Remove Building Standards Remove Cost Control Remove Estimating
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Controlling Construction Costs, Rocket Science, and Time Travel

Job Order Contracting

Controlling construction costs is not rocket science, nor does it involve time travel. Any real property owner can control construction costs for facilities repair, renovation, maintenance, and new build projects. Controlling Construction Costs is not rocket science 1.

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Preparing Independent Government Estimates – IGEs , IGCEs

Job Order Contracting

Preparing Independent Government Estimates – IGEs is fundamental to achieving best value outcomes. Unfortunately, the process is largely done inappropriately and without cost transparency or visibility, and rarely is verifiable. Most Independent Government Cost Estimates are Not Well Documented. FAR 36.203.

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Credible Construction Estimate Core Elements

Job Order Contracting

A credible construction cost estimate is required prior to engaging in procurement. The follow elements are common to a credible construction cost estimate. 2 Timeliness – All cost data must be current. applied to a outdated cost estimate will introduce significant error.

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Validity of a Construction Cost Estimate – Public Sector

Job Order Contracting

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.

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Prefab, Modular Homebuilder Touts Energy and Cost Benefits

The Pro Builder

Prefab, Modular Homebuilder Touts Energy and Cost Benefits qpurcell Wed, 10/04/2023 - 09:00 Dvele —a California-based manufacturer of prefab, modular homes—got started by bringing two building concepts together: high performance and factory construction. In 2018, Brandon Weiss, a third-generation U.S.

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MEP Cost Insights for Contractors in Commercial Buildings

CCR Magazine

These three systems form the basis of any modern building, offering functionality, energy efficiency, and compliance with industry standards. For contractors, an accurate MEP cost reduction is vital to avoid budget overruns, secure competitive bids, and ensure smooth project execution.

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Cost-Plus Vs. GMP Construction Contracts

Rabbet

There are many different types of contracts , but two of the most common are cost-plus and guaranteed maximum price. Cost-Plus Contracts A cost-plus contract is an agreement where the owner pays the contractor for all actual costs incurred (materials, labor, equipment) plus an agreed-upon fee or percentage for profit and overhead.