Remove Cost Control Remove Estimating Remove Quality Control
article thumbnail

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.

article thumbnail

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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. That high degree of factory completion helps ensure cost and quality control, Weiss says.

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. 2 Timeliness – All cost data must be current. applied to a outdated cost estimate will introduce significant error.