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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.

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The Budget Blueprint: Project Cost Control For Contractors

Contractor Bookkeeping

Managing a project budget is not just about numbers; its about ensuring your business is profitable. Understanding Project Budgeting Project budgeting is a crucial component of successful project management. At its core, a project budget is the total estimated cost of all the tasks, activities, and materials associated with a project.

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Leading Construction Cost Estimating Software – Myths and Facts

Job Order Contracting

Here are a few things to know about Market Leading Construction Cost Estimating Software applications. Convenience and Time Savings Market average prepopulated cost databases save significant time by providing a starting point for estimating. Users can quickly reference costs instead of building detailed estimates from scratch.

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Major Construction Cost Estimating Improvement

Job Order Contracting

An important construction cost estimating inprovement is the use of current, objective, verifiable, and locally researched granular labor, material, and equipment construction tasks. If you use “Sage” or “RS Means”, it’s time to consider improving your cost visibility and cost management capabilities.

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Construction Cost Estimating – Single Source of Truth

Job Order Contracting

There is only one sole source of truth for construction cost estimating, locally researched detailed line-item unit price data and associated quantities. References: GAO-19-57 – FEDERAL REAL PROPERTY ASSET MANAGEMENT Agencies Could Benefit from Additional Information on Leading Practices.

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LAN to Lead Project Management for TxDOT’s 

Civil + Structural Engineer

(LAN) has been chosen to assist the Texas Department of Transportation (TxDOT) Houston District in managing the Seawolf Parkway Project. LAN’s involvement includes providing project management support, with Craig Hester, PE, senior technical leader, serving as project manager.

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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.