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The Budget Blueprint: Project Cost Control For Contractors

Contractor Bookkeeping

At its core, a project budget is the total estimated cost of all the tasks, activities, and materials associated with a project. A well-prepared budget helps control costs, ensuring that project expenditures dont exceed available funds. Budgeting is essential for several reasons.

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Better Tools For Estimators Drive Significantly Improved Construction Cost Visibility

Job Order Contracting

Better Tools are now availalble for construction estimators to drive significantly improved contruction cost visibility. Approximately 90,000 line items with locally researched labor, material, and equipment costs are essential for superior cost visibility.

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Improve Your Estimates with Past Project Data

In Eight

Capital construction projects generate countless data points, which in turn generate an opportunity for more accurate and profitable estimates. Make more of your past project data and improve your estimating outcomes. View the E-Book The post Improve Your Estimates with Past Project Data appeared first on InEight.

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Construction Cost Estimates

Civil Engineer Blog

Construction cost constitutes only a fraction, though a substantial fraction, of the total project cost. However, it is the part of the cost under the control of the construction project manager.

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Valid Construction Cost Estimate Creation

Job Order Contracting

Valid construction cost estimate creation is the goal of every professional estimator. Using the final construction cost, for example, is just plain silly as there are far too many variables involved in the outcome. Nonetheless validity of a construction cost estimate is critical to cost management.

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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.