Project Time & Cost, Inc. in Atlanta, GA won a 5-year, firm-fixed-price contract worth up to $150 million. They’ll provide “architect-engineering services for nationwide cost engineering” in support of the U.S. Army Corps of Engineers’ Walla Walla District in Washington State. The district’s site offers a summary of the key projects it’s involved in, and the firm has been working with the US ACE for over 25 years now. Work location will be determined with each task order, with an estimated completion date of Nov 6/16. The bid was solicited through the Internet, with 4 bids received by the US Army Corps of Engineers in Walla Walla, WA (W912EF-12-D-0003).
According to AACE International, cost engineering is “…the area of engineering practice where engineering judgment and experience are used in the application of scientific principles and techniques to problems of cost estimating, cost control, business planning and management science, profitability analysis, project management, and planning and scheduling.” That scope includes Cost Estimating, Earned Value Management, Risk Management, and Schedule Management.