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Advancing Construction Cost Estimating

Job Order Contracting

Advancing construction cost estimating data, tools, communications, and technology is central to achieving sustainable facilities management. “Decisions made to adjust to changing circumstances are all based on the data collected.”

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Construction Cost Estimating Facts

Job Order Contracting

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.

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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.

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12 Step Program for Creating Credible Construction Estimates

Job Order Contracting

The below 12 Step Program for Creating a Credible Construction Estimate is a valuable tool for any real propery owner or services provider. #1 1 Define estimate’s purpose ■ Who will use the estimate and how. Monte Carlo simulation) to develop a confidence interval around the point estimate. ■

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

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How to Estimate Construction Costs   

Autodesk Construction Cloud

Inaccurate estimates might not be the root of all evil, but they sure can derail a project. Far and away one of the most common reasons, however, is inaccurate budget estimates. When it comes to construction, estimating costs is a towering challenge. When it comes to construction, estimating costs is a towering challenge.

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Construction Cost Estimating Lunacy!

Job Order Contracting

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! That is a known standard/datum.