Remove Change Management Remove Definition Remove Estimating
article thumbnail

Common construction cost estimating problems

Job Order Contracting

Key issues related to cost factors: Fluctuating Material Costs: Prices of construction materials can significantly vary based on market conditions, supply chain issues, and seasonal fluctuations, making accurate cost estimations challenging.

article thumbnail

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?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Active Construction Cost Management – Government, Healthcare, Education, Transportation

Job Order Contracting

Active Construction Cost Management is important to any repair, renovation, maintenance, or new build activity. 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. let’s talk.

article thumbnail

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.

article thumbnail

Palmer Paving Gains Estimating Speed and Flexibility, and Powerful, Easy Tracking and Analysis with Software Technology

Civil + Structural Engineer

By Greg Norris, B2W Software Palmer Paving is no stranger to benefits of software technology, and a unified approach to estimating, performance tracking and accounting continues to pay dividends. Jim Madden, chief estimator Palmer Paving creates more than 500 estimates annually. Large bids are in the $10- and $20-million range.

article thumbnail

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. Credible Cost Estimate Core Elements #1 Objectivity – The information used and those invovled in the creation of the construction cost estimate must be objective.

article thumbnail

AI for Home Builders

The Pro Builder

It doesn’t help that business media coverage of the topic estimates AI will eventually (and probably sooner than later) fully replace 25% of current jobs , while two-thirds of all jobs (roughly 300 million) will be affected by AI automation in some way. Building Technology Building Technology Business Management Innovation Rich Binsacca