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What’s in a JOC Coefficient

Job Order Contracting

Here’s a listing of what is typically included in a construction contractor’s Job Order Contract coefficient… Contractor’s overhead and profit. Subcontractors’ overhead and profit. Business taxes, contributions, memberships, corporate headquarters support (legal, financial, etc.). All waste and excess material.

Overhead 100
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What Certifications Does A Crane Need To Operate On Construction Sites?

Construction Marketing

A solid commitment to safety can help reduce legal liabilities resulting from accidents or non-compliance with safety regulations. They offer mobile, tower, and overhead crane certifications. Most construction companies and project owners require NCCCO-certified operators for bidding and subcontracting.

professionals

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Understanding the Contractor’s Job Order Contract Coefficient

Job Order Contracting

Example include, general and administrative and other overhead costs, insurance costs, bonding and alternative payment protection costs, protective clothing, equipment rental, and contractor’s profit. Subcontractors’ overhead and profit. All costs associated with bonding (specifically including bond premiums). As built drawings.

Contract 100
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LEAN Construction for Facilities Renovation, Repair, Minor New Construction

Job Order Contracting

Virtual elimination of legal disputes. Reduced overhead for both owner and contractor. An open book JOC is NOT a JOC by definition as costs are derived from subcontractors in a typical design-bid-build fashion and are not fully visible, defensible and transparent. Financial transparency. Few change orders. Risk reduction.

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Job Order Contract Coefficient – Training 101

Building Information Management

Examples of costs that may be included in the coefficient include: General and administrative and other overhead costs. Business taxes, contributions, memberships, corporate headquarters support (legal, financial, etc.). subcontractor’s overhead and profit. subcontractor’s overhead and profit. insurance costs.

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Estimating- The New Normal

Chianelli Estimating

The tendency to adjust their bid estimating will inadvertently produce many business failures. Legal expense. A typical Residential Contractor will insert profit and overhead to their bottom-line. Fewer opportunities for contractors will increase competition and to win a job Contractors will cut costs to the bone. Fuel expense.

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The Simple Guide to Repair, Renovation, Construction Cost Control

Job Order Contracting

LEAN construction services procurement and project delivery is dramatically different from traditional methods such as design-bid-build, design-build, etc. The later includes the builders overhead, profit, and contingencies. At minimum cost estimates should be reviewed quarterly. Estimating and pricing are not the same things.