Remove Bidding Remove Insurance Remove Overhead Remove Permits
article thumbnail

What’s in a JOC Coefficient

Job Order Contracting

Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Subcontractors’ overhead and profit. Employee payroll taxes, insurance, and fringe benefits. Permits, licenses, and fees. Project management and supervision.

Overhead 100
article thumbnail

Understanding the Contractor’s Job Order Contract Coefficient

Job Order Contracting

Example include, general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, and contractor’s profit. Subcontractors’ overhead and profit. Employee payroll taxes, insurance and fringe benefits. Submittal preparation.

Contract 100
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Job Order Contract Coefficient – Training 101

Building Information Management

Examples of costs that may be included in the coefficient include: General and administrative and other overhead costs. Employee payroll taxes, insurance and fringe benefits. insurance costs. subcontractor’s overhead and profit. insurance costs. subcontractor’s overhead and profit.

article thumbnail

JOC Tutorial #71 – Terms

Job Order Contracting

(a) “Adjustment factor” / “coefficient+ – job order contractor’s competitively bid adjustment to the organizations prices as published in the current unit price book. f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g)

article thumbnail

Construction Cost Estimating Blog: How to prepare a bid estimate to.

Construction Cost Estimating

How to prepare a bid estimate to win a project. A bid process is required to award the most jobs in construction industry. In a bidding contest the lowest bidder will be awarded the contract. Estimating a construction bid involve some knowledge of the building process. How to prepare a bid estimate to win a project.

article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. coefficient (reference table of allowable overhead). furnish as part of his overhead cost included in the coefficient, all necessary protective.

Contract 100
article thumbnail

Job Order Contracting Glossary

Building Information Management

. “Adjustment factor” – The job order contractor’s competitively bid adjustment to the owner’s prices as published in the unit price catalog. that is bid by job order contractor and use to multiply against a job order estimate for a job order contract as developed using the unit price book. See Coefficient).