Remove Accounting Remove Contract Remove Contractors Remove District of Columbia
article thumbnail

Davis Bacon Prevailing Wage Rages

Job Order Contracting

They are also common used for Job Order Contracting and other LEAN construction delivery methods. The Davis-Bacon Act (DBA), enacted in 1931 and amended in 1935 and 1964, is designed to protects communities and workers from non-local contractors underbidding local wage levels. Davis Bacon wage rate requirements 1.

article thumbnail

How to Get a Surety Bond

Construction Business Owner

But how does a contractor get a bond? The steps in obtaining a bond are fairly straightforward,” said Ty Ruff, contract underwriter at Liberty Mutual Surety, “but getting that first bond requires more than just steps, it requires due diligence in selecting an agency and a surety carrier.”. “The Accounting & Finance. Main Image.

professionals

Sign Up for our Newsletter

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

article thumbnail

Davis-Bacon Wage Rates and Construction

Job Order Contracting

Department of Labor) to all laborers and mechanics on Federal government and District of Columbia construction projects in excess of $2,000. In most cases, when a contract is awarded or when construction begins, the wage decision is “locked-in” and no future modifications are applicable to the contract or project involved.

article thumbnail

Turner Construction is conducting an exclusive construction educational program in USA

Construction Cost Estimating

The educational program 2015 will focuses on field operations, accounting & banking, construction estimating , safety and sales & marketing. Turner has rewarded over $1 billion in contracts annually to minority-owned businesses since past 10 years as well as awarded more than $1 billion to MBE contractors in 2012.

article thumbnail

Federal Facilities – Implementation of Energy Savings Projects and Performance-Based Contracting for Energy Savings

Building Information Management

Job Order Contracting – JOC, is perhaps the only proven, collaborative, performance-based construction delivery method designed specifically for the numerous task faced by facility managers. Presidential Memorandum — Implementation of Energy Savings Projects and Performance-Based Contracting for energy savings.

article thumbnail

Federal Real Property Regulations (FAR / FMR)

Building Information Management

This definition also includes private sector firms under contract with Federal agencies that deliver real property services to Federal agencies. Landholding agency” means the Federal agency that has accountability for the property involved. Projected highest and best use should not be remote, speculative, or conjectural.

article thumbnail

Federal Real Property Regulations (FAR / FMR)

Building Information Management

This definition also includes private sector firms under contract with Federal agencies that deliver real property services to Federal agencies. Landholding agency” means the Federal agency that has accountability for the property involved. Projected highest and best use should not be remote, speculative, or conjectural.