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Creating a JOC Coefficient?

Job Order Contracting

General / Prime Contractor Overhead. Workmen’s compensations insurance. Adjustment factors to account for small jobs. Subcontractor mark-ups. General / Prime Contractor Profit and risk. Payment Bond premium(s) (please note that Payment Bonds are required for task order. projects valued over $35K; 9. General insurances.

Insurance 233
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Basic Accounting Terminology for PMs

PSMJ Resources

Professional service firms use accrual based accounting methodology, not cash-based, and once this is understood everything gets much simpler. Taxes are calculated on a cash basis, regardless of the accounting methodology used for recognizing revenue. You invoice and collect cash based on the terms in your contracts.

professionals

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Prepare for Management Compensation and Bonus Reviews

PSMJ Resources

If you serve government clients, you should be prepared to support your management compensation and bonuses as the year end approaches. There is increased concern among various segments of our public sector clients over compensation and bonuses in A/E firms. Generally, this requires that you have survey support for base salaries paid.

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Estimating- The New Normal

Chianelli Estimating

General Condition costs along with indirect costs tend to be much smaller but they are still a reality of doing business and a real profit killer; particularly when not accounted for. Insurances; Workers compensation, General Liability, Risk. Insurances; Workers compensation, General Liability, Risk. Accounting expanse.

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Construction Estimating

Chianelli Estimating

Recently Contractors and Owners have found that Outsource Estimating is becoming a practical way to cut overhead. They do not have the burden of carrying costs like workmen’s compensation, general liability insurance, unemployment related costs, vacations or sick days, etc.

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Top 8 Construction Health and Safety Hazards — and Ways to Protect Your Jobsite

Levelset

According to data from the Bureau of Labor Statistics, falls accounted for more than 1 in 3 jobsite fatalities in 2019. Falls trigger a lot of OSHA safety inspections, and they account for half of the top 10 violations handed out by the Office. “Struck-by” fatalities numbered 170 in 2019 , accounting for 15.4%

Safety 52
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Job Order Contract Execution Guide – Sample Template

Job Order Contracting

project task/line item, a full description in plain English, a unit of measure and a corresponding unit price, including labor, material, and equipment details, and an associated approved contractor coefficient are to be the basis for Contractor compensation. The Contractor must take these costs into account when proposing the.

Contract 100