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Creating a JOC Coefficient?

Job Order Contracting

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

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Contracts need risk management

Construction Law

More than ever, a watchful eye will have to be kept on programmes; just as over-optimistic schedules will risk big problems somewhere along the critical path. It is poor risk management, unsuited to the increasingly sophisticated commercial world that contractors have to inhabit.

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Pricing and sales compensation: Making it work

Construction Marketing Ideas

Pricing and sales compensation are among the messiest aspects of business. The publication’s sales representatives negotiated deals with advertisers way below the publication’s rate card — and (to add to the problem), the publication had no system to manage and monitor overdue accounts.

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5 Challenges in Meeting Construction Deadlines and How To Solve Them

Construction Marketing

In fact, the last leg of a product’s journey is estimated to account for 53% of the total delivery cost. Solution : Integrate powerful construction payment software with current accounting tools to serve as a central repository for all lien waivers and allow for automatic disbursement of approved payments. . Inadequate Risk Management.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

For another, work delays from 2021 are likely to impact the risk of subcontractor default in 2022 and beyond. . The following standard financial ratios can help risk management teams evaluate potential trade partners during the subcontractor qualification process. Accounts Receivable Turnover . Current Ratio .

Safety 94
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Electrical Workers Taking Deadly Safety Risks

Safety Services Company

Electrical tradespeople accounted for 29% of all electrical-related fatalities in the workplace between 2003 and 2012, and they continue to be critically injured on the job when working on energized electrical panels or ballasts/347V lighting. Electrical workers accounted for 14% of all occupational fatalities between 2008 and 2012.

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

Levelset

By the same token, many potential situations pose risk to the health and safety of your employees and others working on the jobsite. Here’s an overview of eight of the top safety and health hazards in construction — and some preventive measures you can take to avoid these risks. . of all deaths in the construction industry. .

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