Remove Bidding Remove Drawings Remove Overhead Remove Reference
article thumbnail

16 Things Every Contractor Should Know When Bidding a Job Order Contract

Job Order Contracting

16 Things Every Contractor Should Know When Bidding a Job Order Contract is just an introduction to anyone interested in JOC. For example, are drawings given to the general contractor 50% of the time? The Owner simply references their existing Technical Specifications. Learn more… 1. Learn more… 5.

Bidding 100
article thumbnail

A glossary of terms with reference to Construction Cost Estimating

Construction Cost Estimating

It also (ideally) details the terms and conditions of the construction or repair contract and itemises all work to enable a contractor to price the work for which he or she is bidding. Some refer to these risks as "known-unknowns" because the estimator is aware of them, and based on past experience, can even estimate their probable costs.

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 following template is provide for sample purposes only and should not be used a legally bidding document without through review and modification by appropriate Owner legal counsel. coefficient (reference table of allowable overhead). JOB ORDER CONTRACT (JOC) EXECUTION GUIDE. authorization. may not, be identified in the UPB.

Contract 100
article thumbnail

Job Order Contracting Glossary

Building Information Management

. “Adjustment factor” – The job order contractor’s competitively bid adjustment to the owner’s prices as published in the unit price catalog. It is sometimes use synonymously with the term “Coefficient”, and sometime refers to a cost localization factor that is used in addition to the “Coefficient”.

article thumbnail

Rory Woolsey's Construction Estimating Blog: Mark It Up!

Rory Woolsey

“ What are the” appropriate” markups for overhead, profit and contingency when budgeting facilities construction projects?” Beyond this, the installing contractor’s overhead(s) and profit will need to be added. Overhead: Overhead is the markup for the general contractor’s home office overhead.

article thumbnail

Developing a Job Order Contracting Program

Building Information Management

The traditional specification, design,and low bid award delivery system for minor construction or facility modification has the following deficiencies: Specifications and drawings are compiled by designers who often do not have the best construction experience. A JOC is awarded on a low-bid, competitive award basis.

article thumbnail

Development of the Job Order Contracting (JOC) Process for the 21st Century

Building Information Management

The traditional specification, design, and low bid award delivery system for minor construction or facility modification has the following deficiencies: Specifications and drawings are compiled by designers who often do not have the best construction experience. A JOC is awarded on a low-bid, competitive award basis.