Remove Equipment Remove Mobility Remove Overhead Remove Profitability
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Creating a JOC Coefficient?

Job Order Contracting

Equipment. General / Prime Contractor Overhead. General / Prime Contractor Profit and risk. Mobilization and demobilization costs. Incidental tools and equipment. Items included in a JOC coefficient (also known as a “Bid Factor”). Labor (Both during Normal Work Hours and Outside of Normal Work Hours).

Insurance 234
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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. Sales tax on material and equipment costs. Mobilization and close out for the total contract and each task order.

Overhead 100
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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. Sales tax on material and equipment costs. Quality control.

Contract 100
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Job Order Contracting Training Note – JOC Coefficient

Job Order Contracting

The following is a list of items that are generally considered when a contractor is developing a JOC coefficient.

Contract 100
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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. Sales tax on material and equipment costs. equipment rental. contractor’s profit. subcontractor’s overhead and profit. Sales tax on material and equipment costs.

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The Rise of Business Intelligence in Construction

Viewpoint Construction Technology

Soule are using BI technology to dramatically improve productivity and profitability. But with the risk also comes the increased potential for improved efficiency and savings, leading to a greater profit margin for contractors that are used to typically razor thin margins on projects. Endless Opportunities for Today and Tomorrow.

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What Is an Insurance Endorsement? A Contractor’s Guide

Levelset

At the core, you have property coverage for your tools and equipment, along with a liability component that protects your financial assets in case there’s a work-related accident or injury that you may have some responsibility for. . Equipment breakdown . A sudden equipment failure on your project site could dent your bottom line.