Remove Agreement Remove Estimating Remove Negotiation Remove Overhead
article thumbnail

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

Job Order Contracting

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, 5117.9002 Applicability. (a) The contracting officer shall negotiate the modification and make a determination that the price is fair and reasonable. (d) b) Statement of work. (1)

Contract 226
article thumbnail

Setting up a Job Order Contract Using Best Management Practices

Job Order Contracting

general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, sales tax and compliance with tax laws, and also contractor’s profit). Bonding must be sufficient to cover the stated estimated annual maximum contract value.

Contract 100
professionals

Sign Up for our Newsletter

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

article thumbnail

Job Order Contract Execution Guide – Sample Template

Job Order Contracting

The 4BT-CE(TM) JOC cloud estimating and project management system, or equivalent, shall also be used. coefficient (reference table of allowable overhead). Contractor’s UPB estimate of tasks and quantities of labor, materials, and equipment to do the work, plans and specifications, and project timeline. authorization.

Contract 100
article thumbnail

A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. This total or subtotal is usually identified as such in an estimate report. Also known as Total Estimated Contract Cost (TECC).

article thumbnail

Best Practice Job Order Contracting

Job Order Contracting

(a) Job Order Contracting (JOC) is an alternative contracting method to fulfill requirements for sustainment, restoration, and modernization (SRM) projects at installation level (post, camp or station), with an estimated value exceeding $2000 , but not exceeding the amount of SRM authority delegated to the installation by the ACOM and/or HQDA.

Contract 100
article thumbnail

10 Contract Terms for Higher Profitability

PSMJ Resources

When negotiating a contract, insert as many of the following terms into the contract as possible: 1. It''s a good negotiating tactic to ask for money up front. With government clients, this term can reduce overhead, making your contract price more attractive. Get partial or full payment of fees before starting.

article thumbnail

JOB ORDER CONTRACT Glossary / Terms / Defintions – JOC , JOB ORDER CONTRACTING

Building Information Management

to 1.20 multiplier applied to the the total of the line items for a project or task order estimate. It typcially includes all overhead items such as. The day to day field supervisor working with the Job Orders, proposals (estimates), subcontractors and interfacing with the Contractors. COEFFICIENT. contingencies.