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

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

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

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.

Estimating 98

Estimating Material Storage Building Standards Building Permits 98

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

FEBRUARY 10, 2021

Collaborative Construction Procurement Planning and Project Delivery is a robust process for consistently achieving long-term best value for all participants and stakeholders. Tools and services should be procured to support owner requirements. Collaborative Construction Procurement Planning Drives Best Value Outcomes.

Procurement 98

Procurement Collaboration Project Management Consulting Building Information Modeling (BIM) 98

Job Order Contracting

JANUARY 21, 2020

Value-based construction planning, procurement, and project delivery can consistently enable quality projects, on-time and on-budget. PROCESS – LEAN planning, procure, and project delivery is a requirement. The post Value-based Construction Planning, Procurement, and Project Delivery appeared first on 4BT.

Integrated Project Delivery (IPD) 85

Integrated Project Delivery (IPD) Procurement Lean Construction Project Management 85

Construction Enquirer

JULY 17, 2023

The Construction Delivery Partner (CDP) frameworks now out to bid will form the design and build delivery runway within the new procurement model. Works will cover complex capital projects from £5m-£100m and have been split into two lots.

Ramps 214

Ramps Building Design Procurement Estimating 214

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. A locally researched detailed line item construction cost estimating database plays a key role in this regards.

Estimating 76

Estimating Lean Construction Procurement Schedule Management 76

Construction Enquirer

MAY 24, 2023

Procurement body Fusion21 has awarded 61 firms spots on its national refurbishment, construction, new build and modular buildings framework. The four-year deal is estimated to be worth £305m and has been developed to support public sector organisations, including housing, education, and healthcare providers to deliver construction programmes.

Modular Construction 201

Modular Construction Property Management Procurement Painting/finishing 201

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. While there may be several types of estimates in terms of granularity, this discussion is limited to detailed line item estimates. Learnings.

Estimating 71

Estimating Procurement Building Materials Maintenance 71

Job Order Contracting

FEBRUARY 21, 2025

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. The availability of current, local market, detailed construction task data makes evaluating subcontractor bids an easy task.

Estimating 75

Estimating Construction Equipment Procurement Building Materials 75

Construction Enquirer

JUNE 7, 2023

Twenty-four contractors have secured places on procurement group NEPO’s next-generation construction framework. The refreshed construction framework for councils and public bodies in the north east is estimated to be worth around £800m.

Public Works 190

Public Works Infrastructure Development Procurement Estimating 190

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. 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. Introduction.

Estimating 85

Estimating General Contracting Building Materials Manufacturing Insurance Management 85

Job Order Contracting

FEBRUARY 28, 2025

Combining a single source of truth with a robust and integrated Planning, Procurement, and Project Delivery Framework can reduced costs by 30%-40% as well as reduce risk for design builders. Having a verifiable and granular source of labor, material, equipment, and productivity data greatly improves timely and cost effective decision-making.

Procurement 78

Procurement Lean Construction Risk Management Project Management 78

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. Detailed Line-item Construction Cost Estimating Detailed line-items estimating provides the most representative view of actual “construction” costs.

Estimating 59

Estimating Property Management Building Optimization Procurement 59