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. As built drawings. All costs associated with bonding (specifically including bond premiums). All waste and excess material.

Overhead 100
article thumbnail

Build Or Rebuild Your Construction Company By Bootstrapping

Contractor Bookkeeping

Bootstrapping is figuring out how to reduce the cash you need to start or re-start your business, by eliminating any unnecessary overheads while finding out who will give you a hand. You don't have to purchase new equipment to start your business.

Overhead 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

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. As built drawings. Employee payroll taxes, insurance and fringe benefits.

Contract 100
article thumbnail

Door Closer Hinges: A New Approach

Construction Specifier

Innovative engineering has made closer hinges more compact and functional; the new generation of products provides unique combinations of features and benefits to address door closing challenges that are not satisfactorily met by overhead surface-mounted door closers. Performance. The closer hinges have built-in door stops. Aesthetics.

article thumbnail

Can Support Services Be Recovered as Extra Administrative Costs?

Construction Dive

It is part of the contractor’s general and administrative overhead. recent example is a project in which flaws in the government design necessitated substantial revisions of the contract drawings. recent example is a project in which flaws in the government design necessitated substantial revisions of the contract drawings.

article thumbnail

Hard Construction Costs

Job Order Contracting

Landscape – Grass, lawns, trees, mulch, shrubs, fertilizer, and every other material included in the construction of the projects based on the architectural drawings. Overhead & Profit – Temporary facilities, utilities, tools and safety and security costs. How to Estimate Hard Construction Costs.

article thumbnail

Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, 5117.9002 Applicability. (a) However, informal (shop) and as-built drawings, incidental to the job, reflecting the plan of action and the completed project, are anticipated under a JOC.

Contract 226