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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 which projects qualify for federal funding, complying with federal regulations and accessing available funds. But with public facilities and infrastructure aging fast and revenues shrinking, it is becoming increasingly necessary for local entities to get […]

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.