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For contractors and those of us working with contractors this issue of TRUST is very relevant, particularly in the current competitive market. There are also current contracts, like Job Order Contracting, that have a strong partnering component that thrive when founded in TRUST. When the TRUST fades, so does the contract!
Federally-funded construction projects can be a mystery for leaders in state and local government and public education. Questions abound regarding
Comparison Of Buildings
To illustrate a comparison of buildings, the publicly available dataset was again used to develop 5 life cycle cost models that were created in a similar manner as previously described.
Life cycle cost analysis is the act of considering the initial, sustainment, and the cost of replacement or disposal over the lifespan of the facility. It is the full measure of a facility’s cost and is instrumental in the comparison of multiple facilities. So how can you estimate, plan, and prepare for a facility’s life cycle costs? How can you easily compare multiple facility’s life cycle costs against each other? What does the geolocation of facility life cycle costs look like and what are the advantages? This article attempts to answer these questions and more using cost data by RSMeans and external resources.
“What are the “appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?”
I get this question a lot from my architect friends when helping them budget their projects through the design process. The answer can get messy considering all the factors that can impact the bottom line. There are many variables to consider. With this blog post I will answer the “markup” question for an average facilities project and try to keep it simple but still useful.
When contractors submit a bid, they use their expertise and knowledge to formulate a bid price that is accurate and competitive, but the bid must also be “responsive” and the bidder must be “responsible.” What do these terms mean?
If the construction calendar were laid out on a timeline graph, it would likely resemble a bell curve, with the bulk of construction work being shouldered in the summer months. Here are some things to keep in mind for your summer construction project planning.
Many times a facility manager receives their budget for the year at the beginning of their Fiscal Year (FY). This budget may include set-aside funding for repair, maintenance or small construction projects.
Lower budgets have become a reality for many in the public and private sectors. Local and state government agencies, school districts, universities, hospitals and others have struggled with trying to accomplish as much as possible with fewer financial resources. Making sure that you’re using the most efficient methods possible is one way to stretch dollars without sacrificing quality.
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