Local market forces play a significant role in cost including the impact of other projects in the local market, availability of labor and labor costs as well as fluctuating material costs. Means analyzes these forces using its proprietary databases, contractor’s surveys and local cost research. With Means analysis, owners can adjust budgets during construction phases based upon real market conditions. For government agencies Means develops custom indexes based upon its proprietary CCI (Construction Cost Index) to gauge material and labor costs for US cites and towns.
Third Party Validation
– In the commercial non residential market, Means develops third party validation estimates for institutional Boards of Trustees at the request of the owner’s architect. These estimates are blind based without regard to the architect’s submittal and used for technical evaluations and local market cost evaluations.
– The fields of operations research and industrial engineering are contributing to lean construction. Applicable to the job site and focused on parallel processing methods lean construction will emerge over the next decade as a key method to reduce waste and improve cost practices during construction. For work duration studies Means engineers analyze installation cycles for time savings in construction process.
Best Practices Facility Operations and Maintenance
- Cost savings often are identified as a result of studying peer organizations. Means cost engineers conduct audits to analyze best practices and areas for improvement, particularly energy solutions, carbon reduction, security and building automation. RCD’s proprietary databases of architectural plans are analyzed to offer market intelligence about specification trends in architecture and planning.
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