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Granite posts lower profits on increased revenue, record backlog

Construction Dive

The California-based contractor continues to work through its old, less profitable jobs, but is booking new ones at a faster rate than last year.

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Morgan Sindall upgrades profit expectations for year

Construction Enquirer

Morgan Sindall is set to report better-than-expected trading for the first-half with profits strongly up. Chief executive John Morgan said that the fit-out division led by its business Overbury would deliver a profit in the first half around 40% above the level reported for the same period last year.

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Severfield soars with strong profit and record revenue

Construction Enquirer

Britain’s biggest steelwork contractor Severfield has delivered stronger than expected profits and revenue after embarking on a diversification strategy. Underlying pre-tax profit jumped a fifth to £32.5m in the year to March 2023 off record revenue up 22% to £492m. He said: “2023 was a very successful year for the Group.

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Engineering losses halve Briggs & Forrester profit

Construction Enquirer

Briggs & Forrester Group saw pre-tax profit halve to £1.6m Group financial director Jeremy Askew said: “It has been a particularly difficult year with high levels of inflation experienced impacting on the profitability of some fixed price contracts. after suffering a £1.6m

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What is a JOC Unit Price Book

Job Order Contracting

A JOC Unit Price Book is a fixed list of detailed construction tasks and associated pricing/costs that is used to estimate costs for individual JOC projects/job orders, associated with a JOC Program. Using the OpenJOC(TM) Job Order Contract Unit Price Book, factors range from 1.01 on an general basis. The answer is a simple, NO.

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Winvic profit falls a third after losses on two jobs

Construction Enquirer

Shed and multi-room building contractor Winvic saw pre-tax profits fall for the first time after two jobs secured before the pandemic ran into loss. Pre-tax profit nosedived a third to £10.5m ” This has impacted Winvic’s forward order book which stands at £1.26bn down from £1.69bn at the same time on the year before.

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JOC Program Workflow

Job Order Contracting

For example, cost analysis, a critical component of any JOC Program Workflow becomes meaningless if the unit price book is not locally researched, or simply wrong. A locally researched, current unit price book is a prerequisite to a good estimating outcome and associated review and approval process.

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