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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. Permits, licenses, and fees. All costs associated with bonding (specifically including bond premiums). Submittal preparation.

Overhead 100
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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. Permits, licenses and fees. Employee payroll taxes, insurance and fringe benefits.

Contract 100
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Consistent Delivery of On-time, On-Budget, Quality Renovation, Repair, and Construction

Job Order Contracting

Best Value Procurement Competitively Bid. Associated Documents and Reports (JOC Operations Manual, Notice to Bidders, Bid Forms, RFP, Proposal Form, Negotiations Records, Close-out Form/Package). (Specifically for Job Order Contracting, though Integrated Project Delivery is similar and used for major new construction).

Budgeting 100
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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. subcontractor’s overhead and profit. Permits, licenses and fees. Employee payroll taxes, insurance and fringe benefits. All waste and excess material. Sales tax on material and equipment costs.

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Construction Cost Estimating Blog: How to prepare a bid estimate to.

Construction Cost Estimating

How to prepare a bid estimate to win a project. A bid process is required to award the most jobs in construction industry. In a bidding contest the lowest bidder will be awarded the contract. Estimating a construction bid involve some knowledge of the building process. How to prepare a bid estimate to win a project.

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JOC Tutorial #71 – Terms

Job Order Contracting

(a) “Adjustment factor” / “coefficient+ – job order contractor’s competitively bid adjustment to the organizations prices as published in the current unit price book. The total of all line items is then multiplied by the contractor’s competitively bid and accepted adjustment factor/coefficient.

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Why Hiring a Non-Local Commercial Construction Contractor is Crazy…Like a Fox

HardHatChat

The travel expenses alone for a non-local general contractor would inflate a retail construction bid to the point where the job isn’t economical. For example, in the last two years Englewood Construction has worked in 28 states, but we only have one office to support, so we don’t have a high overhead that gets passed along to a client.