LCI Standard Tools to be Utilized on Negotiated and/or Hard Bid Projects
Leopardo has established that the following seven items are the core tools to be utilized on all projects as stated below. These tools represent our standard processes that ensure continuity and consistency of deliverables to our internal and external clientele.
1. Kick of Meeting with operations - (Tab 02) – Mandatory for all projects whether negotiated or hard bid a. Purpose of this meeting to is to set the expectations for the estimating exercise
2. Bid Day Recap (BDR) – (Tab 07) – To be utilized on all projects whether negotiated or hard bid a.
Leopardo’s estimating software for tracking of costs, developing detailed budgets, subcontractor bid day leveling, WBS (work breakdown structures), alternates, profit projections and development of general conditions.
3. Narrative – (Tab 08-03) – To be utilized on all projects whether negotiated or hard bid a. To describe the qualitative aspects of the project b. Clarify assumptions made c. List of exclusions d. Types of narratives i. Preconstruction narrative ii. Performance narrative based on assemblies iii. Short form iv. Long form v.
Standard suggested language to be considered for developing the aforementioned
4. OST (On Screen Takeoff) – (Tab 13) – Predominantly used on negotiated projects but can be utilized on hard bid projects a. Software utilized for quantification of building components to be used for pricing in conjunction with the BDR
5. Master Reconciliation – (Tab 21) - Predominantly used on negotiated projects a. Track the overall project costs from one budget deliverable to the next b. Track the trade by trade cost variances from one budget deliverable to the next c. Indicates what CCL each budget deliverable is reconciled through d. The value impact on a trade by trade basis of approved CCL items and the adjusted amounts e. Shows the entire project cost history from inception through GMP f. Used to develop the executive summary (below)
6. Executive Summary – (Tab 22) - Predominantly used on negotiated projects a.
Purpose is to define and describe the pricing variances from one budget deliverable to the next on a trade by trade and division by division basis using the master reconciliation as a guide
7.
CCL (Cost Control Log) – (Tab 20) a. The purpose of the cost control log is to empower the owner to have complete control over their project budget b. On a budget by budget basis, this tool is utilized for the following: i. Track potential scope revisions and/or value design options by assembly ii. Status of items (approved, pending, rejected, recommended) iii. Date of item origination and diary of status for historical purposes iv. Indicates the suggested value of the project based on accepted items v. Shows the potential lowest possible value for the project if all recommended items are approved
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