Current Construction Cost Estimating BEST PRACTICES

Current Construction Cost Estimating BEST PRACTICES

 

Current Construction Cost Estimating BEST PRACTICES

 

Estimating construction costs properly is critical to the success of any project.

It’s important to review your Construction Cost Estimating internal policies, procedures, and controls, whether you are using tradition design-bid-build or more efficient integrated project delivery methods such as Job Order Contracting.

  • Stop using “national average” cost data and associated location factors
  • Demand locally researched and current cost data
  • Use detailed construction cost line items 
  • Assure you have the ability to modify labor, material, and equipment and otherwise create your own “custom” line items
  • Maintain csi MasterFormat organization
  • Use common terms and definitions, plain English without the used of confusing acronyms.
  • Use objective, independent, and best value data suppliers

The OpenCost Approach reduces the time to create detailed line item construction cost estimates that accurately reflect local conditions, while also significantly improving communication and collaboration among contractors, subs, AE’s, facilities managers, and real property owners.

Benefits of the OpenCost approch and using Current Construction Cost Estimating BEST PRACTICES …

  • Fewer change orders
  • Faster project delivery
  • Reduced procurement costs
  • Higher construction quality
  • Higher satisfaction rate for all involved participants
  • Reduction in management process redundancies
  • Significantly improved cost visibility

Current Construction Cost Estimating BEST PRACTICES integrate… TECHNOLOGY, PROCESS, PEOPLE, and COMMON DATA

 

·         Follow our step-by-step 90-Day JOC Implementation Guide to understand the basics

·         Learn more about Collaborative Construction Delivery  for further details

·         Read our blog for the latest trends, tips, and resources

If you require any assistance, our experienced professional team is always ready to help you. Simply send us an email and we’ll get back to you shortly.