Job Order Contracting

MAY 24, 2023

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.

Estimating 89

Estimating Material Handling Schedule Management Change Management 89

Job Order Contracting

MARCH 30, 2022

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.

Estimating 100

Estimating Cost Control Lean Construction Building Performance Measurement 100

Job Order Contracting

APRIL 26, 2022

Unit price construction cost estimating is the foundation of every reliable cost determination prior to procurement. Systems level estimating, historical data, assemblies, or square foot calculations should never be exclusively used to procure a repair, renovation, maintenance, or new build service. Contact Us.

Estimating 97

Estimating Procurement Foundation Systems Insurance Management 97

Job Order Contracting

AUGUST 3, 2022

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! – Oxford Languages.

Estimating 83

Estimating Change Management Procurement Project Management 83

Civil + Structural Engineer

APRIL 25, 2023

The latest research from McKinsey & Company (McKinsey ) emphasizes that procurement in construction companies will play a pivotal role as they navigate uncertainty and aim for sustainability targets. The insights come as McKinsey publishes its latest report: The strategic era of procurement in construction.

Procurement 130

Procurement Sustainability Building Materials Project Management 130

Job Order Contracting

AUGUST 20, 2023

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.

Estimating 89

Estimating Structural Systems Schedule Management Risk Management 89

Job Order Contracting

MARCH 3, 2022

Savvy owners and design builders know how review construction cost estimates. The process is collaborative and involves cost estimators, facilities management, and procurement professionals. The post How to Review Construction Cost Estimates appeared first on 4BT.

Estimating 86

Estimating Construction Equipment Facility Management Procurement 86

Job Order Contracting

AUGUST 15, 2023

Public Sector Construction Procurement is BROKEN. Each and every day the procurement of facilities repair, renovation, maintenance, and new construction services occurs without any current, objective, verifiable cost information. This activity is in direct violation of the fiducicary responsibility of public sector organizations.

Procurement 52

Procurement Estimating Maintenance Collaboration 52

Construction Law

DECEMBER 1, 2020

The UK’s poor procurement practices are highlighted yet again by the news that the £19bn Crossrail project can’t be completed with the money available to the project. Another chapter in the long history of analysing why the UK’s procurement practices are so poor has just been produced by the National Audit Office (see News).

Procurement 52

Procurement Estimating Schedule Management Government Works 52

CCR Magazine

AUGUST 7, 2024

CFC Construction is thrilled to announce the promotion of Josh Thall to Director of Procurement. With that project nearing completion, CFC leadership is confident the time is right to give Josh the reins on CFC’s procurement activities. We bring a true field-first focus, providing the right solutions to get your buildings built.

Procurement 52

Procurement Project Management Green Building Construction Management 52

Job Order Contracting

SEPTEMBER 18, 2023

Objective, reliable, and veriable Construction Cost Estimates are critical to best value outcomes for all repair, renovation, maintenance, and new build activities. The estimating process begins with a comprehensive understanding of your project’s scope of work.

Estimating 82

Estimating Material Storage Building Standards Construction Equipment 82

Job Order Contracting

MAY 4, 2023

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.

Estimating 80

Estimating Cost Control Project Management Consulting Construction Equipment 80

Job Order Contracting

NOVEMBER 17, 2024

Questions every real property owners should ask before procuring a repair, renovation, maintenance, or new build service. #1 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.

Construction Management 79

Construction Management Estimating Procurement Change Management 79

CCR Magazine

JANUARY 14, 2024

He has served as Project Controls Manager, Chief Estimator, Senior Manager, and Project Manager for a variety of infrastructure projects. Levels of contamination range from Non Hazardous to Hazardous including Low Level Rad, Mixed Waste, and Materials of Explosive Concern.

Estimating 52

Estimating Quality Control Schedule Management Cost Control 52

Job Order Contracting

MARCH 17, 2021

Reliable construction cost estimating is important to real property owners, facilities management professions, architects, and engineers. If a job is estimated correctly all parties should have a detailed understanding of the scope of work, costs, time, labor, and materials required.

