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Service Agreements Can Improve Contractors Cash Flow And Profits

Contractor Bookkeeping

Why Sell Service Agreements? Service agreement holders are more likely to be clients that add more value to your construction company because they represent the most loyal segment of your customer base. Every service agreement customer represents a future work. Every service agreement customer represents a future work.

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How Much Does Rework Really Cost Your Job and What Can You Do to Stop It?

Construction Junkie

Unsatisfied with stopping at direct cost, the researches at Navigant then turned their attention to overhead costs, which include managerial, supervisor, and site safety costs. Pre-Construction Design Freeze After agreements are made, there must be a point in which no more changes can be made and the work can start without worry.

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JOC Tutorial #71 – Terms

Job Order Contracting

j) “Project labor agreement” – an agreement that meets the requirements of applicable regulations. (k) The proposal shall also contain a schedule for the completion of a specific project scope of work as requested by the organization. The prices shall not include overhead and profit.

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No Longer in the Dark: A Primer on the Distinction between Delay and Disruption Damages in a Construction Dispute

Best Practices Construction Law

The County entered into an agreement with the Contractor to expand a three-mile stretch of road. According to the Contractor’s expert, the contract established a “baseline schedule … created by the County’s engineer,” which showed a starting date with unhindered access along the area of the road where the utilities were located.

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(Still) Waiting for the Home Building Technology Revolution

Pro Builder

They thought scheduling was “pretty good.” . But despite access to an online scheduling portal from a big-name software company, most of the actual scheduling and updates were done by the field superintendent by phone. You do what you have to do,” which generated nods of agreement and nervous laughter around the room. .

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LEAN OpenJOC(TM) Job Order Contracting for Sustainable Facilities Repair, Renovation, and Minor New Construction

Job Order Contracting

The primary advantage of JOC has historically been is the flexibility permitted in ordered quantities and delivery scheduling. A public agency can place orders with one or more contractors when the actual need appears and received on-demand services from a vetted service provider. Unit Price Books developed without overhead & profit.

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10 Contract Terms for Higher Profitability

PSMJ Resources

With government clients, this term can reduce overhead, making your contract price more attractive. Request that the client agree to a simple monthly payment schedule tied to the scope and schedule of work. Shorten the client''s schedule and then work overtime. Include a streamlined form of billing and payment.