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Avoiding the Cost Impacts of Estimate Assumptions

In Eight

As an owner, the responsibility to pay for changes in estimated costs depends largely on the terms of the individual contract that was awarded. How many in our industry have prepared estimates with costs that shot up far beyond predictions without much advance notice? And how far off were those estimates when the project was completed?

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Construction Cost Estimating, Location Factoring, and National Average Cost Data

Job Order Contracting

Many in the public sector are unaware of the construction cost estimating issues caused by the use of national average cost data and location factoring. They are not intended to be used when preparing appropriation-quality estimates. Here’s short summary of those problems noted by independent third parties. Peitlock, B.A.,

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Apartment deliveries will peak by mid-2017: Axiometrics report

BD+C

In its latest report, the Census Bureau estimates that annualized starts of structures with five or more units stood at 445,000 in October, up 28.2% However, multifamily permits were only 5.8% The market researcher Axiometrics looked at its identified supply data and concludes that multifamily deliveries could peak by mid-year 2017.

Permits 63
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Axiometrics predicts apartment deliveries will peak by mid 2017

BD+C

In its latest report , the Census Bureau estimates that annualized starts of structures with five or more units stood at 445,000 in October, up 28.2% However, multifamily permits were only 5.8% over the same month a year earlier.

Permits 78
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4BT OpenCost(TM) Local Market Granular Cost Data an RSmeans Alternative?

Job Order Contracting

4 Supported by secure cloud technology and information management practices (NIST, CMMC LvL 3 compliant) enabling Program, Project, Proposal, Estimate, Workorder, Document, and Issues/Task Mangement, and more. They are not intended to be used when preparing appropriation-quality estimates. Peitlock, B.A., Martinez, A., Martinez, A.,

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Rehabilitation Extends Life, Restores Historical Aspects of Minneapolis’ Third Avenue Bridge

Civil + Structural Engineer

Rehabilitation of the Third Avenue Bridge, which MnDOT initiated in 2017 to address the structure’s deteriorated conditions and extend its service life for 50 more years, required the updated structure to comply with Section 106 of the National Historic Preservation Act of 1966. The bridge is a contributing property to the St.

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Cranes on the horizon: construction disputes in Russia

Practical Law Construction

Article 744 of the Russian Civil Code permits an employer unilaterally to vary technical documentation and therefore, to an extent, the scope of works. However, such variations may not exceed “in cost terms 10 per cent of the total estimated cost of construction“, nor “change the nature of the works envisaged in the construction contract”.