Estimating 61

Estimating Quality Assurance Procurement Building Materials 61

Job Order Contracting

MARCH 21, 2022

Should Areas Cost Factors be used for Construction Cost Estimating? As a result, more than 40 years after the introduction of area cost factors (ACFs), the federal government is no closer to its goals of having construction cost estimates match actual construction costs, or properly adjusting for regional (location based) variances.

Estimating 88

Estimating Procurement Construction Equipment Lean Construction 88

Job Order Contracting

APRIL 3, 2021

MasterFormat Construction Cost Estimating drives cost visibility, transparency, and best value outcomes. Uniformat level and/or assembly level, or building level cost data is useful for budgeting purposes only, and should not be used for bidding, procurement, and execution actual projects with builders, construction managers, etc.

Estimating 68

Estimating Procurement Construction Equipment Lean Construction 68

Job Order Contracting

APRIL 15, 2021

I always tell owners, builders, architects, and engineers to forget construction cost estimating accuracy. I would also avoid estimators and, or cost data providers that claim to provide accurate construction cost estimates. There is no such thing as an accurate construction cost estimate. This is clearly foolish.

Estimating 59

Estimating Integrated Project Delivery (IPD) Procurement Lean Construction 59

Job Order Contracting

OCTOBER 23, 2021

The innovative 4BT OpenBuild/OpenJOC(TM) Framework integrates planning, procurement, and project delivery to improve construction productivity. The post Innovative Solution Integrates Planning, Procurement, and Project Delivery to Improve Construction Productivity appeared first on 4BT. All projects follow a core programmatic process.

Procurement 88

Procurement Lean Construction Change Management Project Management 88

Job Order Contracting

DECEMBER 7, 2020

Collaborative construction cost estimating provides guidance to organizations seeking improved cost visibility and transparency for repair, renovation, maintains and new build projects as well as overall facilities and physical infrastructure management. In other words, robust, LEAN process takes precedence for all associated projects.

Estimating 58

Estimating Collaboration Integrated Project Delivery (IPD) Lean Construction 58

Job Order Contracting

FEBRUARY 19, 2021

Reliable construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build project. Reliable Construction Cost Estimating. While there may be several types of estimates in terms of granularity, this discussion is limited to detailed line item estimates. Learnings.

Estimating 60

Estimating Maintenance Procurement Construction Equipment 60

Construction Enquirer

JUNE 16, 2023

The Government has blocked an attempt to amend the planned Procurement Bill to include mandatory project bank accounts for all jobs valued at over £2m. Abrahams MP said: “Small businesses are the backbone of the economy.

Procurement 288

Procurement Contracts Estimating 288

Job Order Contracting

APRIL 29, 2020

Detailed line item construction cost estimating is a prerequisite to obtaining best value outcomes for facilities / built infrastructure repair, renovation maintenance, sustainability, and new construction projects. A locally researched detailed line item construction cost estimating database plays a key role in this regards.

Estimating 60

Estimating Lean Construction Procurement Schedule Management 60

Job Order Contracting

MAY 25, 2020

Early planning, design, and procurement stages influence cost, timing, quality, and overall repair, renovation, maintenance and new builds, and are critical to achieving optimal outcomes. The latter are fundamental to verifying contractor quotes and creating internal government estimates (IGEs).

Procurement 86

Procurement Lean Construction Facility Management Building Optimization 86

Job Order Contracting

JULY 16, 2023

Reinforce detail unit line-item construction cost estimating today with CURRENT LOCAL MARKET DATA. Accurate construction cost estimates based upon industry standards and produced in a timely manner can now be the norm with 4BT’s local market line-item construction cost databases.

Estimating 40

Estimating Construction Equipment Collaboration Procurement 40

Job Order Contracting

FEBRUARY 10, 2021

Collaborative Construction Procurement Planning and Project Delivery is a robust process for consistently achieving long-term best value for all participants and stakeholders. Tools and services should be procured to support owner requirements. Collaborative Construction Procurement Planning Drives Best Value Outcomes.

