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ConstructionPro Network blog: Diverse, high-level information to help make better project management decisions

Construction Marketing Ideas

.’s ConstructionPro Network blog takes business seriously, and in the process, provides some really useful tools (and warnings) for contractors and professional services concerned about contract and project management, disputes, and best practices within the industry. It is part of the contractor’s general and administrative overhead.

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Setting up a Job Order Contract Using Best Management Practices

Job Order Contracting

Setting up a Job Order Contract Using Best Management Practices involves a mix of strategic and operational steps including a gap analysis of current and planned outcomes. . Informal (shop) drawings, incidental to the job, reflecting the plan of action and the completed project, are anticipated under JOC. JOC Characteristics. (a)

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Army Job Order Contracts FAIL to meet AFARS requirements MOST OF THE TIME

Job Order Contracting

This practice does not work for material, labor, equipment, nor does it account for local market productivity in any effective manner. Locally researched JOC Price Books are readily available to provide cost visibility, cost transparency, and therefore improve cost management. Why is the Army using archaic and inefficient practices?

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What Is Estimate | Types of Estimate |Requirement Data for Estimation |Advantage of Estimate | Disadvantage of Estimate | Types of Cost Estimation

CivilJungle

The exact cost is only known from the account of the full work after the conclusion of the work. To invite tenders and to plan contracts and manage the expenditure during implementation, an estimation is also mandatory. Drawings (Plans, Sections, etc.). must be taken into account. Overhead Water Tank. #2.

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Construction Company Cash Flows Are Easy To Understand

Contractor Bookkeeping

Month 1: Materials, labor and G&A expenses are paid by the contractor but only part of the contract amount (draws) has been collected to offset the expenses. Month 2: Labor, materials, G&A (overhead) are expensed by the contractor for Month 2, but no payments (draws) are still behind the job costs for Month 2.

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Construction Company Profits Are Easy To Understand

Contractor Bookkeeping

Month 1: Materials, labor and G&A expenses are paid by the contractor but only part of the contract amount (draws) has been collected to offset the expenses. Month 2: Labor, materials, G&A (overhead) are expensed by the contractor for Month 2, but no payments (draws) are still behind the job costs for Month 2.

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Common Types of Construction Contracts And Their Use

cnstrctr

It is a legally binding document that the groups agree to at the start of a project and are held accountable to throughout. The different types of construction projects include: Lump Sum Construction Management (Cost Plus / Guaranteed Maximum Price) Design Build Design Build Finance Maintain. Construction Management Contracts.