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5 Ways to Prepare for New Revenue Recognition Standards

Viewpoint Construction Technology

By taking the appropriate steps to prepare for the new standards, though, and finding construction software solutions that support these efforts, contractors can set themselves up for success in the future. Identify the Contract. Two of the biggest things to keep in mind for contracts are: Whether collection is probable.

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OpenJOC – LEAN Construction Delivery / Job Order Contracting

Job Order Contracting

OpenJOC, a term coined by Four BT, LLC, is the deployment of Job Order Contracting based upon LEAN construction delivery best management practices. Relationships are critical to LEAN construction and successful Job Order Contracts. In some cases, consultants are hired to assist in managing a Job Order Contract.

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Job Order Contract

Building Information Management

Leading Federal/County/State and Federal Government, Education, Transportation, Utilities, and Healthcare institutions leverage Job Order Contracting (JOC) to complete over 90% of their numerous renovation, repair, sustainability and minor new construction projects on-time and on-budget… and to the satisfaction of all participants!

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Job Order Contract

Building Information Management

Leading Federal/County/State and Federal Government, Education, Transportation, Utilities, and Healthcare institutions leverage Job Order Contracting (JOC) to complete over 90% of their numerous renovation, repair, sustainability and minor new construction projects on-time and on-budget… and to the satisfaction of all participants!

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LEAN Construction for Facilities Renovation, Repair, Minor New Construction

Job Order Contracting

The two most widely known and used forms of LEAN construction are Integrated Project Delivery, IPD, and Job Order Contracting, JOC. Few change orders. Independent, objective, locally research JOC unit price book (preferable to national average price books and adjustment factors). Enabling software.

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Collaboration in Construction – From “ad-hoc” to “best process”.

Job Order Contracting

4BT.US – We help Owners, Contractors, Subcontractors, as well as Architectural&Engineering and Contract Management firms to develop, deploy, and execute best practice Job Order Contracts. Construction Cost Data & Unit Price Books – Structured, Reliable, Best Value.

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The Definition of Job Order Contracting – What is JOC?

Building Information Management

Job Order Contracting is a collaborative construction delivery method, a type of integrated project delivery (IPD) that specifically targets renovation, repair, sustainability, and minor new construction. Some form of pricing transparency- Typically a Unit Price Book (UPB) containing preset unit prices for construction tasks.