article thumbnail

Suspended prison sentence for director after scaffold tube strikes overhead power line

Construction Law

To read more of this and every other news story on this site, please log in with your Construction Law membership account details. If you don't have an account, you can get free access to the news on this site and receive a free newsletter on Fridays by creating a Newsletter account. See the panel to the right.

article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

professionals

Sign Up for our Newsletter

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

article thumbnail

The Unique Challenges of Procurement Planning for Construction Companies

ProcurementExpress.com

Construction teams face unique procurement challenges due to the complex nature of the business. As technology changes the game, procurement is becoming a strategic juggling act. With that in mind, we’ll look at three of the biggest challenges that construction teams deal with and how they affect procurement planning.

article thumbnail

Job Order Contracting 2021 and Beyond

Job Order Contracting

Job Order Contracting 2021 is a competitively bid, firm, fixed-price, indefinite quantity contract, and integrated planning, procurement, and project delivery program for as-needed construction services. If a UPB is properly created it consists of “bare costs” only (no contractor overhead or profit). for normal work hours.

Contract 130
article thumbnail

8 essential steps for effective project cost estimation and budgeting

Fieldwire

Factoring material waste into the equation can reveal how many additional supplies you should procure to prevent delay. Determine indirect expenses You must estimate insurance, bonds, indirect field expenses and overhead costs. Integrating overhead expenses into estimates accurately is simple. On average, remodelers net 4.7%

article thumbnail

Monitoring Your Financial Position to Succeed in the Construction Industry

Viewpoint Construction Technology

In fact, there are numerous examples which show that irrespective of the hard work and precision which is put into place for each and every project, failure to pair this with an effective construction accounting and expense control strategy which drives back-end decision making, can be the difference between success and failure.

article thumbnail

4BT OpenJOC Job Order Contract Unit Price Book

Job Order Contracting

Line item modifiers are used to account for quantities, access, and other variables. The coefficient(s) is intended to account for the contractors overhead and profit, and any other items that are allowed per the Job Order Contract. Task descriptions are in plain English using industry standard terms. to 1.20.

Contract 100