Come learn how Con Edison standardized their processes and tools to enable validation of costs from estimate, to procurement, to closeout. Estimating is a required part of all projects within Con Edison to ensure the procurement of fair and reasonable contracts that serve the best interest of the ratepayers. Con Edison has worked to have documented processes to product fact-based, defendable estimates. These estimates align with AACE best practices and run through the concept phase, through contract negotiations, and construction.
This presentation will provide an overview of:
– Implementation of best practices
– Leveraged project cost and schedule data
– Cost/benefit analysis process
– Time and Motion Studies to reduce costs
– Consistent use of the new Estimating Software (HeavyBid)
– Streamlined change order process
– Improved utilization of resources to reduce costs
– Future goals and initiatives