Procurement 86

Procurement Collaboration Project Management Consulting Building Information Modeling (BIM) 86

Job Order Contracting

SEPTEMBER 8, 2020

Construction cost estimating is critical to the success of any repair, renovation, maintenance, or new build, and the consistent achievement of best value outcomes. Levels of Construction Cost Estimates. The are many levels of construction cost estimates based upon a “project” life-cycle.

Estimating 60

Estimating Procurement Lean Construction Maintenance 60

Job Order Contracting

AUGUST 17, 2020

Collaborative LEAN Construction Planning Procurement Project Delivery Solution. The post Announcing an Innovative LEAN Construction Planning Procurement Project Delivery Solution Solution appeared first on 4BT. Remove the traditional silos and no longer depend upon inefficient and antagonistic construction delivery methods.

Lean Construction 59

Lean Construction Procurement Property Management Project Management 59

Field Wire

MARCH 5, 2024

Estimating project costs correctly and managing the budget accordingly are just as vital. All subcontractors make project cost estimation and budgeting errors. Follow these eight essential steps to estimate project costs and budget funds effectively to prevent grave miscalculations. Digital data lends itself to analytics.

Estimating 52

Estimating Budgeting General Contracting Insurance Management 52

Job Order Contracting

JULY 22, 2020

Adaptive Lean Construction Planning, Procurement, and Project Delivery tools and services are readily available to assure the consistent delivery of quality repair, renovation, maintenance, and new construction projects on-time and on-budget. Recognition and leverage of the expertise of those actually doing the work is the norm.

Procurement 59

Procurement Lean Construction Property Management Project Management 59

Job Order Contracting

JANUARY 21, 2020

Value-based construction planning, procurement, and project delivery can consistently enable quality projects, on-time and on-budget. PROCESS – LEAN planning, procure, and project delivery is a requirement. The post Value-based Construction Planning, Procurement, and Project Delivery appeared first on 4BT.

Integrated Project Delivery (IPD) 62

Integrated Project Delivery (IPD) Procurement Lean Construction Project Management 62

PN - Project Management

AUGUST 15, 2022

This article offers insight on the top reasons to add new estimating software to your construction company. Benefits of estimating software ​ Better Overall Construction Job Planning The top reason to add construction estimating software to your repertoire of internal tools is that it helps you see the big picture.

Estimating 52

Estimating Cost Control Project Management Budgeting 52

Job Order Contracting

SEPTEMBER 30, 2021

Efficient and best management practice construction cost estimating, and ongoing construction project/program management involve early and ongoing planning, and the collaborative and competent involvement of all construction project participants and stakeholders. The post The Construction Cost Estimate ACCURACY Myth appeared first on 4BT.

Estimating 40

Estimating Schedule Management Property Management Procurement 40

Job Order Contracting

AUGUST 17, 2020

Collaborative LEAN Construction Planning Procurement Project Delivery Solution. The post Announcing an Innovative LEAN Construction Planning Procurement Project Delivery Solution appeared first on 4BT. Remove the traditional silos and no longer depend upon inefficient and antagonistic construction delivery methods. Learn more?

Lean Construction 52

Lean Construction Procurement Property Management Project Management 52

Job Order Contracting

APRIL 1, 2019

LEAN Construction Cost Estimating Drives Optimal Performance. Currently available robust LEAN construction estimating, procurement, and delivery processes, services, and tools, make it possible to consistently deliver quality projects on-demand, on-budget, and on-time.

Lean Construction 52

Lean Construction Estimating Integrated Project Delivery (IPD) Cost Control 52

Job Order Contracting

MAY 3, 2020

Improving construction planning, procurement, and project delivery involves consideration of core “competencies”, “process”, “efficiency”, and “technology” Or, put another way, People, Process, Information, and Technology. BIM is not a solution, but a tool. ” Henry Ford.

Procurement 60

Procurement Lean Construction Building Performance Measurement Project Management 60

Practical Law Construction

NOVEMBER 1, 2022

In our previous blog post , we introduced two-stage procurement and two key options for documenting it (a pre-construction services agreement (PCSA) followed by a separate main works contract and a Combined PCSA/Main Contract) noting that the differences were generally presentational or mechanical. Site investigations.

Procurement 52

Procurement General Contracting Insurance Management Risk Management 52