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Creating a JOC Coefficient?

Job Order Contracting

Social security contributions. Workmen’s compensations insurance. Adjustment factors to account for small jobs. 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. State unemployment insurance.

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Federal Construction Contractors Are Faced with the Double Whammy of the Pandemic and Price Escalation: What Can Be Done?

Federal Construction Contracting Blog

Delays to projects were frequent, but contractors were told that although they would be granted time extensions, these extensions would be non-compensable. The government recognized the financial impact to individuals who could not work and literally printed money to fund financial stimulus and extended unemployment compensation.

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Safe Site Check In’s Touch-Free, Paperless Check In and Health Screenings, Offer Post Pandemic Benefits

Construction Junkie

Guests and workers checking into the site are not required to download an app or create an account, and their personal health information is stored only on their device to comply with HIPAA and OSHA regulations. The app is available in both English and Spanish, but can also be customized to support other languages, if needed.

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Key Financial & Safety Metrics for Subcontractor Qualification 

Autodesk Construction Cloud

Formula: (Cash and Cash Equivalents + Marketable Securities + Accounts Receivables) / Current Liabilities . Accounts Receivable Turnover . Accounts Receivable Turnover is an activity ratio that measures how efficiently a firm uses its assets. Formula: Revenue / Accounts Receivable . Current Ratio .

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. Considering New Accounting Software? The Best Time to Go Live is… » Why Construction-Specific Accounting Software Costs More than Generic Accounting Software. I was doing some research on construction accounting softwares and came across your entry. STRATEGY |.

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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%

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Construction Business Owner Blogs

Construction Business Owner

ACCOUNTING |. Accounting & Finance. A safe work environment is one of the most straight forward ways to decrease workers compensation expenses. or higher, then it might be time to consider implementing a comprehensive safety plan to try and reduce your workers compensation insurance costs. Tags accounting.