Remove Bidding Remove Overhead Remove Permits Remove Profitability
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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). contact-form].

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. Submittal preparation. As built drawings.

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. contractor’s profit. subcontractor’s overhead and profit. Permits, licenses and fees. Employee payroll taxes, insurance and fringe benefits. All waste and excess material. insurance costs.

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#98:  Good Faith Limits on Termination for Convenience

NH Construction Law

They operate very much like “at will” employment contracts, permitting the employer to fire an employee at any time for any (or no) reason as long as some specific public policy is not offended. Contractor shall not be entitled to receive payment for any lost profits.

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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.