Session 6 of 8
Tool: Cost Modeling ApproachÂ
22 CM-GC
NCHRP Research Report 939 presents practical guidance for the post-award administration of projects delivered using alternative, nontraditional methods.
Tool: Cost Modeling Approach (22 CM-GC)
Session 6 of 8: October 27, 2022
What is it?
- List of assumptions regarding construction means and methods agreed to by the agency and CM-GC
Why use it?
- Create a shared understanding of the project that helps minimize differences in cost estimates
How to use it?
- The project team discusses assumptions about the construction
- Meeting with CM, ICE, agency PM, agency cost estimator, and others
- Identify self-perform work, percentages for profit, overhead, and self-perform work
Documents
NCHRP ACM Contract Admin – Session 6 Slides