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. Quality control.

Contract 100
professionals

Sign Up for our Newsletter

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

Trending Sources

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

f) “Job order contractor” – a licensed, bonded, and general liability insured contractor awarded a job order contract. (g) The proposal may also contain approved drawings, work schedule, permits, or other documentation as the organization may require for a specific job order. The prices shall not include overhead and profit.

article thumbnail

General Construction Estimate Spreadsheet

Construction Cost Estimating

By applying this spreadsheet, one can figure out totals as well as provide a sales tax rate, overhead mark-up rate, performance and payment bonds, insurance, profit, contingencies, business license, permit etc. The sheet includes numerous quantities , and unit costs associated with labor, material , and subcontractor.

article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

coefficient (reference table of allowable overhead). ORGANIZATION NAME Technical Staff / Facilities Management Department Representative(s) and authorized ORGANIZATION NAME Procurement Authority review the Contractor’s Proposal. The UPB costs should NOT include contractor overhead and profit. Insurance, fringe.

Contract 100
article thumbnail

Definition of a Job Order Contracting / Job Order Contract / JOC – Coefficient or Adjustment Factor

Building Information Management

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, sales tax and compliance with tax laws, and also contractor’s profit). Home > Regulations > FARS > Section 5117.9001.